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Wed Mar 2, 2022, 03:23 PM

Russian oligarchs moving yachts as U.S. tracks down assets

Yachts owned by Russian billionaires are on the move as the U.S. and its allies seek to hunt down the assets of Russia's wealthiest in direct response to the invasion of Ukraine. The wealthiest Russian money including Russian President Vladimir Putin's has pushed to sea.

Data from MarineTraffic, a global intelligence group, shows yachts owned by oligarchs are on the move, including aluminum magnate Oleg Deripaska's $65 million Clio and oil executive Vagit Alekperov's $80 million Galactica Super Nova.

"No self-respecting oligarchy exists without a super yacht. And so what we're seeing now is a hightailing it on the high seas," financier and anti-corruption activist Bill Browder told CBS News.

A super yacht is typically over 40 meters long. The Clio and Galactica are each over 70 meters long.

In response to Putin's war against Ukraine, the Biden administration created a task force to go after Russian oligarchs' "yachts, luxury apartments, money and their ability to send their kids to fancy college[s] in the West."

https://www.cbsnews.com/news/russia-ukraine-putin-oligarchs-yachts/
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It doesn't really matter where they put them, because this nifty little app called Maritime Tracker tells where they are. And anyone can access that......

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Reply Russian oligarchs moving yachts as U.S. tracks down assets (Original post)
Jilly_in_VA Mar 2022 OP
global1 Mar 2022 #1
hippywife Mar 2022 #3
bluedigger Mar 2022 #2
Jilly_in_VA Mar 2022 #4

Response to Jilly_in_VA (Original post)

Wed Mar 2, 2022, 03:36 PM

1. So Who Will Go After These Yacht's And Confiscate Them?.....

They come alongside of one of these yacht's - what's the procedure? Can they board and commandeer the yacht?

Just curious. Seems like this would make a good chase movie.

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Response to global1 (Reply #1)

Wed Mar 2, 2022, 03:49 PM

3. Here's the answer for the U.S.

https://upload.democraticunderground.com/10142880684

https://www.msn.com/en-us/news/us/justice-department-launches-plan-to-go-after-billionaire-russian-oligarchs-and-their-assets/ar-AAUwtJO

Attorney General Merrick B. Garland said the new unit, Task Force KleptoCapture, will surge federal law enforcement resources from various agencies, including the FBI, Treasury Department and Internal Revenue Service.


I'm sure it won't be much different in other nations.

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Response to Jilly_in_VA (Original post)

Wed Mar 2, 2022, 03:43 PM

2. Ukraine should issue Letters of Marque.

Put some privateers on their ass.

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Response to bluedigger (Reply #2)

Wed Mar 2, 2022, 03:52 PM

4. That's kinda what I figure will happen

Some not-nationally-affiliated somebody is going to go after one or more of these guys. It's possible that just the threat of "We know who you are and we know where you are" might be enough to bother them a LOT. It might even be possible to jam or hack their computers or equipment once that is known.

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