Russian Yachts

[Swa]

Hey how about considering buying a nice Russian oligarch's yacht? That of course depends if were still here

https://www.theguardian.com/world/2...-oligarchs-super-yachts-high-and-dry-in-spain

 

[koliver]

"A" the Sailboat and "A" the powerboat, both Melnichenko yachts, are in Trieste and Dubai per Marine Traffic

 

[porman]

Apparently someone has messed with Putin's personal yacht, Graceful, on Marine Traffic. The destination showed "FCKPTN" and it was shown as aground.

 

[kthoennes]

Yep, just checked Marine Traffic, looks like that's true.

 

[bowball]

Apparently someone has messed with Putin's personal yacht, Graceful, on Marine Traffic. The destination showed "FCKPTN" and it was shown as aground.

Yes, to add to the joke, aground off Crimea in the Black Sea though actually it was hundreds of sea miles away!

 

[twistedtree]

Seize and impound all of them.

 

[La Mer]

"A" the Sailboat and "A" the powerboat, both Abramovich yachts, are in Trieste and Dubai per Marine Traffic

Roman Abramovitch doesn’t own and has never owned motor yacht "A" nor sailing yacht "A"

 

[CharlieO.]

https://www.msn.com/en-us/news/worl...an-s-yacht/ar-AAUp7Oe?ocid=entnewsntp&pc=U531

 

[North Baltic sea]

Hi,

just before the declaration of war on Ukraine, he made a game movement, his "trawler". Smart transfer, from this guessed that not many days ��

https://www.dmarge.com/2022/02/putin-superyacht-russia-ukraine-invasion.html

no nuclear weapon threatens, he took care ♥ ️ of his boat and it was in big service in Germany and spring goming soon Baltic area.

NBs

 

[CharlieO.]

Hi,

just before the declaration of war on Ukraine, he made a game movement, his "trawler". Smart transfer, from this guessed that not many days ��

https://www.dmarge.com/2022/02/putin-superyacht-russia-ukraine-invasion.html

no nuclear weapon threatens, he took care ♥ ️ of his boat and it was in big service in Germany and spring goming soon Baltic area.

NBs

Just to clarify, that author isn't speaking for this American I don't "revere Putin".

Quite the vessel though.

 

[koliver]

Roman Abramovitch doesn’t own and has never owned motor yacht "A" nor sailing yacht "A"

Thanks for the correction. I saw the sailing A in Cartagena Spain in late 2018, while on a cruise ship and was told by the tour guide (incorrectly). Should have done better fact checking. In fact Melnichenko, a Russian Billionaire owns both "A"s.

 

[Mako]

Wow that is so funny. Hackers!

 

[kthoennes]

Hi,...just before the declaration of war on Ukraine, he made a game movement, his "trawler". Smart transfer, from this guessed that not many days ��

https://www.dmarge.com/2022/02/putin-superyacht-russia-ukraine-invasion.html...NBs

Not sure there was much mysterious about the sudden departure now - certainly he knew what his own intentions were and probably didn't want to risk getting his boat seized once the tanks started to roll. I read a few more articles on the Ukrainian superyacht crewman who tried to sink Alexander Mijeev's boat. According to Maritime Executive story, the engine room crew were all Ukrainian and they alerted authorities and worked to save the boat. Not sure I understand that, I would have walked off and let it sink.

And then there's this, about apparent attacks on international shipping in the area. Hard to make sense of it though, the damaged ships seem to be registered or actually based in countries other than Ukraine or Russia.

https://www.maritime-executive.com/article/merchant-ships-attacked-and-on-fire-off-ukraine

 

[Fletcher500]

A lot of countries are going after the Oligarchs, and it's about time. F- em'.

 

[Swa]

Those yachts mean very little. Slap on the wrist at best. I get that this is an unpopular opinion, but under what legal doctrine are we seizing private individual's assets, for seemingly no crime committed by them?

 

[tiltrider1]

Those yachts mean very little. Slap on the wrist at best. I get that this is an unpopular opinion, but under what legal doctrine are we seizing private individual's assets, for seemingly no crime committed by them?

The yachts mean more than you might think. They are collateral in a financial market that is under attack. Russian interest rates just shot from 7% to 20%. How will this affect some one who has 6 billion in assets and 5 billion in debt. I am sure we will soon see.

 

[BandB]

There are a lot of yachts in build or re-build that yards are very concerned about funding now. I see some Dutch yards and Turkish yards facing these problems. Some yards and builders also Russian owned.

 

[BandB]

Those yachts mean very little. Slap on the wrist at best. I get that this is an unpopular opinion, but under what legal doctrine are we seizing private individual's assets, for seemingly no crime committed by them?

Everyone is different. Many are financed by now questionable lenders. Others owned by different entities. Very few are owned by "private individuals." Russian ownership is often a twisted, complicated situation. Some yachts likely even owned by companies that have the government as a minority owner.

 

[Bel]

Roman Abramovitch has extensive assets in little old New Zealand, unfortunately our woke Government voted down legislation which would have enabled us to impound them in situations like this.
Safe to say any of the Oligarch's super yachts wouldn't be welcome here. NZ-ers would do our own private vessel blockade.

 

[Fletcher500]

If you are so inclined. Good ratings from Charity Navigator regarding use of funds.

 

[N4061]

Appears at least one Russian billionaire's yacht recently anchored off an island in Maldives which does not have an extradition treaty with the US. This may get interesting if the US moves in and starts impounding all their yachts and private jets around the world.

John T

 

[kthoennes]

I don't know how you'd legally justify seizing private individuals' assets though. As awful as the situation is, I just don't know how you'd rationalize that. Personally I think it's time for a multinationally enforced no fly zone, but seizing a superyacht? Probably legally shaky but more importantly, not very effective. I don't think Putin cares.

 

[RT Firefly]

Greetings,
Mr. k. https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States

 

[BandB]

I don't know how you'd legally justify seizing private individuals' assets though. As awful as the situation is, I just don't know how you'd rationalize that. Personally I think it's time for a multinationally enforced no fly zone, but seizing a superyacht? Probably legally shaky but more importantly, not very effective. I don't think Putin cares.

I don't know as to seizures yet, but easy enough for countries to not allow them to enter and some have done that. Now, why did some individual owners flee? Because of their specific roles and businesses. If you own the company that manufactures the weapons for the Russian military to use for the invasion. Also, with banking limitations there are fears over getting paid in various places. The vast majority of Russian Oligarchs have very strong ties to Putin and the government. Otherwise they wouldn't be where they are. The attempt is to cut off the funding for the war. Those who help there are often the same persons who own the large yachts.

Legally shaky? Haven't seen actions yet that are other than the engineer trying to send a message. Effective? Not really so far but applying pressure to those who are close to Putin might help some. Putin cares? Pressure by those he needs and depends on may make him care, although I doubt it.

Now, where we must be careful is to all the Russians around the world, including the US. The majority are appalled by the attack on Ukraine and are good people and the way we've turned previously on Arabs and on Asians, we must not do the same to them.

 

[Nick F]

Now, where we must be careful is to all the Russians around the world, including the US. The majority are appalled by the attack on Ukraine and are good people and the way we've turned previously on Arabs and on Asians, we must not do the same to them.

Nicely put, BandB

 

[Fletcher500]

Some accounts put Putins worth possibly higher than anyone on the planet. Amazing for a guy who's salary is $140K per year. Many of these Oligarchs actually have his assets. These funds were obtained from the people of Russia. So for the folks on here expressing their concern over these guys, probably best to find another cause. Their time has come, and even putting their kids in college or getting a credit card will be difficult for them the way things are going. Unity together; not apart in our corners.

 

[BandB]

Some accounts put Putins worth possibly higher than anyone on the planet. Amazing for a guy who's salary is $140K per year. Many of these Oligarchs actually have his assets. These funds were obtained from the people of Russia. So for the folks on here expressing their concern over these guys, probably best to find another cause. Their time has come, and even putting their kids in college or getting a credit card will be difficult for them the way things are going. Unity together; not apart in our corners.

All very true.

But on the flip side, Russians and others including those from Belarus and Ukraine (by mistake) are already being harassed. NHL players told by people on the streets to go home, and being called Nazis. These are law abiding persons paying huge amounts in Canadian and US taxes and state taxes. A couple have spoken out but most are scared to as they have families in Russia, families that could be harmed if they spoke.

 

[OldDan1943]

Under Putin everyone is equal. Some folks are more equal than others. They are so equal, they own a BIG boat.

 

[tiltrider1]

I don't know how you'd legally justify seizing private individuals' assets though. As awful as the situation is, I just don't know how you'd rationalize that. Personally I think it's time for a multinationally enforced no fly zone, but seizing a superyacht? Probably legally shaky but more importantly, not very effective. I don't think Putin cares.

The same way you legally justify making war on your neighbor.

Many countries have a list of Russian citizens that they are placing sanctions against. In our country its a Presidential mandate. Something that our laws allow our president to do. One of the sanctions is freezing all assets. These super yachts are assets and they are being frozen. Some very interesting stories out there. One SY is in dry dock. All work has stopped due to sanctions but the daily bill continues. Due to Russia being removed from Swift and assets out side of Russia being frozen there is no way for the owners to pay the daily rate. They say it won't be long (don't know the definition of this) before the claim against the ship will exceed the value of the ship. Meaning this might be a lost asset already.

One would say remove the boat from drydock but the Government says moving the boat is equivalent to moving a frozen assets which is illegal.

I'm sure there are going to be some very interesting stories.

 

[N4061]

Boat Building

I'm glad to see the President SOTU speech talk about bringing jobs back to the USA. When he mentioned all the job's we shipped overseas I could not stop and think about boat building in China. Yes, I have mentioned the need to support our boat builders here at home at least once prior to this post but it's something I believe in. I look forward to seeing a shift in our decision-making process which does not include the impact of funding other countries which are not our allies just because they offer the "lowest price". I look forward to seeing us purchasing a boat of equal or higher quality at slightly higher costs but built in the USA. If we need to settle for a slightly smaller LOA to keep the jobs in the USA then we should consider doing it. At least this is my thinking as one who is getting a little older and would like to see the follow-on generations have good paying manufacturing jobs (including boat building) in the USA and not support countries which are not our true allies.

This will not happen over-night and I have no plans to sell my wife's German built MBZ SL which sits covered on the garage and never driven (she would kill me) but if there is another new boat build on the shrinking horizon it will not be built in China but in the USA. Not sure anyone else thinks like me but I plan to do my part to contribute to this country's growth and continued world leadership of democracy.

OK, I'm ready for the feedback even it goes against my thinking. Discission of any type is good for everyone.

John T