Could sanctions leave oligarchs’ super yachts high and dry in Spain?

Russia’s wealthiest men own vessels worth millions. Now penalties might make it illegal to supply or service them• Russia-Ukraine crisis: live newsAmong the many gleaming white boats lining Barcelona’s historic port, the super yachts of the super-rich stand out.If there are fewer of them than usual at the moment it’s because most are still wintering in the Caribbean. However, overshadowing the small fry (super yachts are roughly defined as starting from 25 metres in length) are a number of palatial vessels, including yachts owned by the King of Bahrain, Walmart heiress Nancy Walton Laurie, and media mogul Barry Diller. Continue reading…

Russia’s wealthiest men own vessels worth millions. Now penalties might make it illegal to supply or service them

• Russia-Ukraine crisis: live news

Among the many gleaming white boats lining Barcelona’s historic port, the super yachts of the super-rich stand out.

If there are fewer of them than usual at the moment it’s because most are still wintering in the Caribbean. However, overshadowing the small fry (super yachts are roughly defined as starting from 25 metres in length) are a number of palatial vessels, including yachts owned by the King of Bahrain, Walmart heiress Nancy Walton Laurie, and media mogul Barry Diller.

Continue reading…

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