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Russian Superyachts Find Safe Haven in Turkey, Raising Concerns in Washington
Turkey’s welcoming ports are symptoms of a much larger problem: evasion of U.S. sanctions against Russia.
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By Elif Ince Michael Forsythe and Carlotta Gall
PORT AZURE, Turkey — On a hot August evening at a marina on Turkey’s southern coast, the crew of the Flying Fox was hard at work, keeping the 446-foot superyacht immaculate for future guests willing to pay $3 million a week. One crew member leaned over the railing at the stern, wiping the highly polished surface next to the ship’s nameplate. Another was busy with a squeegee, cleaning glass.
The Flying Fox, the world’s biggest yacht available for charter, played host last year to Beyoncé and Jay-Z, who skipped the Met Gala in New York to cruise the Mediterranean and enjoy the vessel’s over-the-top amenities: a 4,300-square-foot wellness center with a Turkish bath and a fully equipped beauty spa, among many others.
Then Russia invaded Ukraine. Since then, the Flying Fox has been caught up in the dragnet of international sanctions designed to hobble the lifestyles of the oligarchs who help sustain President Vladimir V. Putin’s rule.
Yet, while some superyachts owned by or linked to Russian oligarchs facing sanctions have been seized in ports around the world, the Flying Fox and others caught up in the broader Russia penalties have found safe haven in Turkey, the only NATO member not to impose sanctions on Russia.
The flotilla of Russian superyachts in Turkish waters is raising tensions with the United States, which sees Turkey’s welcoming of the vessels as a symptom of the much larger problem: Russia’s access to Turkey’s financial system, potentially undermining Western sanctions.
Turkey’s strongman leader, President Recep Tayyip Erdogan, who has criticized Western sanctions against Russia, said in March that Turkey could not impose sanctions because of its energy needs and industry deals. “There is nothing to be done there,” he said.
In all, at least 32 yachts tied to oligarchs and sanctioned entities have sheltered in the country’s waters in recent months, able to move about or moor in its picturesque coves and bays without fear of seizure, according to a New York Times analysis. Ownership records of superyachts for the ultrawealthy are notorious for being hidden behind layers of shell companies. The Times analysis was constructed with news accounts linking Russian oligarchs to particular yachts that were then matched with vessel positions available on commercial sites such as MarineTraffic . In many instances, the yachts were spotted in Turkish waters by a Times reporter.
On Aug. 19, the Treasury Department issued a statement saying that the deputy treasury secretary, Wally Adeyemo, had told a Turkish official that the United States was concerned about Russians using Turkey to evade sanctions.
Three days later, Mr. Adeyemo sent a letter to Turkish business groups warning of penalties if they worked with Russian individuals or entities facing sanctions. Turkish banks, he added, risked losing vital correspondent relationships with global banks — and even access to the U.S. dollar — if they did business with sanctioned Russian banks.
In September, several Turkish banks stopped accepting the Mir payment system — the Russian equivalent of Visa or MasterCard. Their actions came after the United States warned that financial institutions expanding the use of Mir or entering into new agreements risked running afoul of American sanctions against Russia.
Nevertheless, Turkish marinas continue to service sanctioned Russians and their superyachts.
The warm turquoise waters, secluded beaches and trendy establishments of Turkey’s Mediterranean coast have long made it a popular and convenient destination for Russian yacht owners and charterers during the summer. Local restaurant menus are printed in three languages: Turkish, English and Russian.
In June, the Flying Fox was singled out by the United States as “ blocked property ” and its management company, Imperial Yachts, was also sanctioned. Nevertheless, the Flying Fox has been moored since at least May at Port Azure, a marina in the posh resort town of Göcek. Other superyachts there owned by or linked to sanctioned Russians have been cruising from one postcard-worthy cove to another in the area.
The town’s polluted waters are unsuitable for swimming, an attractive feature for superyacht owners because it keeps away crowds and unwanted publicity. And the vessels can easily steam to pristine waters nearby. If the pampered guests have any unfulfilled needs, small boats roam around the harbor, selling groceries, ice cream, Turkish crepes and even massages.
Port Azure, touted as the first “mega-yacht-only marina” in Turkey, was opened last year by STFA, one of Turkey’s biggest conglomerates. The marina , which prides itself on its website as being a “haven” that makes “problems big and small go away,” has hosted at least eight yachts linked to Russian oligarchs or sanctioned companies this past summer, the Times analysis found.
On June 1, a Turkish yacht broker posted on Instagram a video taken at Port Azure showing a lineup of five yachts collectively worth almost $1 billion, including the Flying Fox; the Lana, recently listed at $1.8 million a week for charter by Imperial; and the Galactica Super Nova, linked to Vagit Alekperov, a sanctioned Putin ally, according to news media reports.
As of Oct. 20 there were at least 13 yachts in Turkey linked to sanctions, the Times analysis found. Of those, four were owned by or linked to sanctioned individuals and nine have recently been offered for charter by Imperial, the sanctioned Monaco-based company.
A spokeswoman for Imperial Yachts said that after the firm was sanctioned in June, its clients terminated their contracts with the company and that it “no longer manages or charters” any of the yachts in Turkish waters.
But until late August, Imperial advertised yachts for charter and for sale on its website, including yachts in Turkish waters. After an inquiry by The Times, the listings were removed from Imperial’s website, which now displays only a notice announcing that the company had been sanctioned. The company spokeswoman said that it had “kept its other pages alive as a reflection of its former brand.”
“During the time that the other website pages were visible, Imperial did not engage in any business engagements,” Imperial said in response to emailed questions.
Roman Abramovich, the most visible Russian oligarch recently seen in Turkey, does not use Imperial Yachts to manage the construction of his opulent yachts or staff them after they are put to sea. Four yachts owned by or linked to Mr. Abramovich, who has been sanctioned by Britain and the European Union, the Times analysis shows, were in Turkey in August.
Should the United States choose, it has tools at its disposal to enforce its sanctions on the Russian oligarchs, even if their vessels are in Turkish waters and even if the Turkish government is unwilling to cooperate, said Daniel Tannebaum, a former sanctions official who served at the U.S. Treasury and the Federal Reserve Bank of New York.
One way, he said, would be to place sanctions on companies that service the oligarchs’ yachts in Turkey — the marinas, caterers and fueling companies. In that case, not just Russian yacht owners but also the many American yacht owners now in Turkish waters would have to take their business elsewhere, while the banks that do business with these companies might close their accounts so as to avoid becoming a target.
Superyachts are a significant source of income for the marinas, as well as other businesses in the area. In one example, Turkish news media outlets reported in April that Mr. Abramovich’s biggest yacht, the 533-foot-long Eclipse, ran up a fuel bill of $1.66 million in the port town of Marmaris. Its tanks took 22 hours to fill.
One of the four superyachts linked to Mr. Abramovich, the 460-foot Solaris, is moored in the Yalıkavak Marina in Bodrum, a trendy resort town in Turkey’s south. While lying idle, it still has 20 crew members who make trips every day to provision it, supply it with water and electricity and dispose of its waste, according to a port employee with direct knowledge of the matter, who spoke anonymously because he wasn’t authorized to speak publicly.
Solaris also receives a truckload of food every week through a catering company, he said, adding: “Twenty cases of asparagus — what would you do with so much asparagus?”
Yalıkavak is Turkey’s most luxurious marina, with stores like Prada, Louis Vuitton and Valentino on a promenade lined with palm trees overlooking the harbor. At least three yachts recently offered for charter by Imperial, the sanctioned management company, and three other yachts owned by or linked to oligarchs moored at Yalıkavak Marina this summer, the Times analysis shows.
In an emailed statement, the marina said that even though Turkey has not adopted sanctions, because it recognizes “international concerns,” the Solaris has been kept outside the marina’s boundaries. As for the vessels associated with Imperial Yachts, the marina said that it did not know, as the summer is “quite a busy time” and that it didn’t have a system in place to check whether an individual yacht might fall under international sanctions.
In August, the Eclipse, one of the yachts linked to Mr. Abramovich, was anchored in the middle of the bay off Göcek, a three-and-a-half-hour drive down the coast from Yalıkavak.
On an early morning in August, Ömer Kırpat, 56, was fishing on the shore in Göcek, sitting under a willow tree overlooking the yachts.
“The bells aren’t jingling,” he said, pointing to the bells attached to his rods to alert him when the fish bite. He showed his bucket with one lone fish inside, explaining that the fish avoid the shore because of pollution and noise from the boats.
Port Azure, the Göcek marina hosting the Flying Fox, was built over the port of a state-owned paper factory where Mr. Kırpat worked for 13 years as a security guard until it was privatized in 2001. He used to go there to swim, fish and have picnics every weekend with other factory workers and their families. “It was sparkly clean,” he said. “We caught the biggest fish there.”
He tried to go into Port Azure last year but was chased away. “We’re banned,” he said. “Soon they won’t even allow us to look inside. It’s heartbreaking.”
Michael Forsythe is a reporter on the investigations team. He was previously a correspondent in Hong Kong, covering the intersection of money and politics in China. He has also worked at Bloomberg News and is a United States Navy veteran. More about Michael Forsythe
Carlotta Gall is a senior correspondent currently covering the war in Ukraine. She previously was Istanbul bureau chief, covered the aftershocks of the Arab Spring from Tunisia, and reported from the Balkans during the war in Kosovo and Serbia, and from Afghanistan and Pakistan after 2001. She was on a team that won a 2009 Pulitzer Prize for reporting from Afghanistan and Pakistan. More about Carlotta Gall
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Russian superyachts find safe haven in Turkey, raising concerns in Washington
PORT AZURE, Turkey – On a hot August evening at a marina on Turkey’s southern coast, the crew of the Flying Fox was hard at work, keeping the 446-foot superyacht immaculate for future guests willing to pay $3 million a week. One crew member leaned over the railing at the stern, wiping the highly polished surface next to the ship’s nameplate. Another was busy with a squeegee, cleaning glass.
The Flying Fox, the world’s biggest yacht available for charter, played host last year to Beyoncé and Jay-Z, who skipped the Met Gala in New York to cruise the Mediterranean and enjoy the vessel’s over-the-top amenities: a 4,300-square-foot wellness center with a Turkish bath and a fully equipped beauty spa, among many others.
Then Russia invaded Ukraine. Since then, the Flying Fox has been caught up in the dragnet of international sanctions designed to hobble the lifestyles of the oligarchs who help sustain Russian President Vladimir Putin’s rule.
Yet, while some superyachts owned by or linked to Russian oligarchs facing sanctions have been seized in ports around the world, the Flying Fox and others caught up in the broader Russia penalties have found safe haven in Turkey, the only NATO member not to impose sanctions on Russia.
The flotilla of Russian superyachts in Turkish waters is raising tensions with the United States, which sees Turkey’s welcoming of the vessels as a symptom of the much larger problem: Russia’s access to Turkey’s financial system, potentially undermining Western sanctions.
Turkey’s strongman leader, President Recep Tayyip Erdogan, who has criticized Western sanctions against Russia, said in March that Turkey could not impose sanctions because of its energy needs and industry deals. “There is nothing to be done there,” he said.
In all, at least 32 yachts tied to oligarchs and sanctioned entities have sheltered in the country’s waters in recent months, able to move about or moor in its picturesque coves and bays without fear of seizure, according to a New York Times analysis. Ownership records of superyachts for the ultrawealthy are notorious for being hidden behind layers of shell companies. The Times analysis was constructed with news accounts linking Russian oligarchs to particular yachts that were then matched with vessel positions available on commercial sites such as MarineTraffic. In many instances, the yachts were spotted in Turkish waters by a Times reporter.
On Aug. 19, the Treasury Department issued a statement saying that the deputy treasury secretary, Wally Adeyemo, had told a Turkish official that the United States was concerned about Russians using Turkey to evade sanctions.
Three days later, Adeyemo sent a letter to Turkish business groups warning of penalties if they worked with Russian individuals or entities facing sanctions. Turkish banks, he added, risked losing vital correspondent relationships with global banks – and even access to the US dollar – if they did business with sanctioned Russian banks.
In September, several Turkish banks stopped accepting the Mir payment system – the Russian equivalent of Visa or Mastercard. Their actions came after the United States warned that financial institutions expanding the use of Mir or entering into new agreements risked running afoul of US sanctions against Russia.
Nevertheless, Turkish marinas continue to service sanctioned Russians and their superyachts.
The warm turquoise waters, secluded beaches and trendy establishments of Turkey’s Mediterranean coast have long made it a popular and convenient destination for Russian yacht owners and charterers during the summer. Local restaurant menus are printed in three languages: Turkish, English and Russian.
In June, the Flying Fox was singled out by the United States as “blocked property,” and its management company, Imperial Yachts, was also sanctioned. Nevertheless, the Flying Fox has been moored since at least May at Port Azure, a marina in the posh resort town of Göcek. Other superyachts there owned by or linked to sanctioned Russians have been cruising from one postcard-worthy cove to another in the area.
The town’s polluted waters are unsuitable for swimming, an attractive feature for superyacht owners because it keeps away crowds and unwanted publicity. And the vessels can easily steam to pristine waters nearby. If the pampered guests have any unfulfilled needs, small boats roam around the harbor, selling groceries, ice cream, Turkish crepes and even massages.
Port Azure, touted as the first “mega-yacht-only marina” in Turkey, was opened last year by STFA, one of Turkey’s biggest conglomerates. The marina, which prides itself on its website as being a “haven” that makes “problems big and small go away,” has hosted at least eight yachts linked to Russian oligarchs or sanctioned companies this past summer, the Times analysis found.
On June 1, a Turkish yacht broker posted on Instagram a video taken at Port Azure showing a lineup of five yachts collectively worth almost $1 billion, including the Flying Fox; the Lana, recently listed at $1.8 million a week for charter by Imperial; and the Galactica Super Nova, linked to Vagit Alekperov, a sanctioned Putin ally, according to news media reports.
As of Oct. 20 there were at least 13 yachts in Turkey linked to sanctions, the Times analysis found. Of those, four were owned by or linked to sanctioned individuals, and nine have recently been offered for charter by Imperial, the sanctioned Monaco-based company.
A spokesperson for Imperial Yachts said that after the firm was sanctioned in June, its clients terminated their contracts with the company and that it “no longer manages or charters” any of the yachts in Turkish waters.
But until late August, Imperial advertised yachts for charter and for sale on its website, including yachts in Turkish waters. After an inquiry by the Times, the listings were removed from Imperial’s website, which now displays only a notice announcing that the company had been sanctioned. The company spokesperson said that it had “kept its other pages alive as a reflection of its former brand.”
“During the time that the other website pages were visible, Imperial did not engage in any business engagements,” Imperial said in response to emailed questions.
Roman Abramovich, the most visible Russian oligarch recently seen in Turkey, does not use Imperial Yachts to manage the construction of his opulent yachts or staff them after they are put to sea. Four yachts owned by or linked to Abramovich, who has been sanctioned by Britain and the European Union, the Times analysis shows, were in Turkey in August.
Should the United States choose, it has tools at its disposal to enforce its sanctions on the Russian oligarchs, even if their vessels are in Turkish waters and even if the Turkish government is unwilling to cooperate, said Daniel Tannebaum, a former sanctions official who served at the US Treasury and the Federal Reserve Bank of New York.
One way, he said, would be to place sanctions on companies that service the oligarchs’ yachts in Turkey – the marinas, caterers and fueling companies. In that case, not just Russian yacht owners but also the many American yacht owners now in Turkish waters would have to take their business elsewhere, while the banks that do business with these companies might close their accounts so as to avoid becoming a target.
Superyachts are a significant source of income for the marinas, as well as other businesses in the area. In one example, Turkish news media outlets reported in April that Abramovich’s biggest yacht, the 533-foot-long Eclipse, ran up a fuel bill of $1.66 million in the port town of Marmaris. Its tanks took 22 hours to fill.
One of the four superyachts linked to Abramovich, the 460-foot Solaris, is moored in the Yalıkavak Marina in Bodrum, a trendy resort town in Turkey’s south. While lying idle, it still has 20 crew members who make trips every day to provision it, supply it with water and electricity, and dispose of its waste, according to a port employee with direct knowledge of the matter, who spoke anonymously because he wasn’t authorized to speak publicly.
Solaris also receives a truckload of food every week through a catering company, he said, adding: “Twenty cases of asparagus – what would you do with so much asparagus?”
Yalıkavak is Turkey’s most luxurious marina, with stores like Prada, Louis Vuitton and Valentino on a promenade lined with palm trees overlooking the harbor. At least three yachts recently offered for charter by Imperial, the sanctioned management company, and three other yachts owned by or linked to oligarchs moored at Yalıkavak Marina this summer, the Times analysis shows.
In an emailed statement, the marina said that even though Turkey has not adopted sanctions, because it recognizes “international concerns,” the Solaris has been kept outside the marina’s boundaries. As for the vessels associated with Imperial Yachts, the marina said that it did not know, as the summer is “quite a busy time” and that it didn’t have a system in place to check whether an individual yacht might fall under international sanctions.
In August, the Eclipse, one of the yachts linked to Abramovich, was anchored in the middle of the bay off Göcek, a 3 1/2-hour drive down the coast from Yalıkavak.
On an early morning in August, Ömer Kırpat, 56, was fishing on the shore in Göcek, sitting under a willow tree overlooking the yachts.
“The bells aren’t jingling,” he said, pointing to the bells attached to his rods to alert him when the fish bite. He showed his bucket with one lone fish inside, explaining that the fish avoid the shore because of pollution and noise from the boats.
Port Azure, the Göcek marina hosting the Flying Fox, was built over the port of a state-owned paper factory where Kırpat worked for 13 years as a security guard until it was privatized in 2001. He used to go there to swim, fish and have picnics every weekend with other factory workers and their families. “It was sparkly clean,” he said. “We caught the biggest fish there.”
He tried to go into Port Azure last year but was chased away. “We’re banned,” he said. “Soon they won’t even allow us to look inside. It’s heartbreaking.”
This article originally appeared in The New York Times .
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A Russian oligarch's 2 superyachts worth a total of more than $1 billion have docked in Turkish ports, avoiding sanctions risks at EU harbors
- Roman Abramovich's $600 million yacht Solaris docked in Bodrum, Turkey, on Monday, per ship-tracking data.
- The oligarch's $700 million superyacht arrived Tuesday in Marmaris, Turkey, Marine Traffic shows.
- Turkey has criticized Western sanctions against Russia, but has also supported Ukraine.
Two superyachts belonging to sanctioned Russian billionaire Roman Abramovich have docked in Turkey, ship-tracking data showed, following weeks of speculation over the vessels' destination amid a crackdown on oligarchs' assets.
Abramovich's $700 million luxury superyacht, Eclipse, arrived in the tourist resort of Marmaris in southwest Turkey, on Tuesday, after cruising around the Greek island of Crete, according to the tracking website Marine Traffic .
The 533-foot vessel had set sail from St. Martin in the Caribbean in late February and had been traveling for 28 days, Marine Traffic showed.
It arrived a day after Abramovich's $600 million superyacht, Solaris , docked in the port of Bodrum in southwest Turkey on Monday, per Marine Traffic data.
The yacht departed from Tivat in Montenegro on March 13, avoiding other destinations in Europe that may have left it vulnerable to EU sanctions, before arriving in Turkey.
After US, UK and EU governments announced sanctions targeting Russian oligarchs, the location and movements of their luxury assets, such as private jets and yachts, have been closely followed.
Governments have seized some vessels at European ports in recent weeks, as governments implement measures designed to pressure the Russian elite and President Vladimir Putin over Moscow's decision to invade Ukraine.
Bodrum has been popular with Russia's wealthy in the past, but the country's ports may also have been chosen due to Turkey's stance on Moscow's decision to invade Ukraine, which potentially leaves oligarchs' assets at less risk of being impounded.
Turkish president Recep Tayyip Erdogan has criticized sanctions levied against Russia, while at the same time supporting Ukraine.
Abramovich was sanctioned by the EU on March 15, meaning his assets have been frozen and he's been barred from doing business there.
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The Chelsea Football Club owner's private jet flew into Istanbul last week, according to flight-tracking website FlightRadar24 . Abramovich was spotted in a VIP lounge at an Israeli airport on March 14 before the jet landed in Istanbul on the same day, Reuters first reported. It then flew back to Moscow on Wednesday, FlightRadar24 showed.
Solaris had been docked in the Barcelona shipyard of the Spanish yacht-maintenance firm MB92 since late 2021. It left Spain on March 8, two days before Abramovich was sanctioned by the UK, and sailed to Tivat in Montenegro on March 12.
NATO member Turkey, which has good relations with both Russia and Ukraine , doesn't want to fall out with Moscow because of its strategic interests — but it also needs to support Ukraine and its NATO allies over any threat to European security.
"We believe that the sanctions will not resolve the problem," Turkish Foreign Minister Mevlut Cavusoglu said last week at a diplomatic forum in Antalya on Sunday, cited by Russian state-owned news agency TASS.
Reuters reported that Erdogan has described the West as a "hindrance" in response to Russia's invasion of Ukraine.
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Here are the superyachts seized from Russian oligarchs
As part of an international pressure campaign on Russia, authorities from around the world have seized more than a half-dozen superyachts belonging to billionaire oligarchs allied with Russian President Vladimir Putin.
The yacht seizures since the Feb. 24 invasion are "just the beginning," White House press secretary Jen Psaki told reporters in March, as an international task force worked to identify further assets that can be seized or frozen.
“The Justice Department will be relentless in our efforts to hold accountable those who facilitate the death and destruction we are witnessing in Ukraine,” U.S. Attorney General Merrick Garland said of the ongoing efforts in May.
Here are the superyachts government officials have seized since Russia invaded Ukraine last month.
The Justice Department announced May 5 that the Fijian government had seized billionaire oligarch Suleiman Kerimov 's 348-foot yacht Amadea. The vessel, which is valued at more than $300 million , arrived in Fiji last month. Kerimov, who's worth an estimated $14 billion and has ties to the Russian government, was sanctioned by the U.S. Treasury Department over alleged money laundering in 2018.
Special features on the sprawling yacht include a helipad, infinity pool, a jacuzzi and multiple bars, according to a report in Boat International . It can accommodate 16 overnight guests in addition to 36 crew members, the report said.
In April, Spanish law-enforcement officials seized a 255-foot yacht called the Tango, which Justice Department says is owned by oligarch Viktor Vekselberg. Vekselberg is an aluminum magnate who the Treasury Department says has close ties to Russian President Vladimir Putin.
The Tango is worth an estimated $90 million, prosecutors said , and Vekselberg allegedly purchased it through shell companies. The 11-year-old yacht has seven staterooms and reportedly includes amenities such as a pool, gym and beauty salon .
Authorities in Italy seized a 215-foot superyacht called the Lady M this month. It's owned by Alexei Mordashov, Russia's richest businessman, and it’s estimated to be worth $27 million . The vessel, which requires a crew of 14, has six guest cabins , a pool and a gym.
But it pales in comparison to another of Mordashov's yachts, the $500 million Nord . The 464-foot vessel, which has two helipads and a waterfall and can accommodate 36 guests, was anchored this month in the Seychelles, where the U.S. and European Union sanctions don’t apply.
Italian officials also seized the 132-foot superyacht Lena, owned by the energy magnate Gennady Timchenko. Estimated to be worth $8 million, it has five cabins and can accommodate 10 guests.
SY A — short for Sailing Yacht A — is one of the world's largest superyachts. Valued at over $440 million, the 469-foot vessel, owned by the fertilizer magnate Andrey Melnichenko, has eight decks, multiple elevators, an underwater observation area and the world's tallest masts . It was seized in the Italian port of Trieste.
Authorities in Spain seized Sergei Chemezov's Valerie, a 279-foot superyacht that had been moored in Barcelona. Chemezov , a former KGB officer, heads the state conglomerate Rostec. Spanish Prime Minister Pedro Sanchez touted the seizure on La Sexta television. “We are talking about a yacht that we estimate is worth $140 million,” Sanchez said.
Officials in France announced this month that they had seized the 289-foot Amore Vero, which was undergoing repairs in a shipyard near Marseille. When they arrived, authorities said, they found the crew preparing for an urgent departure, even though the repair work was scheduled to last through April. The $120 million boat, which has seven cabins , is linked to Igor Sechin, described by the U.S. Treasury Department as a close ally of Putin's.
Dareh Gregorian is a politics reporter for NBC News.
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COMMENTS
The flotilla of Russian superyachts in Turkish waters is raising tensions with the United States, which sees Turkey’s welcoming of the vessels as a symptom of the much larger problem:...
Five luxury yachts owned by Russian oligarchs have sailed to Turkey, avoiding Western sanctions. The $400 million Flying Fox arrived on Sunday after leaving the Dominican Republic on April...
At least five superyachts owned by Russian oligarchs have docked in Turkey since the start of the war in Ukraine, marking an attempt by the nation's ultra-rich to avoid Western sanctions.
A superyacht linked to Roman Abramovich has had to leave a port in Turkey, as Western powers ramp up pressure on Russian oligarchs.
MARMARIS, Turkey, March 22 (Reuters) - A second superyacht linked to Russian billionaire Roman Abramovich docked in a Turkish resort on Tuesday and sources familiar with the discussions said...
Russian oligarchs are mooring their yachts in Turkey and looking for high-end real estate, potentially in a bid to gain Turkish citizenship by investment.
The flotilla of Russian superyachts in Turkish waters is raising tensions with the United States, which sees Turkey’s welcoming of the vessels as a symptom of the much larger problem: Russia’s access to Turkey’s financial system, potentially undermining Western sanctions.
Two superyachts belonging to sanctioned Russian billionaire Roman Abramovich have docked in Turkey, ship-tracking data showed, following weeks of speculation over the vessels' destination amid...
As part of an international pressure campaign on Russia, authorities from around the world have seized more than a half-dozen superyachts belonging to billionaire oligarchs allied with Russian...
ISTANBUL, March 21 (Reuters) - A superyacht linked to Russian billionaire Roman Abramovich docked in the Turkish tourist resort of Bodrum on Monday, after skirting the waters of European...