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2 superyachts owned by the Russian oligarch Roman Abramovich and worth more than $1 billion combined head east after he’s sanctioned

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Abramovich’s two superyachts are moving eastward after he was sanctioned.

It’s unclear where Solaris and Eclipse, worth a total of more than $1 billion, are sailing.Abramovich’s assets were frozen on Thursday as a part of UK sanctions.

Two superyachts belonging to Roman Abramovich are heading east after the UK hit the billionaire Russian oligarch with sanctions on Thursday.

Among the sanctions imposed on Abramovich, the UK government said, was the freezing of his assets, meaning his yachts and private jets are at risk of seizure.

Abramovich’s 460-foot vessel, Solaris, was just off the east coast of Italy on Friday, according to the ship-tracking site MarineTraffic. It had left a shipyard in Barcelona, Spain, on Tuesday, where it had been docked since late 2021 for repairs, Reuters reported.

It’s unclear where Solaris is sailing. MarineTraffic says the destination of its port isn’t recognized. Solaris has a price tag of $600 million, according to SuperYacht Fan.

Meanwhile, Abramovich’s 533-foot yacht, Eclipse, has been cruising eastward from St. Martin in the Caribbean since February 21, MarineTraffic data shows. The boat, which costs $700 million according to SuperYacht Fan, was near the west coast of Africa on Friday, MarineTraffic said.

There is also no destination port for Eclipse listed on MarineTraffic’s website, so it’s unclear where the superyacht is going to dock next.

After the invasion of Ukraine, sanctioned Russian oligarchs such as Abramovich have sought to move their yachtsandprivate jets across the world in an attempt to protect their assets.

Abramovich, who Bloomberg estimates has a net worth of $13.7 billion, is the owner of Chelsea FC. He had announced last week that he was selling the club, but the UK’s sanctions mean he can’t go ahead with the sale.

See also  Ghana not the only country in difficulty; rising crude prices means fuel prices will go up – Akufo-Addo

Source :africa.businessinsider.com | Kate Duffy

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