Sanctions Update – Superyachts

Summary:

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A wide range of sanctions has been issued following the recent invasion of Ukraine by Russia Individuals with ties to the Russian regime are being added to EU and OFAC sanctions lists. Their assets are being frozen or are in the process of being frozen.

There are more than 100 superyachts that have ties with Russian interests or fly the Russian flag, which may fall under the rapidly increasing sanctions imposed by US – OFAC, UK – OFSI, EU, and other countries.

The aggregated value of the Russia connected yachts exceeds US $12Bn.

Skytek has mapped the superyachts of the highest value and can provide a full list in detail, recording their location and alerts when calling at a port or country of interest.