Yacht justice: A new front in the war drags Russia’s oligarchs into the spotlight

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Moves against certain super-wealthy Russians have emerged as a popular sideshow to an ugly war.

By gross tonnage, Dilbar is the largest yacht on the planet, according to Boat International, and No. 5 in length. On board is a diesel electric power plant, a 48,000-gallon swimming pool, two helipads, 12 state rooms and accommodations for 96 crew members running a maritime operation that costs $60 million a year.

“Oligarchs be warned: We will use every tool to freeze and seize your criminal proceeds,” Deputy Attorney General Lisa O. Monaco said last week as the Department of Justice announced the deployment of an interagency enforcement posse called “Task Force KleptoCapture.” that the ship was merely locked in place and that sanctions had triggered the firing of the entire crew.saying that the European Union’s “unfair” sanctions are based on “false and defamatory allegations damaging my honor, dignity, and business reputation. I will use all legal means to protect my honor and reputation.”For now, Dilbar is an opulent casualty in an economic war of attrition aimed at turning Putin’s inner circle into a noose.

has been tracking superyachts for book research — and, now, for sport. Using public websites that post their movements, she has watched some vessels leave European waters for the Seychelles, the Maldives and ports not covered by extradition agreements and tax constraints. Some vessels’ automatic identification systems have been switched off to mask the ships’ locations. On her strolls through the city, she was accustomed to seeing Dilbar, a behemoth barnacled to the coast of the Mediterranean.

The word “oligarchy,” from the Greek, means rule by a few. In the context of modern Russia, “oligarch” is an informal, catchall term for wealthy elite with ties to Putin. The past quarter century has seen “They are quite a talented bunch of people,” says Vladimir Ashurkov, the executive director of the Anti-Corruption Foundation, which was founded by Kremlin critic Alexei Navalny. “They probably would’ve thrived under any circumstances, in a Western entrepreneurial climate. ... These people could’ve been building Russian Teslas and, you know, Facebooks of Russia. But they decided to employ their talents in getting crooked income.

 

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Just laughing... Western oligarchs exposing the 'crimes' of Russian oligarchs... When does WWIII start? I want to die while I'm laughing...

About time 😡

Crime: compete with US oligarchs in the energy market

Confiscation of all property of Russian oligarchs abroad! As it came, so it went! The money with which they bought yachts for themselves is money obtained illegally!

putlercaput

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Rich people stealing other rich people's superyachts, all breathlessly reported by media owned by rich people while the poor literally die -- welcome to the future.

The US should issue letters of marque and let the piracy begin!🏴‍☠️🏴‍☠️

Close the sky Over Ukraine. Cave innocent people and children that Putin kills every day. Why NATO just looking? What a point to have all your power if you are afraid of one little dictator? ClosetheSkyoverUkraine RussiaUkraineWar NATO

Now here's a thought. Why not put the oligarchs' seized assets towards the rebuilding of Ukraine? Legal? AshaRangappa_

Can you spot the helicopter in that monstrosity? It's obscene.

پیارے مہربان دوست، برائے مہربانی غریب بچے کی طبی علاج کے لیے مدد کریں تاکہ انسانی ہمدردی کی بنیاد پر اس کی جان بچائی جا سکے، ایک ایسی دنیا جس کی سڑک پر غریب بچہ ہے ناکام دنیا ہے، براہ کرم DBS بینک، نیٹ بینکنگ، A/C 881008991106، بینک کوڈ IFSC کو عطیہ کریں۔ DBSSOIN0811، انڈیا، 🙏🙏

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