The Financial Times revealed on Friday that Russian oligarch Roman Abramovich owns or is associated with a group of five yachts estimated to be worth nearly $1 billion, including three that are not yet known.

The UK and EU authorities are trying to identify all the assets of the oligarchs who are under sanctions because of their ties to Russian President Vladimir Putin. As he writes, “The Financial Times has previously indicated that Abramovich is the owner of two luxury yachts, the Solaris and the Eclipse, which, according to VesselsValue, are worth $474 million and $437 million respectively, although the newspaper found, that he He also owns two yachts moored in Antigua – “Halo” and “Garcon”.

These yachts are valued at $38 million and $20 million, respectively. Both are formally affiliated with Wenham Overseas Limited, which is incorporated in the British Virgin Islands, and as specified by “FT” belong to Abramovich. The Financial Times reveals that the Antigua government did not know who owned the yachts, which illustrates, he says, the scale of the challenge facing the UK and EU authorities in imposing sanctions.

Moreover, as the Financial Times writes, the oligarch may also own Sosoro, his first yacht – in 1998 – despite reports that he gave it to his ex-wife as part of a divorce agreement. The person who correctly identified the two yachts in Antigua as belonging to Abramovich, told the Financial Times that the oligarch still owns the Sosoro. This yacht is valued at approximately US$11 million and is currently docked in the port of La Ciotat in southern France. (PAP)

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