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Roman Abramovich’s superyacht leaves Turkish port run by UK-listed firm

Russian oligarch’s vessel departed after Global Ports Holding was pressed to act over UK sanctions

Roman Abramovich’s $600m (£458m) superyacht Solaris has left a port in Turkey after the London-based company that operates the terminal which had been harbouring the oligarch’s yacht was pressed to act.

Solaris, which is 140 metres long and has a helipad and swimming pool, left Bodrum Cruise Port on Monday. It is now at anchor off Yalikavak beach in south-western Turkey, according to the shipping data service Marine Traffic .

Pressure had been building for Global Ports Holding (GPH), the Mayfair-headquartered company that runs Bodrum Cruise Port, to refuse services to Solaris.

Legal experts had said the London-listed company was taking “a very big risk” by allowing a superyacht owned by a sanctioned individual to use one of its ports. The Bodrum port is one of 22 terminals run by the firm.

Abramovich, the owner of Chelsea Football Club, is one of several Russian billionaires hit by UK sanctions last month as part of the government’s efforts to put pressure on Vladimir Putin to end the invasion of Ukraine. Liz Truss, the foreign secretary, described the sanctioned individuals as having “the blood of the Ukrainian people on their hands”.

A spokesperson for Global Ports Holding declined to comment on why Solaris had left the port.

In a statement on Sunday, the company said it did not have “any power to accept or reject any ship or yacht” from the port but it had taken the decision to “not receive any service fee or other payments concerning the berthing of this superyacht”.

“Global Ports Holding plc notes recent press speculation regarding the berthing at Bodrum Yolcu Liman İşletmeleri AŞ (Bodrum Cruise Port), Turkey, of a superyacht, allegedly owned by a designated person subject to sanctions imposed by the UK government,” GPH said .

“As a private terminal operator in Turkey , GPH merely operates Bodrum Cruise Port as the concessionaire and is not involved in granting permission for a ship or a yacht to dock at the port. This responsibility and decision sit with the Turkish authorities, and as concessionaire, GPH must comply with such a decision as long as the decision is legal under the applicable laws.

“However, and notwithstanding the difficulties of any party to correctly identify the actual ownership of such assets, GPH has not and will not receive any service fee or other payments concerning the berthing of this superyacht at Bodrum Cruise Port.”

The company said the berthing of Solaris did not breach UK sanction laws because “the alleged offence has taken place at a port outside the United Kingdom where GPH does not have any ownership or any power to accept or reject any ship or yacht pursuant to the applicable laws”.

Solaris arrived at Bodrum Cruise Port on 22 March after hurriedly leaving a port in Barcelona , where it was undergoing repairs, as EU countries began seizing sanctioned individuals’ assets.

Ukrainian protesters tried to stop Solaris mooring at the port. Members of the Optimist Sailing Team Ukraine confronted the vessel in a small boat, chanting “No war in Ukraine” and waving the country’s flag. They were part of a junior sailing team that was in Turkey to compete in an annual competition, having left Ukraine before the invasion.

Turkey has refused to impose sanctions on Russians, despite the UK, US and EU uniting to restrict oligarchs believed to have benefited from close relationships with Putin. The Turkish foreign minister, Mevlüt Çavuşoğlu, said the oligarchs were “of course” welcome and could do business in Turkey according to international law.

Another, even larger, superyacht owned by Abramovich is moored in Turkey. Eclipse, which at 162.5 metres is believed to be the world’s second largest superyacht, arrived at the port of Marmaris on 22 March.

Reports suggest that Abramovich owns as many as five superyachts worth more than $1bn (£762m) in total. Another yacht linked to the billionaire, Garcon, is now berthed in Antigua.

The Antiguan government has asked for the UK’s assistance to seize the vessel. Ronald Sanders, the country’s ambassador to the US, told Reuters: “We’ve said that we’re quite happy to cooperate, but under the rule of law. The only way we can [seize the vessel] is if the British, in their mutual legal assistance treaty request, establish that this is a person they want because he has committed some crime.”

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Roman Abramovich's $600 million superyacht was spotted anchored in Montenegro days after the UK imposed sanctions on the oligarch, report says

Abramovich's superyacht has been spotted anchored off the coast of Tivat, Montenegro.

It arrived in the port just before 8 a.m. UK time, according to The Daily Mail.

The 460-foot vessel that left Spain two days before UK sanctions hit, is worth $600 million.

Solaris, a superyacht belonging to Roman Abramovich, was spotted anchored in Montenegro on Saturday morning.

The Daily Mail first reported the news .

Abramovich, an oligarch who owns Chelsea FC, has joined other Russian billionaires in moving his assets around the world in an attempt to prevent them from being seized.

His 460-foot vessel left a Spanish shipyard on Tuesday, where it had been docked since late 2021 for repairs, Insider's Kate Duffy reported .

The yacht, which is worth $600 million, according to SuperYacht Fan , was spotted off the coast of Tivat in Montenegro on Saturday just before 8 a.m. local time.

In the early hours of Saturday, the ship-tracking site MarineTraffic showed that Solaris was heading around Sicily and into the Ionian Sea.

BCM Group, the port agents in Tivat, did not immediately respond to Insider's request for comment made outside of normal working hours.

Montenegro is not an EU member yet. However, the Turkish news agency Anadolu Agency reported earlier this month that Montenegro had joined the EU's sanctions on Russia.

The US and EU continue to take further steps to isolate Russia from the rest of the world. This includes banning exports of luxury goods to Russia.

Abramovich, ranked as the eighth richest man in Russia, is worth more than $11 billion. He holds stakes in the Russian steel company Evraz – 28.64% per SkyNews – and Norilsk Nickel.

Read the original article on Business Insider

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Roman abramovich’s $600m superyacht leaves turkish port as scrutiny mounts.

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Roman Abramovich’s $600 million superyacht Solaris has left the port of Bodrum in Turkey – relocating as the sanctioned Russian oligarch’s fleet of luxury vessels comes under increased scrutiny from Western officials.

As of Monday morning, the Solaris was anchored off Yalikavak beach near the southwestern coast of Turkey in the Aegean Sea, according to location data from Marine Traffic . The ship was initially reported to have left Bodrum Cruise Port for a “scenic cruise” before its crew dropped anchor.

The Solaris and another of Abramovich’s superyachts, the Eclipse, have lingered in or near Turkish ports for the last two weeks. The Eclipse is located in the Turkish port of Marmaris.

The vessels have avoided European ports in the days since the United Kingdom and European Union levied sanctions against Abramovich over his ties to the Kremlin in response to the invasion of Ukraine.

The Solaris’ departure from the Turkish port occurred after Global Ports Holding, which operates Bodrum Cruise Port and is listed on the London Stock Exchange, faced pressure to deny service to the yacht due to its ties to Abramovich.

On Sunday, Global Ports Holding said it lacked the authority to reject the Solaris, but noted it would not accept berthing fees while the boat was at port.

“This responsibility and decision sit with the Turkish Authorities, and as concessionaire, GPH must comply with such a decision as long as the decision is legal under the applicable laws,” the company said in a statement.

“However, and notwithstanding the difficulties of any party to correctly identify the actual ownership of such assets, GPH has not and will not receive any service fee or other payments concerning the berthing of this superyacht at Bodrum Cruise Port,” the statement added.

Global Ports Holding’s announcement could have been an attempt to shield itself from liability for potential sanctions violations, according to the Financial Times , which first reported on the statement.

While Abramovich’s two largest superyachts, the $600 million Solaris and the $700 million Eclipse, have drawn the most public scrutiny, a report last week revealed his fleet was more extensive than previously known.

British authorities have determined Abramovich owns the yachts Halo and Garçon, which drew scrutiny while docked in Antigua but were only recently determined to be owned by the oligarch. Government officials in Antigua said they would cooperate with efforts to detain and seize the vessels if requested.

The Financial Times noted Abramovich may still own a fifth yacht, the $11 million Sussurro, despite previous reports that he gifted the boat to his ex-wife in a divorce settlement.

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Russian Oligarch Roman Abramovich’s Two Superyachts Are Sailing Towards Each Other in the Mediterranean

Ship tracking platforms show that the billionaire’s yachts "eclipse" and "solaris" are relocating to the mediterranean, with no port destination specified., emma reynolds, emma reynolds's most recent stories.

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Russian oligarch and billionaire Roman Abramovich is on the move—and so are his superyachts.

After being slapped with sanctions in response to Russia ’s invasion of Ukraine, the billionaire was last seen on March 14 at an airport in Israel, where he has dual citizenship, according to Reuters .

Abramovich, who is currently worth an estimated $7.1 billion, according to Forbes , appears to be moving his yachts to safer waters. His 533-foot superyacht Eclipse , normally anchored year-round in the Caribbean, has been sailing east towards the Mediterranean since February 21, according to global ship tracking platform MarineTraffic. As of Wednesday, the ship is located off the coast of Algeria and is still sailing east with no port destination specified. The yacht, estimated to be worth over $600 million, is one of the largest and most expensive in the world , and seems to be cruising towards Abramovich’s other yacht, Solaris , in the Ionian Sea.

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Roman Abramovich’s “Solaris” superyacht.  Courtesy of Lloyd Werft

The 461-foot Solaris  is currently located in the Ionian Sea off the western coast of Greece and heading south. Solaris was most recently at a port in Barcelona, where it had reportedly been receiving repairs since late 2021 . The ship left without declaring a destination. However, it’s possible both Solaris and Eclipse are heading towards each other and are even eyeing ports in Israel where Abramovich is considered safe from sanctions.

Though a long-time ally of Russian President Vladimir Putin, Abramovich has denied having close ties to the Kremlin. This hasn’t stopped dozens of nations, including the US, UK and several EU countries, from implementing sanctions and asset freezes on the oligarch. The sanctions are part of a concerted multinational effort to pressure Russia’s wealthiest and most powerful individuals to help bring Russia’s war on Ukraine to an end.

Perhaps sensing the economic pressures to come, Abramovich made headlines just days after the Ukraine invasion for stating his intention to sell his beloved Chelsea Football Club in London for $2.5 billion. The billionaire said all proceeds would benefit Ukrainian refugees and “victims of the war,” which, notably, may also include Russian soldiers.

Russian oligarch and Chelsea Football Club owner Roman Abramovich appears to be seeking cover from international sanctions in Israel, where he has dual citizenship.  Associated Press

Russians own up to 10 percent of the world’s megayachts, so Abramovich is just one of many Russian billionaires who are moving their assets to avoid seizure by international authorities. This week, Italian police seized Russian oligarch Andrey Melnichenko’s 486-foot Sailing Yacht A, and earlier this month, France impounded the yacht Amore Vero , owned by Russian oil billionaire Igor Sechin. Other Russian billionaires have had their yachts impounded in other EU countries.

This isn’t the first time Russian oligarchs’ whereabouts have been made public. Florida teen Jack Sweeney, who once tracked Elon Musk’s jet, created a Twitter account —@RUOligarchJets—dedicated to tracking the private jets of Russian oligarchs, which is updated daily.

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Roman Abramovich’s $1bn five-yacht fleet revealed

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Russian oligarch Roman Abramovich owns or is linked to a collection of five yachts estimated to be worth almost $1bn, including several vessels whose ownership remained secret until this week.

A Financial Times investigation into the billionaire’s assets has lifted the veil of secrecy he maintains over his wealth, even after the UK and EU imposed sanctions on him following Russia’s invasion of Ukraine for his allegedly close relationship with President Vladimir Putin.

Authorities in the UK and EU are attempting to identify all of the assets owned by sanctioned oligarchs. Abramovich was already widely reported to be the owner of Solaris and Eclipse — worth $474mn and $437mn, respectively, according to yacht data service VesselsValue. But the FT revealed this week that he also owns Halo and Garçon, which are both moored in Antigua.

The Antiguan government was unaware of the ownership of the boats docked on the island before inquiries from the FT, highlighting the scale of the challenge UK and EU authorities face in enforcing sanctions.

Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute think-tank said governments, banks and other institutions trying to enforce sanctions had to navigate a world where “ownership trails run cold and morph into a haze of front companies, nominees and cut-outs”.

Halo and Garçon are valued at $38mn and $20mn, respectively, and are now at risk of being seized.

In a letter to the British high commissioner to Barbados regarding the yachts, Antiguan minister of foreign affairs Paul Chet Greene said the island would “provide full assistance to the government of the United Kingdom” if it receives a request under the two nations’ Mutual Legal Assistance Treaty.

The letter noted that Antigua had requested information on the company that owns the two boats — British Virgin Islands-registered Wenham Overseas Limited — after “persistent allegations by the Financial Times that the vessels could be owned by Mr Roman Abramovich”.

In response, the British high commission provided Antiguan authorities with a letter, seen by the FT, “from the Financial Investigation Agency of the British Virgin Islands which states the beneficial owner of Wenham Overseas Ltd is Roman Abramovich”.

The letter also shows the billionaire’s address in Switzerland is listed simply as “Immeuble, Gatzby Le Magnifique”, which translates as “The Great Gatsby Building”.

Keatinge described the UK’s ability to demand full ownership information of companies registered in any of its overseas territories or crown dependencies as its “most powerful global weapon” in combating financial secrecy.

However, he asked: “How much is that weapon being used?”

A person with knowledge of Abramovich’s boat collection and documents seen by the FT indicate that the oligarch may also still be the owner of Sussurro, the first yacht he bought in 1998, despite reports he had given it to an ex-wife in a divorce.

The person who correctly identified the two yachts in Antigua as belonging to Abramovich told the FT the oligarch still owned Sussurro.

The vessel’s owner is listed in maritime registers as Vesuvius International Limited in the British Virgin Islands. BVI documents show this company was deregistered there in 2017. Another Vesuvius International was registered in Jersey the same year.

The owner of Jersey-based Vesuvius International is listed as Wotton Overseas Holdings Limited. This entity — which shifted from the BVI to Jersey in 2017 — is also the owner through a subsidiary of a helicopter that has been photographed landing on Abramovich’s Solaris several times.

Maritime tracking services show Sussurro, which means “whisper” in Italian and is valued at $11mn, is moored in La Ciotat in the south of France — the same port where the French government last month seized a $116mn superyacht belonging to a company tied to Igor Sechin, head of Russian oil group Rosneft.

Sussurro’s management company is Blue Ocean Management, a Cyprus-based company that also manages Le Grand Bleu, a 113-metre superyacht that Abramovich reportedly gave to his business associate Eugene Shvidler.

The UK placed Shvidler under sanctions last week.

The letter from the BVI’s financial investigation agency to its British counterparts also reveals that the owner of Le Grand Blue — Ashchurch Holdings Limited — is owned by “Zarui Shvidler”. Shvidler’s wife is commonly known as Zara Shvidler.

VesselsValue pegged Le Grand Bleu’s market value in a range of $110mn-$130mn, noting that the boat had last been tracked this week in the Caribbean Sea off the coast of Puerto Rico.

Representatives for Abramovich and Shvidler did not respond to requests for comment.

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Map reveals where Roman Abramovich’s superyachts are sailing as Chelsea owner has assets frozen by UK Government

• Claudia Aoraha
• Published : 20:13, 11 Mar 2022
• Updated : 20:55, 11 Mar 2022

THIS is where Roman Abramovich's multimillion-pound superyachts are currently sailing as the Chelsea owner has had his assets frozen by the UK government.

Abramovich used to own an entire fleet of decked-out boats- but now he has just two superyachts, which are currently on the move.

Solaris, which was built for the billionaire in 2021, is 458ft long - and it's taller than Buckingham Palace.

It was docked in Barcelona while receiving repairs until earlier this week when it was put to sea amid the seizures of other billionaires' yachts.

The £430million vessel was most recently tracked off the coast of Lecce, in Southern Italy, after leaving Spain.

Abramovich's superyacht joined a scramble of Russian-owned vessels hastily leaving European ports on Wednesday.

The boat has several swimming pools and an outdoor beach club - as well as a helipad for landings.

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And it's the most costly custom-made superyacht ever built - as it boasts eight decks, space for 36 guests and 48 cabins.

Abramovich's second superyacht, Eclipse, was also seen in the waters this week.

The 533ft mega-yacht was previously the world's largest privately-owned boat.

It was docked in the Caribbean island of St Maarten until a few weeks ago - when the £448million boat set off.

And the superyacht, which is now known as "the $1.5billion yacht" has now been spotted off the west coast of Morocco.

It was built in 2010 and its interior is kitted out by Terence Disdale - boasting a private cinema, aquarium, and a nightclub.

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Abramovich had all of his assets frozen by the UK government on Thursday, with the club banned from selling tickets to home or away fans.

Yesterday, Abramovich has been given 81 days to sell Chelsea - or risk the club folding.

An astonishing day saw the Government effectively take control of the Blues after the Russian billionaire was  placed on the UK sanctions list .

As shirt sponsors Three  suspended their £40m contract ,  Chelsea  were facing a further potential near-£66m financial black hole with their Premier League and Uefa prize money likely to be withheld.

And it emerged that the 'licence' that will allow the club to play on to the end of the season will NOT be renewed unless Abramovich agrees a sale - and walks away without a PENNY.

Chelsea have been told that a deal must be agreed before the licence runs out on May 31 to guarantee the survival of the club as a functioning entity.

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One of Russian oligarch Roman Abramovich’s more ‘modest’ superyachts changed ownership on the same day Russia invaded Ukraine

• A yacht linked to oligarch Roman Abramovich changed hands hours after Russia invaded Ukraine. 
• Abramovich appears to have transferred it to his associate, David Davidovich, The Guardian reported .
• At 164 feet, the Aquamarine is modest compared to Abramovich's 536-foot Eclipse and 460-foot Solaris.

On February 24, the day that Russia invaded Ukraine, a $40.3 million superyacht named the Aquamarine changed owners, according to an investigation  The Guardian published Friday.

Based on public records, Roman Abramovich transferred ownership of the Aquamarine to an associate, the businessman David Davidovich, the outlet reported. 

Forbes has called Davidovich "Abramovich's much lower-profile right-hand man."

The Guardian tracked the yacht's apparent ownership swap through two companies, MHC Jersey Ltd, which is registered in New Jersey, and an entity called Norma Investments, which is listed in the British Virgin Islands. 

Abramovich was thought to be in charge of Norma Investments, but mere hours after Russia attacked Ukraine, Davidovich became the owner, per securities filings previously reported by the Wall Street Journal .

The Guardian reported that Norma Investments is the only listed shareholder in MHC Jersey Ltd, per New Jersey public records. MHC Jersey Ltd is also the owner of the Aquamarine yacht, per MarineTraffic. 

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The Aquamarine is currently dry-docked Vlissingen, a port in the Netherlands, and while Dutch authorities seized 14 yachts on Wednesday , representatives declined to comment to The Guardian if the Aquamarine was among them.  

Compared to Abramovich's megayachts, the Eclipse and the Solaris, the Aquamarine is modest: it comes in at 164 feet. The Eclipse is 536 feet , and the Solaris is 460 feet .

The $600 million Solaris and the $700 million Eclipse are docked in Turkey , and two other yachts are in the Caribbean . All appear to be on the run from sanctions.

The UK, EU, and Canada have sanctioned Abramovich, but Ukrainian President Volodymyr Zelenskyy asked the US not to sanction him, saying that Abramovich could potentially be a peace negotiator, the Wall Street Journal reported . He has reportedly assisted with prisoner exchanges and escape routes .

Davidovich told The Guardian in a statement that he could "confirm that I am the owner of MHC Jersey Ltd and the Aquamarine yacht," as well as the majority owner in Norma Investments, and said he did not think the Aquamarine was subject to sanctions.

Representatives for Abramovich told The Guardian that he is not the ultimate beneficiary of MHC Jersey.

The Aquamarine is currently moored for repairs at Damen Shiprepair, where an anonymous source told the Guardian it was "generally understood that it had been Abramovich's yacht," the outlet reported. 

The source added that the vessel went into Damen in November 2021 but that no one but its existing crew has worked on it since March 10, when Abramovich was sanctioned by the UK.

In addition to his status as a Russian oligarch , Abramovich is known as the owner of Chelsea FC, the English Premier League soccer team, which he bought in 2003. Last month, he announced plans to sell the club amid sanctions, apparently for $2.5 billion, the New York Times reported.

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