Maldives shelters sanctioned Russian billionaires’ yachts

Maldives shelters sanctioned Russian billionaires’ yachts

By Alasdair Pal and Mohamed Junayd

MALE (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union’s sanctions list on March 9, his superyacht Motor Yacht A stopped broadcasting its location while in Maldives’ waters, maritime data shows.

In Italy, four days later, authorities seized another of Melnichenko’s vessels – the world’s largest sailing yacht, estimated by Italian financial police to be worth $578 million.

Switching off devices that…


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