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Reuters
Reuters
Business
Alasdair Pal and Mohamed Junayd

Maldives shelters sanctioned Russian billionaires' yachts

FILE PHOTO: MySky superyacht owned by Russia's Igor Kesaev is seen in the waters of the Indian Ocean near Male, Maldives, March 4, 2022. REUTERS/Dhahau Naseem/File Photo

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.

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