Russian oligarchs have been looking for ways to park their money outside Vladimir Putin’s control for a long time, and the tackiest method available to them is the megayacht — so obviously, there are a lot of them. It is remarkably satisfying to see the yachts get seized.
An expensive toy for worthless people, the megayacht is the epitome of conspicuous consumption. For instance, the Amore Vero, linked to Rosneft CEO Igor “Darth Vader” Sechin, has a swimming pool that converts to a helicopter platform. This boat exists only to please Sechin and impress his guests; it has a similar relationship to regular boats as handmade silk toilet paper does to Charmin.
Here is a short and delightful list of megayacht action:
“I just want to explain to you so that you wouldn’t be jealous. I bought everything I own, including my wonderful boat and the airplane. Because I live in happiness, [Navalny], unlike you.”-Oligarch Usmanov, a few years agoToday: yacht got seized. pic.twitter.com/Rql8LUkJQn— John Scott-Railton (@jsrailton) March 2, 2022
Italy’s financial police (@GDF) has just frozen “SY A” - a sailing yacht worth ~€530m located in the Port of Trieste. The yacht could be linked indirectly to Andrey Igorevich Melnichenko - an individual in the EU sanctions list. pic.twitter.com/fRg6ZTIQRH— Ferdinando Giugliano (@FerdiGiugliano) March 12, 2022
Italy’s police has just seized “Lady M Yacht” - a €65m yacht belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) - in compliance with the recent EU sanctions. pic.twitter.com/8NzqkXH7lE— Ferdinando Giugliano (@FerdiGiugliano) March 4, 2022