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Abramovich yachts heading to the Mediterranean in the face of new sanctions

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(Bloomberg) — Roman Abramovich’s superyachts are on the move as the European Union is about to add the Russian billionaire’s name to its sanction list.

The 458-foot Solaris departed Montenegro on Monday and is currently heading south off the coast of Albania. Her other yacht, the 533-foot Eclipse, is located north of Algeria, traveling east after a transatlantic crossing.

The European Union sanctions revealed Tuesday include the 55-year-old billionaire, according to documents seen by Bloomberg and people familiar with the matter. While that list may have changed, a diplomat quoted by Reuters said Abramovich’s inclusion “will be approved.” The bloc has yet to publish the full details in its official journal.

These measures come on the heels of similar sanctions imposed on Abramovich by the UK last week. Montenegro, while not a member of the EU, has previously said it would abide by the bloc’s decrees, which has led to the blockade of Russian-controlled ships lured into the EU.

Authorities across Europe have stepped up their campaign against tycoons sanctioned for having ties to Russian President Vladimir Putin. On Monday, Spain took control of a yacht linked to Sergei Chemezov, head of Russia’s Rostec State Corp., in the Port of Barcelona, ​​according to published reports.

Neither Solaris nor Eclipse specify their destination in their data. The two superyachts together cost more than $1 billion.

One of Abramovich’s private jets has also moved. On Sunday, his Gulfstream G-650 left Moscow for Israel and returned via Istanbul on Monday, according to the ADS-B Exchange flight tracking website. Reuters obtained a photo of Abramovich, who is also an Israeli citizen, at Tel Aviv’s Ben Gurion airport shortly before his plane took off.

Abramovich is the largest shareholder in Evraz, Russia’s second-largest steelmaker, and also owns a stake in metals producer Norilsk Nickel. He has said that he will sell Chelsea FC, the UK soccer club he has owned for almost two decades, due to the fallout from the Russian invasion of Ukraine.

Abramovich is the eighth richest person in Russia with a net worth of $13.6 billion, according to the Bloomberg Wealth Index.

original note:

Abramovich’s yachts head to the Mediterranean amid new sanctions

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