Russian oligarchs moving yachts as U.S. tracks down assets

[Jilly_in_VA]

Yachts owned by Russian billionaires are on the move as the U.S. and its allies seek to hunt down the assets of Russia's wealthiest in direct response to the invasion of Ukraine. The wealthiest Russian money – including Russian President Vladimir Putin's — has pushed to sea.

Data from MarineTraffic, a global intelligence group, shows yachts owned by oligarchs are on the move, including aluminum magnate Oleg Deripaska's $65 million Clio and oil executive Vagit Alekperov's $80 million Galactica Super Nova.

"No self-respecting oligarchy exists without a super yacht. And so what we're seeing now is a hightailing it on the high seas," financier and anti-corruption activist Bill Browder told CBS News.

A super yacht is typically over 40 meters long. The Clio and Galactica are each over 70 meters long.

In response to Putin's war against Ukraine, the Biden administration created a task force to go after Russian oligarchs' "yachts, luxury apartments, money and their ability to send their kids to fancy college[s] in the West."

https://www.cbsnews.com/news/russia-ukraine-putin-oligarchs-yachts/
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It doesn't really matter where they put them, because this nifty little app called Maritime Tracker tells where they are. And anyone can access that......