A super-yacht owned by a sanctioned Russian billionaire has reportedly anchored in the Maldives, which doesn’t have an extradition treaty with the US

Russian President Vladimir Putin (R) and billionare, businessman Oleg Deripaska (L) are seen visiting the RusVinyl Russian-Belgian joint polymer plant, near Nizhny Novgorod, 430 km. East of Moscow. Putin is having a one-day trip to Nizhny Novgorod region

Oleg Deripaska (L) with Russian President Vladimir Putin.Sasha Mordovets/Getty Pictures

  • A brilliant-yacht owned by a sanctioned Russian billionaire arrived within the Maldives on Monday, AFP stated.

  • The White Home warned Saturday it may seize the yachts of sanctioned Russian oligarchs.

  • The Maldives does not have an extradition treaty with the US.

A brilliant-yacht owned by a US-sanctioned Russian billionaire has arrived within the Maldives, AFP reported Tuesday. It is considered one of a number of Russian-owned pleasure craft believed to be headed to the sunny island nation, which does not have an extradition treaty with the US.

The yacht, Clio, is owned by Oleg Deripaska, founding father of Russian aluminum group Rusal, who was sanctioned by the US in 2018. Clio dropped anchor off Mala, capital of the Maldives, on Monday, AFP stated, citing port officers.

At the least two different super-yachts owned by Russian billionaires set sail for the Maldives shortly after Western nations threatened to grab property from sanctioned oligarchs, in response to information from Marine Site visitors, reported by CNBC.

In a tweet Saturday, the White Home stated: “This coming week, we are going to launch a multilateral Transatlantic job power to determine, seek out, and freeze the property of sanctioned Russian corporations and oligarchs — their yachts, their mansions, and another ill-gotten positive factors that we will discover and freeze below the legislation.”

Deripaska’s 73-meter Clio “was designed for lengthy voyages around the globe and self-sufficient residing for a number of months at a time,” in response to its maker Lurssen.

Deripaska was considered one of two Russian billionaires who spoke out on Sunday in opposition to Russia’s invasion of Ukraine, saying in a Telegram submit that “peace is essential.”

The Biden administration not too long ago focused 10 Russian oligarchs as a part of a sweeping bundle of sanctions in opposition to Russia. The sanctions goal to financially cripple the nation’s wealthiest members in retaliation for Russia’s invasion of Ukraine.

Insider’s Avery Hartman reported on Monday that Russian billionaires are nonetheless criss-crossing the globe on non-public jets and yachts regardless of the sanctions.

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