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March 17, 2022updated 23 Mar 2022 2:24pm

Spain impounds superyachts of Russian oligarchs

One 135m-long yacht is registered in the Cayman Islands.

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict


Spanish officials have reportedly detained a superyacht, believed to be owned by Russian oligarch Igor Sechin, in the eastern region of Catalonia.

Sechin is the CEO of Russian state-run oil firm Rosneft and a close ally of Putin. Currently, he is facing sanctions for his ties to the Russian President.

The 135m-long yacht, dubbed Crescent, is registered in the Cayman Islands.

Crescent was moored in the Mediterranean port city of Tarragona on 2 November and sought permission from the coast guard to move on 4 March, reported Reuters, citing Spain’s Transport Ministry.

Said to be worth $600m, the vessel includes a multi-level atrium and retractable helicopter landing pad, reported Business Insider, citing Superyacht Times.

This is the latest Russian oligarch-owned yacht to be seized by Spain amid Russia’s Ukraine offensive.

Recently, Lady Anastasia was also seized by Mallorca authorities, according to Reuters. This yacht is owned by Alexander Mikheyev, another Russian oligarch who is facing European Union sanctions.

The news agency said that officials also impounded the vessel Valerie, which belongs to Russia-based Rostec’s aerospace and defence chief Sergei Chemezov.

Meanwhile, a ship called Ragnar, belonging to former KGB agent Vladimir Strzhalkovsky, is stuck without fuel in the northern town of Narvik, Norway, reported Bloomberg. Suppliers reportedly refused to provide fuel to enable the vessel’s departure.

Citing the French finance ministry, Bloomberg further stated that the Amore Vero superyacht, which also belongs to Sechin, was seized by French officials earlier this month as it was planning an urgent departure.

Earlier this month, the UK passed a law to ban all ships with links to Russia from entering its ports.

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