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US authorities believe a $700 million superyacht that's docked in Italy could belong to Russian President Vladimir Putin.
The New York Times reported the news, citing several people briefed on the information.
The superyacht, called the Scheherazade, which is currently situated on the Tuscan coast of Italy first came to light after The Times reported Tuesday that Italian authorities were examining the 459-foot-long vessel.
While some believed it could belong to a Russian oligarch, locals told The Times they nicknamed it "Putin's yacht."
Following the invasion of Ukraine , Russia has been hit with wide-ranging sanctions targeting oligarchs and their luxury assets . Superyachts have come under particular scrutiny in recent weeks.
US intelligence officials have not concluded who owns the Scheherazade but said they found initial indications that it was associated with Putin, per The Times.
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The people with knowledge of the matter would not describe what information led them to believe the superyacht was linked to the Russian President, according to the publication.
The ship's captain, Guy Bennett-Pearce, told reporters earlier this week that Putin was not the owner of the ship and that he had never been on the yacht. He didn't, however, rule out the possibility of the owner being Russian.
Meanwhile, the US and the other countries are doubling down on efforts to confiscate oligarchs' high-end assets.
"We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," President Joe Biden said in his State of The Union address on March 1. "We are coming for your ill-begotten gains."
Some oligarchs have scrambled to try and escape the sanctions against them, taking their private jets and ships to places like Dubai and the Maldives .
Others like Russian billionaire Roman Abramovich are resorting to selling off their assets .
The Scheherazade has been undergoing repairs since June 2020 in the small Italian town of Marina di Carrara. Its features include a helicopter landing pad, a large pool, a cinema, and a drone crashing system, according to Superyacht Fan .
Silvia Sciorilli Borrelli in Marina di Carrara and Henry Foy in Brussels
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
It has been 15 months since Italy impounded the Scheherazade, a $700mn superyacht linked to Vladimir Putin.
But the time the yacht has spent sitting in the Tuscan port of Marina di Carrara has not been wasted: Italy has allowed its unnamed, but sanctioned, owner to pay not just for its staff and maintenance, but also for it to be refitted.
The 140 metre-long yacht, which is only four years old and boasts 22 guest cabins with gold-plated bathrooms, two helicopter decks and a spa, is being refurbished by the Milan-listed Italian Sea Group.
The company confirmed that a “refit” of the ship continued after the asset was frozen by authorities, and that the yacht’s owner has been paying for the works and for maintenance, but declined to give further details, including the identity of the owner.
The Agenzia del Demanio, which manages seized assets, confirmed it had agreed, along with the finance ministry, to allow the ship’s owner to pay for the “maintenance works”, but declined to go into further detail because “information about frozen assets is classified”.
Italy has never publicly identified the yacht’s owner, although at the time it was seized it said there was “evidence of meaningful economic and business connections with prominent elements of the Russian government subject to EU sanctions”.
According to people with knowledge of the situation in Rome and Brussels the owner is Eduard Khudainatov, the former chief executive of the Russian state oil company Rosneft who was sanctioned by the EU in June 2022.
A Bloomberg report last year said US officials had alleged in court filings that Khudainatov was the “straw owner” of two yachts, including the Scheherazade, on behalf of Putin. The Financial Times traced the boat’s ownership to a Marshall Islands-based entity called Beilor Asset Limited.
Meanwhile researchers working for the jailed Russian opposition activist Alexei Navalny have also alleged that the Scheherazade’s real owner is the Russian president, because a number of its crew were members of the Federal Protection Service, responsible for Putin’s security. The Kremlin denied the allegations at the time. The staff on board the yacht was subsequently replaced.
Kremlin spokesman Dmitry Peskov said in response to a question from the Financial Times: “All rumors about this are unfounded.”
A European Commission spokesperson said that “members states are responsible for implementing sanctions,” and that asset freezes do not affect the ownership of the assets.
When asked about the payment scheme for the Scheherazade’s upkeep, the spokesperson said that “maintenance costs of frozen assets can be paid by the designated person” under a “standard derogation”.
Public authorities in the relevant member state can also pay the maintenance costs given the “risk that the designated person will not be willing to . . . or that the designated person will be denying beneficial ownership of the asset,” the spokesperson added.
Italy and the European Commission did not confirm who the “designated person” is for the Scheherazade.
The EU has imposed sanctions on almost 1,900 Russian individuals and entities since Moscow’s first invasion of Ukraine in 2014, freezing their assets and banning them from travelling around the bloc. The assets are frozen, rather than seized, and would be returned if sanctions are lifted.
According to a list of Russian assets seized in Italy seen by the FT, the Scheherazade is the only one whose owner is not specified. The vessel is merely described as: “superyacht Scheherazade sailing under the Cayman Islands flag with a value of around €650mn.”
Additional reporting by Stefania Palma in Washington
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The vessel SCHEHERAZADE (IMO 9809980) is a Yacht built in 2020 (4 years old) and currently sailing under the flag of Unknown. Plans & Prices Add Photo. Vessel Particulars. IMO number: 9809980: Vessel Name: SCHEHERAZADE: Ship type: Yacht: Flag: Malaysia: Homeport-Gross Tonnage: 10167: Summer Deadweight (t) 805: Length Overall (m) 140:
Vessel SCHEHERAZADE is a Yacht, Registered in Cayman Is. Discover the vessel's particulars, including capacity, machinery, photos and ownership. Get the details of the current Voyage of SCHEHERAZADE including Position, Port Calls, Destination, ETA and Distance travelled - IMO 9809980, MMSI 319179200, Call sign 9M2761
Scheherazade (yacht) Scheherazade. (yacht) Scheherazade is a motor superyacht built by Lürssen Yachts of Germany. [3] With a length of 140 m (460 ft), it is currently one of the longest motor yachts in the world . While being built, it used the project name "Lightning". [6] The exterior design was done by the designer Espen Oeino, and the ...
Delve into the fascinating world of the Scheherazade Yacht, one of the largest yachts in the world, and explore its specifications, design, features, and ownership details. Her owner is Eduard Khudainatov. ... Yacht Owner Photos Location For Sale & Charter News. Name: Scheherazade: Length: 140 m (459 ft) Guests: 18 in 9 cabins (estimate) Crew ...
Vessel SCHEHERAZADE is a pleasure craft ship sailing under the flag of Malaysia. Her IMO number is 9809980 and MMSI number is 1. Main ship particulars are length of 140 m and beam of 24 m. Maps below show the following voyage data - Present Location, NExt port, Estimated (ETA) and Prediced Time of arrival (PTA), Speed, Course, Draught, Photos ...
Track current position of SCHEHERAZADE on Live Map and find its IMO, MMSI, Call Sign, 9809980,1.
Scheherazade Yacht - Live Location. Yacht Owner Photos Location For Sale & Charter News. Name: Scheherazade: Length: 140 m (459 ft) Builder: Lurssen: Year: 2020: Price: US$ 700 million: Owner: Eduard Khudainatov: Follow the location of the Scheherazade Yacht live! SuperYachtFan.
SCHEHERAZADE (IMO: 9809980) is a Yacht registered and sailing under the flag of Malaysia.Her gross tonnage is 10167 and deadweight is 805.SCHEHERAZADE was built in 2020.SCHEHERAZADE length overall (LOA) is 140.01 m, beam is 21 m. Her container capacity is 0 TEU.
The Scheherazade is one of the world's largest superyachts, but the identity of its owner isn't publicly known; Several yachts belonging to Russian oligarchs have been seized in Europe since ...
Scheherazade is a motor yacht with an overall length of m. The yacht's builder is Lürssen Yachts from Germany, who launched Scheherazade in 2020. The superyacht has a beam of m, a draught of m and a volume of . GT.. Scheherazade features interior design by Zuretti Interior Design. Scheherazade has a steel hull and an aluminium superstructure. She is powered by 2 MTU engines.
Scheherazade: The £500m superyacht in Tuscan port 'linked to Putin'. The yacht contains a self-playing grand piano that repeats a song titled 'Vladimir Putin is a Fine Fellow', according ...
Valued at $510 million by yacht valuation experts VesselsValue, Scheherazade is registered in the Cayman Islands and owned by Bielor Asset Limited, a company in the Marshall Islands.
The yacht Scheherazade is a very large superyacht, built by Lurssen.She was delivered to her owner in 2020.She is one of the largest yachts in the world.. The yacht has a length of at least 136 meters.We estimate her displacement at more than 9,000 tons. Update: her volume is actually 10,167 tons. Her maximum speed will probably be above 18 knots..
Last Updated: 1 June 2024. This ship info includes data on what are the dimensions and general vessel particulars, last and next special class survey, who is the owner of the ship SCHEHERAZADE, its Commercial Manager, ISM Manager, Classification Society, their addresses and contact details and Shipyard where it was built as well as statistics for the number of owned and managed ships and ...
The Scheherazade has been undergoing repairs since June 2020 in the small Italian town of Marina di Carrara. Its features include a helicopter landing pad, a large pool, a cinema, and a drone ...
10167. DELIVERED. 2020. BEAM. 23.3 m. SCHEHERAZADE is a 141.96 m Motor Yacht, built in Germany by Lurssen and delivered in 2020. Her power comes from two MTU diesel engines. She has a gross tonnage of 10167.0 GT and a 23.3 m beam. The naval architecture was developed by Lurssen, who has architected 71 other superyachts in the BOAT Pro database ...
The vessel is merely described as: "superyacht Scheherazade sailing under the Cayman Islands flag with a value of around €650mn." Additional reporting by Stefania Palma in Washington ...
We bring you an exclusive first look at the new 140-metre Lürssen superyacht Scheherazade as she heads south across the North Sea for the first time. Fleet Updates Exclusive: First look at Lürssen's 140m superyacht Scheherazade. Written by Charl van Rooy. Fri, 05 Jun 2020 | 11:00.
Map of Russia with Leningrad Oblast highlighted. This is a list of rural localities in Leningrad Oblast.Leningrad Oblast (Russian: Ленингра́дская о́бласть, tr. Leningradskaya oblast', IPA: [lʲɪnʲɪnˈgratskəjə ˈobləsʲtʲ]) is a federal subject of Russia (an oblast).It was established on August 1, 1927, although it was not until 1946 that the oblast's borders ...
Answer 1 of 2: Guys, Has anyone of you been to Ladoga Lake (in Russian: Ладожское озеро), not far from SPB? I am staying in Piter for a few days and thought it might be a good idea to go into nature for a day. What would be a good place - village, town...
This will display the postal code of the selected location from Leningrad, Russia on Google map. Note that the postal code may be searched with nearby approximation. Below is the select list of some major cities from Leningrad, Russia. Click on the "Show Postal Code" button to go get its postal code.
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