Superyachts owned by Russian billionaires who have ties to President Vladimir Putin are on the move as the United States and its allies prepare further sanctions on their property following the invasion of Ukraine.
Data reviewed by CNBC from Marine Traffic shows that at least four massive yachts owned by Russian business leaders have been moving toward Montenegro and the Maldives since a wide array of sanctions were announced in recent days by leaders from around the world, including the U.S. Treasury targeting Russia’s central bank. The Maldives doesn’t have an extradition treaty with the U.S., according to Nomad Capitalist.
