The goal is to make it more difficult for crews to maintain yachts, sometimes indirectly owned by oligarchs, and to cover anyone who provides technical assistance and maintenance for a yacht or airplane. It will also limit the ability of oligarchs to find staff willing to sail or dispose of their assets outside the jurisdiction of the United Kingdom. Two superyachts linked to Russian billionaire Roman Abramovich have docked in Turkey, in addition to UK and EU sanctions. But if British companies were found to have helped the yachts, they could be fined. British officials note that in Italy, the crew of the suspected yachts has either changed or refused to cooperate with the police to reveal the identity of the final owner of the boat. Italian police are investigating the Scheherazade, one of the largest super yachts in the world, which is currently located in a luxury Tuscan resort, which some believe belongs to Vladimir Putin. The Foreign Office also said the sanctions were being extended to cover illegal activity not only in Crimea but also in Russian-controlled Donetsk and Luhansk territories. Legislation takes the form of a legislative act – a form of legislation that must be debated by Members but quickly becomes law. The UK government seized its first superyacht in British waters earlier this week, adding a total of seven to Europe. The 38 38 million yacht, named Phi, is owned by a Russian businessman who is not considered to be facing sanctions. Transport Minister Grand Saps said the man was not currently subject to sanctions, but had “close links” with Putin. The nearly 60-meter-long Phi was first identified as potentially Russian-owned on March 13, but its ownership is “deliberately well-hidden,” the government said. He added that the company in which the ship is registered is based in the Caribbean islands of Saint Kitts and Nevis, but brought Maltese flags to hide its origin. Many yachts remain free – some are in motion, others are moored in places that are currently protected by sanctions, including the Maldives. Italian authorities seize one of the largest super yachts in the world by an oligarch – video Many superyachts are linked to Russian billionaires, but their ownership is kept secret. Vessels are often registered through a number of offshore companies, including the UK overseas territories. While the seizure of boats is a way of demonstrating a political willingness to follow Putin’s revenue streams, most Whitehall officials believe issues such as Russia ‘s energy bans are far more important. It has also emerged that at least eight Russian oligarchs on the UK sanctions list for their ties to Vladimir Putin have been granted “golden visas” to live in Britain. The government also confirmed that it had cut off two sanctioned Russian oligarchs, Eugene Shvidler and Oleg Tinkov, from their jets. Svidler is a close associate of Abramovich with a fortune estimated at $ 1.6 billion by Forbes magazine. The United Kingdom has already seized two of its private jets based at Farnborough Airport. Tinkov, a billionaire banker, is also said to have deleted aircraft from the Isle of Man in a precautionary measure, but they have now been seized. “There is no doubt that Putin and his elite have been surprised by the strength of our sanctions,” said Lis Trouse, the UK’s foreign secretary. “We will continue to increase pressure as long as Russian troops are in Ukraine, targeting not only the oligarchs’ businesses but also their assets and international way of life.”
