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            YachtAid Global, which works with superyachts, launched Operation Pearl to help the Philippines following Typhoon Odette
            Operation Pearl: Typhoon Disaster Relief for Philippines via YachtAid Global

            January 4, 2022 By Marie Cullen

            the Water Revolution Foundation's YETI needs more superyacht data
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            December 8, 2021 By Diane M. Byrne

            the International SeaKeepers Society attended COP26 on behalf of superyacht owners and more
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            November 20, 2021 By Megayacht News Staff

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            June 12, 2021 By Diane M. Byrne

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            September 5, 2020 By Marie Cullen

            Camper & Nicholsons and Nowboat are crunching data for superyacht owners, builders, and brokers in a way never before donoe
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            June 8, 2019 By Marie Cullen

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            May 24, 2022 By Marie Cullen

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            May 23, 2022 By Diane M. Byrne

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            May 20, 2022 By Marie Cullen

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            April 13, 2022 By Marie Cullen

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            March 17, 2022 By Marie Cullen

            the arrest of Sailing Yacht A is the latest in a few superyacht issues related to the Russian invasion of Ukraine
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            March 13, 2022 By Diane M. Byrne

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            November 9, 2016 By Diane M. Byrne

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            Vagit Alekperov, the president and CEO of Lukoil and the Heesen Yachts UBO (ultimate beneficial owner), is under sanctions related to the Russian invasion of Ukraine; Heesen Yachts is under full Dutch ownership effective May 2022
            Heesen Yachts Under Full Dutch Ownership

            May 19, 2022 By Diane M. Byrne

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            May 21, 2022 By Marie Cullen

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            Marina di Portisco is now IGY Portisco Marina, still servicing superyachts; IGY Trident members can access it
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            Colombier Beach in St. Barths is a favorite of the megayacht Gladiator for charter guests
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            November 26, 2021 By Megayacht News Staff

            Indonesia is reopening again to foreign-flagged megayachts
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            October 16, 2021 By Marie Cullen

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            February 24, 2022 By Diane M. Byrne

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            February 14, 2022 By Marie Cullen

            Suntex Is Merging With Westrec Marinas to change the megayacht landscape
            Suntex and Westrec Marinas Are Merging

            February 2, 2022 By Diane M. Byrne

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            Peter Hürzeler says The Role of the Sales Broker Has Changed a Lot
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            April 25, 2022 By Megayacht News Staff

            Forty Pints interviewed Diane Byrne of Megayacht News
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            April 10, 2022 By Megayacht News Staff

            Victor Vescovo will receive the SeaKeeper of the Year award amid superyacht owners and conservationists
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            January 10, 2022 By Marie Cullen

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            April 8, 2022 By Marie Cullen

            Tim Clark is the director of the superyacht crew recruitment company Quay Crew
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            January 20, 2022 By Megayacht News Staff

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            December 29, 2021 By Marie Cullen

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            April 15, 2022 By Marie Cullen

            Justin Olesinski says AI is supercharging superyacht design
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            April 6, 2022 By Georgia Tindale

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            September 6, 2016 By Diane M. Byrne

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            August 1, 2016 By Michael Verdon

            Antonio Romano Hot Lab Yacht & Design
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            the owner of Lady May is offering the superyacht to creditors
            Owner of Lady May Paying Fine in Lieu of Jail Time

            April 20, 2022 By Diane M. Byrne

            Vagit Alekperov, the president and CEO of Lukoil and the Heesen Yachts UBO (ultimate beneficial owner), is under sanctions related to the Russian invasion of Ukraine; Heesen Yachts is under full Dutch ownership effective May 2022
            Heesen Yachts UBO Lands on UK Sanctions List

            April 14, 2022 By Diane M. Byrne

            the arrest of Sailing Yacht A is the latest in a few superyacht issues related to the Russian invasion of Ukraine
            Arrest of Sailing Yacht A, Tied to Russian Sanctions

            March 13, 2022 By Diane M. Byrne

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            Vagit Alekperov, the president and CEO of Lukoil and the Heesen Yachts UBO (ultimate beneficial owner), is under sanctions related to the Russian invasion of Ukraine; Heesen Yachts is under full Dutch ownership effective May 2022
            Heesen Yachts UBO Lands on UK Sanctions List

            April 14, 2022 By Diane M. Byrne

            Sunseeker clients are important to Andrea Frabetti as both yacht and superyacht buyers
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            the Denison family left an indelible mark on yachting and megayachts in the USA
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Home / People / Arrest of Sailing Yacht A, Tied to Russian Sanctions
the arrest of Sailing Yacht A is the latest in a few superyacht issues related to the Russian invasion of Ukraine
PHOTO: Feliz (CC-BY-SA-4.0)

Arrest of Sailing Yacht A, Tied to Russian Sanctions

March 13, 2022 By: Diane M. Byrne

UPDATE, MARCH 16, 2022: Following the arrest of Sailing Yacht A last week, the Isle of Man has chosen to de-listed her from its registry. Alex Allinson, the minister for enterprise, says the island was “going further than UK sanctions” by delisting any vessels implicated with the country. Read on for our original article.

 

The arrest of Sailing Yacht A took place on March 10 in Italy. It’s the latest in a few sanctions-related yacht arrests stemming from the Russian invasion of Ukraine.

Italian officials arrived in Trieste, where the superyacht had been undergoing a refit for the past month. Italy’s Guardia di Finanza, its national financial police, boarded the 468’5” (142.81-meter) yacht in drydock. Ferdinando Giugliano, the Italian prime minister’s media advisor, announced the arrest of Sailing Yacht A with a video on Twitter (below).

Sailing Yacht A belongs to Andrey Melnichenko, who has for many years held assets in fertilizer and commodities. More than two decades ago, for instance, he founded EuroChem Group and SUEK. The European Union (EU) authorized sanctions against him on March 9. It states that he was one of multiple business leaders who met with Russian president Vladimir Putin after the invasion of Ukraine to discuss EU and U.S. sanctions. It also alleges he has “close connections to the Russian government” and “is therefore involved in economic sectors providing a substantial source of revenue to the government.” Notably, the following day, EuroChem Group and SUEK issued statements indicating that Melnichenko resigned from their boards and withdrew as their beneficiaries, effective March 9.

Italy’s financial police (@GDF) has just frozen “SY A” – a sailing yacht worth ~€530m located in the Port of Trieste. The yacht could be linked indirectly to Andrey Igorevich Melnichenko – an individual in the EU sanctions list. pic.twitter.com/fRg6ZTIQRH

— Ferdinando Giugliano (@FerdiGiugliano) March 12, 2022

We contacted a spokesperson for Melnichenko, Alex Andreev. Andreev asserts, “He has no relation to the tragic event sin Ukraine. He has no political affiliations. There is no justification whatsoever for placing him on the EU sanctions list. We will be disputing these baseless and unjust sanctions, and believe that the rule of law and common sense will prevail.” Furthermore, Andreev confirmed that Melnichenko resigned from the above-mentioned companies’ boards and withdrew as their beneficiary. Specifically, he says, it was for them to remain “able to continue providing millions of people around the world with nutrients for agriculture and access to affordable energy.”

One of the biggest megayacht deliveries in 2017, Sailing Yacht A has styling by Philippe Starck and construction from Nobiskrug. Despite her towering masts, she is a sail-assisted vessel, not a traditional sailing yacht, and therefore relying on her engines more, especially for long distances.

The arrest of Sailing Yacht A comes one week after the Italian government froze yet another megayacht. Italian financial police arrested Lady M while she remained docked in Imperia. They identify the owner of the 213-foot (65-meter) motoryacht as Alexei Mordashov. The European Union placed him on its sanctions list on February 28. He’s the biggest stakeholder in Severastal, Russia’s largest steel company. At the end of February, he attended a meeting at the Kremlin at the behest of Putin, along with other oligarchs. Additionally, Italian authorities arrested the motoryacht Lena, allegedly belonging to Gennady Timchenko, whose business holdings are in oil and gas. That arrest took place in San Remo.

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Categories: Owners, People, Sailing Yachts, YachtsTags: Nobiskrug, Philippe Starck

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