Russian Sanctions: Yachts Come On and Off the List

We know this is rather old news now, unless the incoming Trump administration implements the softening that has been recently rumoured. Recently we saw the 15th round of European sanctions, as well as new UK and US sanctions targeting the Russian Shadow fleet and intermediaries in Europe, India, and the US facilitating trade of sanctioned goods with Russia.

We also saw individual yachts come off the sanctions list. The 400 plus Russian-owned yachts that have been unsanctioned were then brought to the market both for charter and sale, with a vast number of speculative offers from both European and US brokers received and some successful deals made.

We have assisted not only owners but also brokers to navigate the plethora of sanctions that they come up against.

Ian Petts
Partner