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A Russian Oligarch’s $75 Million Superyacht Just Got Auctioned Off in Gibraltar

It's the first public sale of an oligarch's seized asset since russia invaded ukraine., rachel cormack.

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View of the AXIOMA superyacht docked in Marseille. The AXIOMA superyacht linked to a Russian billionaire is to be auctioned off in Gibraltar. Authorized to enter the waters of Gibraltar, it had been seized by the authorities in March 2022. (Photo by Gerard Bottino / SOPA Images/Sipa USA)(Sipa via AP Images)

What becomes of a sanctioned Russian billionaire’s superyacht after it’s seized ? In the case of the $75 million Axioma , the end result was an auction for way below its market value.

The lavish 236-footer, which was seized from Russian steel magnate Dmitry Pumpyansky in March, attracted 63 bids at a sale in Gibraltar. A true watershed moment, it is the first public auction of an oligarch’s asset since Russian forces invaded Ukraine in February.

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The superyacht, which boasts six luxurious guest cabins, an infinity pool, a spa and a 3-D cinema, was detained by the Gibraltar government after a legal claim from JP Morgan said Pumpyansky’s holding company Pyrene Investments owed the bank more than $20 million.

The Office of the Admiralty Marshal in Gibraltar confirmed on Tuesday that 63 bids were received for Axioma , but refused to reveal the value of the bids, as reported by the Guardian .

View of the AXIOMA superyacht docked in Marseille. The AXIOMA superyacht linked to a Russian billionaire is to be auctioned off in Gibraltar. Authorized to enter the waters of Gibraltar, it had been seized by the authorities in March 2022. (Photo by Gerard Bottino / SOPA Images/Sipa USA)(Sipa via AP Images)

“Axioma” docked in Marseille, France in June.  Gerard Bottino / SOPA Images

“The successful bidder will be selected by the Admiralty Marshal but details of the bidder and the value of the offer will remain confidential,” the court said in a statement. “Details about the sale value of the vessel will be made available once the transaction has been completed which could take place in approximately 10 to 14 days.”

James Jaffa, a lawyer for British firm Jaffa & Co, told the Guardian that he expects Axioma to sell for “way below” $20 million.

The west has confiscated billions worth of assets since March. British and American authorities have previously said they would seek to funnel the proceeds of sold assets back into Ukraine. This auction has attracted controversy, though, because Axioma has been sold not for the benefit of the Ukrainian people, but for the US investment bank.

Still, the has set a “benchmark” for other banks looking to recoup losses by auctioning assets.

“ Axioma will be a watershed moment for assets that have bank financing against them because all the other banks will realize that the asset can be sold and that they can get some or all of their money back,” Jaffa adds.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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Ukraine’s Zelenskyy did not purchase two luxury yachts in October. They’re still up for sale

75 million yacht

Ukrainian President Volodymyr Zelenskyy poses for a photo after his interview with The Associated Press in Kharkiv, Ukraine, Thursday, Nov. 30, 2023. Zelenskyy has not recently purchased two multimillion-dollar yachts, despite online claims. (AP Photo/Efrem Lukatsky)

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CLAIM: Ukrainian President Volodymyr Zelenskyy bought two luxury yachts, named Lucky Me and My Legacy, through proxies for more than $75 million.

AP’S ASSESSMENT: False. The companies selling each yacht confirmed to The Associated Press that they are still on the market.

THE FACTS: As the Russia-Ukraine war nears the two-year mark, social media users are falsely claiming that Zelenskyy recently purchased two multimillion-dollar yachts despite the devastating conflict.

“Ukrainian President Zelensky uses proxies to hide ownership of two yachts worth $75.000.000,” a post on X, formerly Twitter, states. “This man will go down in history as the person who destroyed his own country for fame and fortune.”

Many social media posts carrying the claim cite a Nov. 21 story from The Islander, an online publication, that reported Zelenskyy “is now ensnared in a scandal involving the alleged purchase of two luxury yachts, ‘Lucky Me’ and ‘My Legacy,’ worth a combined $75 million.”

The report pinned the supposed purchases on two of Zelenskyy’s associates, citing a video from a small YouTube channel that claimed to have documents showing them buying the yachts on behalf of the Ukrainian president.

75 million yacht

But, according to the companies selling the boats, both vessels are still on the market.

“Burgess can confirm that MY LEGACY is currently for sale with Burgess as the exclusive listing brokerage house,” Nicci Perides, a spokesperson for the luxury yacht company, told the AP in an email. “We can confirm that the yacht has not been sold and therefore remains for sale.”

BehneMar, another luxury yacht company, similarly called claims about its listing for Lucky Me “totally wrong and false,” writing in a statement that it “can confirm that the yacht has not been sold and is still for sale with BehneMar as the exclusive listing company.”

The alleged sales documents read: “Memorandum of Agreement Approved by The Mediterranean Yacht Brokers Association,” an outdated name of the group now called MYBA The Worldwide Yachting Association. Its name changed in 2008 and the group now uses a different logo than the one that appears on the documents.

Blank versions of the documents shown in the YouTube video and on The Islander are available free online.

One of the supposed memorandums lists Lucky Me as being sold on Oct. 18 for $24.9 million to Boris Shefir, who worked with Zelenskyy at his production company Kvartal 95. The other states that My Legacy was sold exactly a week later for $49.75 million to Shefir’s brother, Serhiy Shefir, who also worked at Kvartal 95 and is now one of Zelenskyy’s top political aides.

Jane Adlington-Brumer, MYBA’s general secretary, told the AP that the documents appear to be pre-2012 versions of a memorandum of agreement “no longer endorsed by MYBA.” She added that MYBA “does not approve yacht sales.”

Asked about The Islander’s story, its co-founder Chay Bowes told the AP that the site “did not state that President Volodymyr Zelensky directly purchased the luxury yachts ‘Lucky Me’ and ‘My Legacy.” He noted that the story “highlighted allegations and connections involving his close associates.”

Zelenskyy’s financial relationship with the Shefir brothers has come under scrutiny in the past.

The Pandora Papers leak in 2021 led to reports that Zelenskyy had transferred his shares in an offshore company — Maltex Multicapital Corp — to Serhiy Shefir before his election to Ukraine’s presidency. An arrangement allowed Maltex to pay dividends to another company belonging to Zelenskyy’s wife, the Organized Crime and Corruption Reporting Project reported at the time.

Serhiy Shefir retained his stake in Maltex after he joined the Zelenskyy administration. Boris Shefir was named in the Pandora Papers as a part-owner of Maltex, but told the Organized Crime and Corruption Reporting Project in 2021 that he was unaware of the details of the offshore arrangement.

A spokesperson for Zelenskyy did not immediately respond to a request for comment. ___ This is part of AP’s effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Learn more about fact-checking at AP .

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A multimillion-dollar superyacht once owned by a Russian oligarch has gone to auction

Dustin Jones

75 million yacht

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase. JON NAZCA/REUTERS hide caption

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase.

A superyacht once belonging to a Russian billionaire went to auction Tuesday in the British territory of Gibraltar. The vessel, estimated to have a value in the tens of millions of dollars, was seized in March as part of Western sanctions against Russia following the invasion of Ukraine.

Gibraltar's Admiralty Marshal was tasked with appraising and selling the yacht, which received 63 bids, according to court documents. Its official appraised value is "a confidential matter which cannot be disclosed," although outside estimates reportedly place it anywhere from $42 million to $75 million. Details about who ultimately purchases the vessel and for what price will be made public when the transaction is complete.

Measuring 236 feet long and weighing over 1,600 tons, the Axioma is a sight to behold. It can accommodate 12 guests in six cabins — along with a 20-person crew in 12 other rooms — and features a gymnasium, full-service spa, infinity pool and luxury cinema, as stated on the Howe Robinson Partners auction site.

The cost to charter the Axioma for a week runs an average of roughly $500,000 , not including other operating costs, according to Yacht Charter Fleet.

The former owner of the ship is Dmitrievich Pumpyansky, once Russia's largest steel pipe manufacturer and currently worth $2 billion, according to Forbes . Unfortunately for Pumpyansky, he was sanctioned by Britain and the European Union after the invasion.

Other superyachts owned by Russian oligarchs have been detained as a result of the sanctions, but the Axioma is the first to be sold off, the Guardian reported.

Despite calls for the proceeds of the sale to benefit Ukraine, the funds will instead be paid to JP Morgan Chase. According to the Guardian, the international bank had a loan agreement with Pumpyansky's holding company, Pyrene Investments.

However, the sanctions against Russia prevented JP Morgan Chase from accepting payments from the holding company, breaching the agreement, and the bank filed a legal claim to have the vessel seized and sold at auction.

Other superyachts belonging to Russian elites have been detained all over the world — including the Amadea, which was seized in Fiji at the request of the United States in May. That $300 million yacht belonged to Suleiman Kerimov, a Russian gold producer worth over $12 billion, according to Forbes .

The fate of the Amadea is uncertain, however; it, too, could be sold to the highest bidder, which would be in line with President Biden's aims to hold Russian oligarchs accountable for their role in the invasion and, potentially, use the proceeds to aid Ukraine.

Superyacht linked to sanctioned Russian oligarch auctioned in Gibraltar

The Axioma superyacht belonging to Russian oligarch Dmitrievich Pumpyansky who is on the EU's list of sanctioned Russians is seen docked in Gibraltar

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Reporting by Joan Faus and Graham Keeley, additional reporting by Inti Landauro, editing by Aislinn Laing and Bernadette Baum

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Joan is a Barcelona-based correspondent reporting on politics, economics and social issues, such as migration and the car industry’s green transition, and also conducting investigative pieces. With over 15 years of experience, Joan previously worked as Washington correspondent for Spain’s leading newspaper EL PAÍS, closely covering the Obama and Trump administrations, electoral campaigns and major news; at Spanish newspapers Ara and Público in Madrid, and at EFE news agency in Buenos Aires and Barcelona. He is a journalism graduate from Barcelona’s Autonomous University, including an exchange program in Amsterdam and New York, and holds a business executive degree from IESE Business School

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Why the U.S. put a $1 million bounty on a Russian yacht’s alleged manager

On Sept. 3, 2020, the staff of a $90 million yacht placed an order with a U.S. company for a set of luxury bathrobes that came to $2,624.35.

For roughly two years before that, according to federal prosecutors, the yacht’s management had been falsely claiming it was working for a boat named “Fanta.” But the luxury bathrobes came embroidered with a monogram that, prosecutors said, revealed the yacht’s true identity: “Tango.”

That was a problem, officials say in court papers, because Tango was owned by a Russian billionaire under U.S. sanctions, and doing business on his behalf violated federal law.

Late last month, U.S. authorities unveiled a $1 million reward for information leading to the arrest and or conviction of the man they say was running the yacht staff and orchestrated the deception with the robes — Vladislav Osipov, 52, a Swiss-based businessman from Russia. In a new indictment , federal prosecutors say Osipov misled U.S. banks and companies into doing business with the Tango yacht despite the sanctions on the Russian owner, whom the Justice Department has identified as billionaire Viktor Vekselberg .

Osipov has denied the allegations. Osipov’s attorney has said that the government has failed to demonstrate that Vekselberg owned the yacht, and that its management was therefore not a sanctions violation.

The reward offer for Osipov reflects the latest stage in the evolution of the West’s broader financial war against Russia two years into the war in Ukraine, as the United States and its allies increasingly target intermediaries accused of enabling Russian oligarchs to circumvent sanctions.

Many Russians close to President Vladimir Putin have been under sanctions dating to 2014, when Russia seized Crimea from Ukraine and sent proxy forces into that country’s eastern Donbas region. When Russia invaded Ukraine in 2022, President Biden vowed to deal a “crushing blow” with a barrage of new sanctions on financial institutions, industries, business executives and others tied to the Kremlin. But roughly two years later, Russia’s economy has proved surprisingly resilient after the nation poured tens of billions of dollars into ramping up its military industry. Moscow has also worked around the sanctions, finding new third parties to supply it with critical military and industrial hardware, as well as countries beyond Europe to buy its oil.

Now, the West is trying to increase the reach of its sanctions by digging deeper into Russian supply chains. Late last month, the Treasury Department announced more than 500 new sanctions targeting Russia , primarily on military and industrial suppliers. The Justice Department also announced charges against two U.S.-based “facilitators” of a Russian state banker who is under sanction, as well as the guilty plea of a dual national based in Atlanta who was accused of laundering $150 million through bank accounts and shell companies on behalf of Russian clients.

Prioritizing criminal charges against — and the arrests of — Western employees of Russia’s elites represents a new escalation of the U.S. financial war against Putin, experts say. One Moscow businessman, speaking on the condition of anonymity for fear of retribution, said many influential Russians are concerned about the arrest of two associates of Andrey Kostin, the head of VTB, Russia’s second-biggest state bank. These associates, Vadim Wolfson and Gannon Bond, were charged with helping Kostin evade sanctions by maintaining a $12 million property in Aspen, Colo., for Kostin’s benefit while concealing his ownership. Kostin has said that the charges of sanctions evasion against him are “unfounded” and that he has not violated any laws . Bond has pleaded not guilty; Wolfson hasn’t made an initial court appearance yet.

Wolfson, also known as Vadim Belyaev, had been a Russian billionaire until the Russian government took over his bank in 2017. Bond, 49, is a U.S. citizen from Edgewater, N.J. For all Russians living abroad and working with people in Russia, the threat of criminal charges is a much more worrying prospect than the sanctions imposed by the Treasury Department last month against hundreds of individuals and entities, the businessman said, in part because sanctions are far easier to dodge than criminal charges.

“What you have seen through today’s public announcements are our efforts at really targeting the facilitators who possess the requisite skill set, access, connections that allow the Russian war machine [and] the Russian elites to continually have access to Western services and Western goods,” David Lim, co-director of the Justice Department’s KleptoCapture task force, which is tasked with enforcing U.S. sanctions over Russia’s invasion of Ukraine, told reporters last month.

Thad McBride, an international trade partner at the law firm Bass Berry & Sims, said the crackdown on intermediaries reflected the natural evolution of the U.S. sanctions campaign in response to Russian adjustments.

“It seems to me they have gone through a comprehensive list of the oligarchs, and you can debate whether or not it’s had a meaningful impact on the Russian war effort,” McBride said. “Because they’re getting smarter about who’s who, they’re finding other people who play meaningful roles in these transactions, even though they’re not showing up in the headlines.”

The charges against Osipov related to his alleged management of the Tango yacht illustrate the mounting potential consequences for people in Europe and the United States who attempt to do business with Russians targeted by Western allies, as well as the opaque structures allegedly employed by those seeking to evade sanctions.

With a net worth estimated by Forbes in 2021 at $9 billion, Vekselberg, 66, has long drawn scrutiny from the West — and sought to safeguard his wealth. He made his initial fortune in aluminum and oil in Russia’s privatization of the 1990s and then expanded into industrial and financial assets in Europe, the United States and Africa, with Putin’s blessing. In addition to the yacht, federal prosecutors say, Vekselberg acquired $75 million worth of properties, including apartments on New York’s Park Avenue and an estate in the Long Island town of Southampton.

Vekselberg, who declined to comment for this article, has not been criminally charged by the Justice Department. In a 2019 interview with the Financial Times, he denounced the sanctions as arbitrary and harmful for international business, saying he had been targeted just because he was Russian and rich and knows Putin.

In April 2018, the Treasury Department under the Trump administration sanctioned Vekselberg and six other Russian oligarchs as part of broader financial penalties over the Kremlin’s invasion of Crimea, support for President Bashar al-Assad in Syria and interference in the 2016 U.S. presidential election. Vekselberg was also targeted for his work for the Kremlin as chairman of the Skolkovo Foundation, an attempt to create Russia’s version of the Silicon Valley — evidence that appeared to undermine the Russian businessman’s claims that he operated independently of the Kremlin.

But with Vekselberg’s payments monitored by U.S. banks, according to the federal indictment , Osipov used shell companies and intermediaries to avert the bite of sanctions. Vekselberg kept other major assets out of the reach of U.S. authorities by making use of the Treasury Department’s 50 percent ownership rule, which stipulates that it is illegal to transact with firms only if an owner under sanction controls more than 50 percent of the business.

For example, a month after Treasury imposed sanctions on Vekselberg in April 2018, his Renova Innovation Technologies sold its 48.5 percent stake in Swiss engineering giant Sulzer to Tiwel Holding AG, a group that is nevertheless still “beneficially owned” — meaning, owned in practice — by Vekselberg through Columbus Trust, a Cayman Islands trust, according to Sulzer’s corporate filing. Vekselberg’s longtime right-hand man at Renova, Alexei Moskov, replaced one of Vekselberg’s direct representatives on the board. Moskov told The Washington Post that he stepped down from all his executive positions at Renova Group in 2018 after U.S. sanctions were first imposed and from that moment ceased to be Vekselberg’s employee.

The attempts to circumvent the sanctions appear to have found some success in the U.S. legal system. Columbus Nova, a U.S.-based asset management fund controlling more than $100 million in assets in the U.S. financial and tech industry, is run by Vekselberg’s cousin, Andrew Intrater. The firm battled for more than two years to lift a freeze on Columbus Nova’s assets, imposed by Treasury’s Office of Foreign Assets Control because of the sanctions on Vekselberg, and won, reaching a settlement agreement with the Treasury Department. After renaming itself Sparrow Capital LLC, Columbus Nova successfully argued that Intrater — not Vekselberg — owns the fund. Intrater argued that the company was 100 percent owned by U.S. citizens and that no individual or entity under sanction held any interest in it. Intrater said Columbus Nova had earned fees for managing investment funds owned by Renova. He said he had repeatedly told Treasury he would not distribute any funds to Vekselberg.

Now Osipov, the alleged manager of Vekselberg’s $90 million yacht, is attempting a similar argument as U.S. authorities seek his arrest on charges of bank fraud, money laundering, conspiracy to defraud the United States, and violations of sanctions law.

The federal indictment states that the Tango was owned by a shell corporation registered in the British Virgin Islands that was in turn owned by several other companies. The Virgin Islands shell company, authorities say, was controlled by Osipov, who also served in senior roles for multiple companies controlled by Vekselberg. U.S. officials also say Vekselberg ultimately controlled the other companies that owned the Virgin Islands shell company.

According to the indictment, a Tango official instructed a boat management company in Palma de Mallorca, Spain, to use a false name for the yacht — “Fanta” — to disguise its true identity from U.S. financial institutions and firms, which try to avoid doing business with an entity or person under sanction.

Working at Osipov’s direction, according to the indictment, employees for Tango bought more than $8,000 worth of goods for the yacht that were unwittingly but illegally processed by U.S. firms and U.S. financial institutions, including navigation software, leather basket magazine holders provided by a bespoke silversmith, and web and computing services. The management company running Tango, run by Osipov, also paid invoices worth more than $180,000 to a U.S. internet service provider, federal prosecutors say.

The Tango was seized by the FBI and Spanish authorities in the Mediterranean not long after Russia invaded Ukraine in 2022, and Osipov was first indicted last year. The owner of the Spanish yacht management company hired by Osipov, Richard Masters, 52, of Britain, was criminally charged last year by federal prosecutors with conspiracy to defraud the United States and violating federal sanctions law. A request for comment sent to Masters’ firm was not returned.

But in recent court documents, Osipov’s attorney argues that the yacht was not more than 50 percent owned by Vekselberg, and that the government hasn’t demonstrated it was. Barry J. Pollack, an attorney at Harris, St. Laurent and Wechsler, also says the government never warned Osipov of its novel and “unconstitutional” application of federal sanctions law.

“The government points to no precedent that supports its extraordinary interpretation and cites no authority that allows the traditional rules of statutory construction to be turned on their head,” Pollack wrote in a defense filing. The filing adds: “[Osipov] is not a fugitive because he did not engage in any of the allegedly criminal conduct while in the United States, has never resided in the United States, did not flee from the United States, and has not concealed himself.”

Still, the State Department’s Transnational Organized Crime Rewards Program has said it will provide up to $1 million for information leading to Osipov’s arrest, warning that he may visit Herrliberg, Switzerland; Majorca, Spain; or Moscow.

The case demonstrates the extent of the U.S. commitment to tighten the screws on those seen as aiding Russian elites, even if they themselves are not closely tied to the Kremlin.

“When DOJ levels legal action against an individual or entity, they have quite a bit of evidence, especially because the threshold to press charges for money-laundering and sanctions evasion is so high,” said Kim Donovan, director of the Economic Statecraft Initiative within the Atlantic Council’s GeoEconomics Center. “We’ve had quite a bit of experience targeting Russia directly, and what you’re starting to see is the U.S. go after the facilitators enabling sanctions evasion. That’s where the U.S. is focusing its efforts right now.”

75 million yacht

Luxatic

Triple Seven Superyacht for sale at $75 Million

By Adrian Prisca

Updated on August 31, 2017

75 million yacht

The Triple Seven Yacht , launched by Nobiskrug in 2007, was recently listed for sale at about $75 million by Edmiston. It has been said that the interior spaces of the boat were purposed to “flow seamlessly from generous outside areas that are almost rooms of their own” along with the elegant lines and sleek design of the 223-ft. vessel.

The same interior is based on a list of the owner’s sketches and favorite viewings at boat shows. Named after its shipyard build number, 777, the yacht was sustained by her commisioning company Kristal Waters, Nobiskrug and the designers Newcruise.

The ship comprises a numerous amenities, as follows: the owner’s suite – a high-tech, innovative design cabin with a separate library or office depending on its usage and a bed that can be feld to turn into an extra-cabin if needed – , four staterooms on the lower deck – configurable into two large suites – , a completely open sun deck – with a retractable gazebo and alfresco dining tables – , a large jacuzzi aft with sun pads all around, a large central circular sun pad, convertible into a Heli-pad, a beach-club equipped with a lounge area, bar and gym on the teak-deck.

The main suite also contains 2 different dressing areas, for both sexes, interconnected by a huge Portuguese-marble-carved bath, and, a panic room that we hope will never be used. So, empty your bank account fast, because you’ll miss the opportunity to live a luxurious and secure life over the seas.

Triple Seven Superyacht 1

[JamesList]

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About Adrian Prisca

Founder of Luxatic and countless other projects, Adrian has shaped this website into a go-to source for discerning readers looking for the latest in luxury products and experiences. He has over 15 years of experience in creating, managing and publishing lifestyle content across numerous platforms and he’s considered a leading voice in the luxury industry. Learn more about Luxatic's Editorial Process .

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There is also a touch-and-go helipad on the upper deck. Adding to the luxury is a massage and beauty treatment room and a sauna.

The impressive features continue with a customized eight-person jacuzzi, a bar, and a lounge on the sundeck. These features are perfect for experiencing the most luxurious super yachting lifestyle.

The fun continues in the water with Seadoo jet skies, underwater scooters, wakeboards, scuba diving, snorkeling equipment, and many towable water toys.

The tender garage is on the main deck and features two custom tenders that are only luxury.

silver fast yacht front 1

The exterior of the SILVER FAST yacht was penned by the impressive Superyacht designer Espen Oeino .

She was built by the Australian shipyard Hanseatic Marine, now known as Silver Yachts .

Naval architecture was a combined design of Espen Oeino and Silver Yachts. She is a 2 Silver II model, a signature yacht from the Australian shipyard.

SILVER FAST was launched in 2015 and was the most advanced in the Silver Yachts series.

Her exterior is striking on the water with her silver hue, as she has an aluminum superstructure and hull.

superyacht silver fast

Specifications

The SILVER FAST yacht is a 77m superyacht with a 10m beam and a 2.56m draft. She has a volume of 952 gross tons, which is a low displacement for a superyacht of her capacity.

The owner describes the build of SILVER FAST as a bit like a Porsche or Ferrari with a small body, a lot of technology, and not a lot of weight.

She features 2 MTU engines which give her a maximum speed of 27 knots.

She has a cruising speed of 25 knots and a range of 4000 nautical miles. She is MCA compliant and is a Lloyd’s register class yacht. The $75 million yacht has an annual running cost of $7.5 million.

vessel silver fast

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Zelensky’s $75M Yacht Scandal: Shocking Betrayal of American Taxpayers

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Ukrainian President Volodymyr Zelensky is under fire for his alleged involvement in a scheme to conceal his ownership of two luxury yachts worth a whopping $75 million. The Mediterranean Yacht Brokers Association (MYBA) has obtained evidence suggesting that Zelensky used proxies to purchase these extravagant vessels, namely the 46 meter Lucky Me and the 57 meter My Legacy. To make matters worse, the buyers of these yachts are none other than Boris and Sergey Shefir, close friends of the president and founders of the Kvartal-95 studio.

Zelensky, once hailed as a champion against corruption, now finds himself mired in a scandal that could tarnish his image forever. The audacity of these purchases is truly astounding, especially considering the dire circumstances Ukraine currently finds itself in with ongoing conflicts and the need for Western aid. It raises serious questions about the integrity and criminal culpability of Zelensky and his inner circle.

Predictable. Zelensky Accused of Using Proxies to Hide Ownership of $75M Yachts – The Yachts’ Names Are an Insult to All American Taxpayers https://t.co/yYqPwAro7T — The Patriot Hammer (@patriot_hammer) November 27, 2023

In a damning exposé, independent journalists have provided a detailed account of the opulent spending habits of Zelensky’s associates. Boris and Serhiy Shefir’s involvement in the purchase of these luxury yachts is cause for alarm. The sheer audacity of spending $75 million on two boats while their fellow countrymen suffer is a slap in the face to all American taxpayers who contribute to foreign aid.

It is particularly disheartening to think that these funds may have been diverted from Western aid allocated for Ukraine’s defense against Russia. This suggests a gross mismanagement of resources and a blatant disregard for the purpose of those funds. As conservatives, we believe in responsible use of taxpayer dollars, and this scandal is a blatant violation of that principle.

As these allegations continue to unravel, it becomes evident that Zelensky and his cronies are not the righteous leaders they claimed to be. Their actions reflect a serious lack of judgment and a disconnection from the realities faced by ordinary Ukrainians. It is our duty as conservatives to hold our leaders accountable and demand transparency, honesty, and fiscal responsibility. The American people deserve to know that their hard-earned money is being used wisely and for the benefit of those in need, not for the personal indulgences of corrupt politicians.

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LUXE LIFE: Zelensky Just Made A $75 Million Purchase!

By vince quill | nov 28, 2023.

Before we begin, let me warn you that this story is based entirely on foreign and Russian sources. That being said, does anyone doubt that corrupt Zelensky stole the foreign aid money and siphoned it off to buy luxury goods?

It’s no secret that Ukraine is one of the most corrupt countries on the planet. Before the U.S. government backed Ukraine in a proxy war against Russia , high-level officials in Ukraine were under investigation for widespread corruption.

Now, we are seeing online sleuths and investigative journalists allege that Zelensky owns several luxury yachts valued at $75 million through surrogates—meaning he owns the yachts via proxy buyers beholden to him.

One individual explained: “Zelensky bought two luxury yachts for $75 million through surrogates. 

From published memoranda of the Mediterranean Yacht Brokers Association (MYBA), it became known about the acquisition of two superyachts – the 46-meter “Lucky Me” and the 57-meter “My Legacy” by the Shefir brothers, who are close to Zelensky

The first yacht was purchased for $25 million on October 18, the second – for almost $50 million on October 25, Russian Telegram channels wrote, citing articles in foreign publications as evidence.

Boris and Sergey Shefir, on whose behalf the purchases were made, are close friends and confidants of the President of Ukraine

Together with them, Zelensky founded the Kvartal-95 studio in 2003 and appointed the younger of the brothers, Sergey Shefir, as the first assistant to the President of Ukraine shortly after he won the elections and became the President on May 20, 2019.

There is every reason to believe that and the two purchases were made in the name of Sergey and Boris Shefir in order to hide the real owner of the yachts – Vladimir Zelensky

They have used similar schemes before. Back in 2021, the International Center for the Study of Corruption and Organized Crime reported in its investigation that Sergey Shefir was involved in Zelensky’s so-called offshore network in the British Virgin Islands, Cyprus and Belize

This became known thanks to the disclosure by the international media of the so-called “Pandora File”. A month before he won the election, Zelensky transferred his offshore assets to the name of Sergey Shefir.

It appears that a similar impersonation scheme was used in the purchase of yachts.

Despite the attempts of Western countries to bring financial aid to Ukraine under control, this has not yet happened, as evidenced by the constant corruption scandals in the highest echelons of power in Ukraine.”

Zelensky bought two luxury yachts for $75 million through surrogates From published memoranda of the Mediterranean Yacht Brokers Association (MYBA), it became known about the acquisition of two superyachts – the 46-meter “Lucky Me” and the 57-meter “My Legacy” by the Shefir… pic.twitter.com/2D6wMTEbqJ — K Boz (@KBoz3) November 27, 2023

Shahzad Nasir dissected and analyzed the yacht sales, Zelensky’s network, and a breakdown of his assets in this brilliant YouTube video.

One senior-level Ukrainian official told Simon Shuster of TIME Magazine that Ukrainian officials were ‘stealing like there’s no tommorrow’, according to  Fox News :

TIME senior correspondent Simon Shuster wrote about his experience following Zelenskyy and his team back to Ukraine after they visited the U.S. in September to appeal for aid, noting in Washington they had faced “insistent calls for Zelensky to fight corruption inside his own government, and the fading enthusiasm for a war with no end in sight.” Shuster reported that similarly grim sentiment appears among the public as well, as those with the money available “sometimes bribe their way out of service” and that such cases “became so widespread by the end of the summer that on Aug. 11 Zelensky fired the heads of the draft offices in every region of the country.”

“Anyone who votes to fund Ukraine is funding the most corrupt money scheme of any foreign war in our country’s history. And forcing the American people to pay for it,” Rep. Marjorie Taylor Greene stated.

Anyone who votes to fund Ukraine is funding the most corrupt money scheme of any foreign war in our country’s history. And forcing the American people to pay for it. https://t.co/lzLcOCAlc7 — Rep. Marjorie Taylor Greene (@RepMTG) November 27, 2023

Kim DotCom highlighted the corruption, though the community notes feature on the X social media platform claimed that the articles provided do  not conclusively prove that Zelensky owns these yachts.

Of course, ownership through ‘surrogacy’ necessarily entails that no definitive  proof will be given of the asset ownership because it is owned through surrogates.

US tax dollars at work. Zelenskyy allegedly bought 2 yachts via proxy worth over $75 million as reported by The Islander. The names of the yachts are an insult to all Ukrainians: ‘Lucky me’ and ‘My Legacy’ pic.twitter.com/V5uHP0neqU — Kim Dotcom (@KimDotcom) November 27, 2023

The New Voice of Ukraine published this related piece earlier this month highlighting yet another example of Ukrainian institutional corruption:

In collaboration with the Specialized Anti-Corruption Prosecutor’s Office, NABU exposed an organized group within the leadership of the State Special Communications on Nov. 20. Between 2020 and 2022, the owner of a group of companies, in conspiracy with the agency’s leadership, devised a scheme to misappropriate budgetary funds allocated for the purchase of equipment and software. Advertisement

This is a Guest Post from our friends over at WLTReport.

View the original article here .

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A Russian oligarch's megayacht seized by the US is costing taxpayers a fortune, and the government is desperate to sell

  • A Russian oligarch's seized megayacht is costing US taxpayers $922,000 a month, a court filing says.
  • Officials said last month it costs $600,000 — but there's also insurance and dry-docking fees.
  • Another Russian billionaire is claiming ownership of the yacht and opposing attempts to sell it.

Insider Today

A Russian oligarch's megayacht is costing taxpayers almost $1 million a month after the government seized it, court filings say.

US officials say the $300-million Amadea is owned by Suleiman Kerimov , a sanctioned Russian billionaire. It has a helipad, a swimming pool, and a movie theater on board.

The 348-foot vessel was first seized by authorities in Fiji in April 2022. It's now docked in San Diego, but the government wants to sell it due to huge maintenance costs.

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Last month, an assistant chief in the US Marshals Service said the Amadea was costing the government about $600,000 a month .

That's made up of $360,000 for crew salaries; $75,000 for fuel; and $165,000 for maintenance, waste removal, food for the crew, and miscellaneous expenses.

But a Friday court filing seen by Business Insider says there are actually even more costs that bring the total monthly bill up to $922,000.

It costs $144,000 to insure the megayacht, and dry-docking fees of $178,000 a month, the filing says.

The legal battle over the Amadea involves another Russian billionaire, Eduard Khudainatov, who claims he, not Kerimov, is the owner of the yacht.

Lawyers for Khudainatov, who is not sanctioned, have objected to the government's attempts to sell the Amadea.

According to CNBC, which first reported on Friday's filing, Khudainatov has offered to reimburse the government for the $20 million it has already spent maintaining the yacht if it's returned to him.

However, as long as the government continues trying to sell the Amadea, he won't pay the costs, CNBC reported.

Watch: Putin's $51 billion Sochi plan blew up in his face

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Virginia Beach yacht, 75-foot, catches fire, 3 people on board rescued in dramatic fashion

A 75-foot-yacht off the coast of Cape Henry in Virginia Beach caught fire, forcing its occupants to jump into the water, the U.S. Coast Guard said.

Mayday call for "a recreational vessel on fire" came in around 3:30 a.m. Friday, a spokesperson of the U.S. Coast Guard told USA TODAY over the phone.

Motor Vessel Savage, a 75-foot-yacht, was on fire about two miles off the coast of Cape Henry.

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Three adults who were on board the vessel jumped into the water and were later rescued by a pilot boat, said U.S.C.G.

Dramatic rescue: Video shows 7 people being rescued after seaplane crashes near PortMiami: Watch

Three people aboard jumped into waters, rescued from burning yacht

"All three were picked up within approximately 10 minutes by pilot boats and no injuries are recorded," said the U.S.C.G.

The Virginia Beach Fire Department, assisting the Coast Guard, towed the boat to Fort Story, a military base on Virginia Beach, where it is still smoldering.

The fire department is fighting the fire from the shore, said the spokesperson, adding that the vessel is against a rock. The U.S.C.G. is also monitoring the situation, with a boat on scene.

The cause of the fire has not yet been determined, said the U.S.C.G.

Saman Shafiq is a trending news reporter for USA TODAY. Reach her at [email protected] and follow her on X, formerly Twitter, at @saman_shafiq7.

This article originally appeared on USA TODAY: Virginia Beach yacht, 75-foot, catches fire, 3 people on board rescued in dramatic fashion

This is a file photo of from 2011 of Virginia Beach, VA. On March 8th, 2024, a large yacht caught fire causing the 3 people aboard to jump into frigid waters. They had to be rescued by a pilot boat.

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