War is Heck for Plutocrats and Oligarchs

Sunken Russian Asset?

Guys, the oligarchs in Russia are worried… about their yachts:

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.

We should note for the record that neither the Maldives nor Montenegro have extradition treaties with the US, so no seizing of assets if they get there first! Piracy at high seas? Meh, not our style. But what about these places?

Montenegro is a member of NATO. Its foreign minister has said Montenegro, which applied for European Union membership in 2008, will join with the EU in its sanctions against Russia.

And in a bit of understatement:

At least three yachts owned by other Russian billionaires are getting closer to the Maldives, a small country located in the Indian Ocean. The island nation has been a hotspot for tourists from Russia over the years. The Maldives tourism minister has said Russia’s invasion will have a major impact on its tourism sector.

Again, I know nothing about geo-politics, but I do know something about human nature and when the Jeff Bezos set are inconvenienced enough, things might begin to change. Seize their toys and Putin’s inner circle might start to pressure him from within the bunker.

One disgruntled sailor is a navy of one:

A Russian oligarch’s yacht was damaged in Spain’s Balaeric islands over the weekend, reportedly by a Ukrainian sailor seeking revenge for Russia’s invasion of his home country…. The luxury yacht, the 155-foot-long Lady Anastasia, with an estimated value of nearly $8 million, reportedly belongs to Alexander Mikheev, CEO of Russian arms company Rosoboronexport.

“My boss is a criminal who sells weapons that kill the Ukrainian people,” the Ukrainian sailor, identified only as D. Taras O., reportedly told officers when he was arrested.

According to reports by two local news outlets, Ultima Hora and the English-language Majorca Daily Bulletin, the 55-year-old Ukrainian boat mechanic proudly admitted his actions in court, saying: “I don’t regret anything I’ve done, and I would do it again.”

And it seems to be working! :

Oleg Deripaska, an oligarch and ally of the Russian president, tweeted: “Peace is the priority. Negotiations must start ASAP.”

Tiger Beat’s email thingie:

— A trickle of Russian elites are breaking with Putin. Two Russian billionaires, MIKHAIL FRIDMAN and OLEG DERIPASKA, spoke out against the war in Ukraine on Monday, calling for an end to the conflict.

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4 Responses to War is Heck for Plutocrats and Oligarchs

  1. MDavis says:

    That Ukrainian mechanic was busted for trying (starting) to skuttle his boss’s yacht. Opened valves from within the boat but stopped before it sank.
    I see he took the opportunity to publicize his reasons, and the press cooperated by publishing his remarks.

    Liked by 1 person

  2. spotthedog says:

    Some of those wealthy Russian yachtsmen may begin to figure out which way the wind is blowing.

    Liked by 1 person

  3. robginchicago says:

    Just a historical reminder: After Trump was impeached the first time (after his “perfect call” (extortion) to President Zelensky in Ukraine) he did finally send the Javelin missiles to Ukraine, but the transfer was conditioned that they remain locked down in storage in Western Ukraine (as far away from Russia as possible) and that they could not be used on the Russians or even against pro-Russian separatists in Ukraine. https://www.businessinsider.com/republicans-leaving-out-key-detail-trump-javelin-sale-to-ukraine-2019-11

    Liked by 1 person

  4. Dave G says:

    Sunken Russian Asset? Sunken Hopes of an American Asshole.


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