If 2022 was the year of the great Russian-owned superyacht saga, when the whole world watched as they tried (and some succeeded) to hide away from author.
PARIS, Sept 15 (Reuters) – A Russian billionaire is suing French authorities in an effort to win back access to two of his yachts, arguing customs officials did not have the right to immobilize.
Andrey Melnichenko was in a bind. Squeezed by European sanctions targeting Russian billionaires, one of Russia’s richest men needed a safe jurisdiction to protect the businesses he’d built. He found it in the United Arab Emirates.