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Italian Police Seize Russian Oligarch Andrey Melnichenko’s 468-Foot ‘Sailing Yacht A’

The list keeps growing with the impoundment of "sailing yacht a" and suspicion that "scheherazade" might be connected to vladimir putin., michael verdon, michael verdon's most recent stories.

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Italy’s finance police seized one of the world’s most iconic sailing yachts, owned by a Russian oligarch. Andrey Melnichenko’s Sailing Yacht A , with an estimated value of $578 million, was impounded in dry dock at the Port of Trieste, according to a statement from the Guardia di Finanzia. Melninchenko was sanctioned by the European Union on March 9 as part of a group of Russian oligarchs who met with Russian President Vladimir Putin following its Ukraine invasion to discuss the potential economic impact of EU and American sanctions.

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Melnichenko owns the major fertilizer producer EuroChem Group and SUEK, a coal company. He also owns the 390-foot Motor Yacht A. A spokesperson said in a statement that Melnichenko has nothing to do with politics and that he has removed himself from the board of Eurochem and SUEK after the EU sanctioned him. “He has no relation to the tragic events in Ukraine. He has no political affiliations,” said the statement.

US intelligence officials have also said they are trying to link the Scheherazade , a $700 million superyacht in dry dock in Italy, to Putin. The New York Times reported that the US government has made no definite conclusions about the yacht’s ownership, but believe it could be owned by the Russian president. The yacht’s captain, Guy Bennett-Pearce, told the Times that Putin had no stake in the yacht, but declined to name the owner. Bennett-Pearce said he would provide Italian police with documents that divulged the owner’s name. The Italian Sea Group, which owns the shipyard where Scheherazade is dry docked, said that, based on “checks carried out by relevant authorities,” the yacht is “not attributable to the property of Russian President Vladimir Putin.”

Roman Abramovich, who owns Solaris. last week was placed on the UK sanctions list.  Courtesy of Lloyd Werft

Chelsea FC owner Roman Abramovich was also added to the UK sanctions list days after he announced the sale of the football club. Abramovich, who owns a string of supercars and several private jets, also owns the superyachts Solaris and Eclipse. Solaris is reportedly sailing towards Israel, where Abramovich has dual citizenship.

On March 3, France’s finance ministry said that it had impounded Amore Vero , a yacht owned by Igor Sechin, CEO of Russian oil giant Rosneft. The EU had sanctioned Sechin earlier that week, calling him one of Putin’s “most trusted and closest advisors, as well as his personal friend.” German authorities also detained the 512-foot superyacht Dilbar in Hamburg, owned by Alisher Usmanov. Reports said the crew was fired last week. On March 5, Italian authorities impounded two yachts, Lena and Lady M , owned by Gennady Timchenko and Alexei Mordashov, respectively.

On Friday, the US State Department placed Viktor Vekselberg on its sanctions list. Two of Vekeselberg’s luxury assets, an Airbus A319-115 jet and his yacht Tango , were identified as “blocked property.”

The superyacht Scheherazade was impounded in Italy during an investigation to uncover whether it is owned by Russian President Vladimir Putin.  Video Still/YT

The seizures have prompted the superyacht industry to distance itself from the oligarchs. Italian yacht builders Sanlorenzo and Azimut both released statements that they have limited exposure to Russian clients, and none are on the sanctions list. Heesen Yachts released a statement that two Russians sitting on its supervisory board of directors have resigned their positions. The builder said Heesen is 100-percent Dutch-owned company and that Pavel Sukhoruchkin and Pavel Novoselov had nothing to do with its day-to-day operations.

Ownership of many Russian yachts is often hidden by shell companies in tax havens like the Cayman Islands. They are not only hard to trace, but actually seizing and selling them could present a legal quagmire that could take years to resolve.

Some are wondering whether seizing the oligarchs’ private yachts and jets will work. “Sanctions are another example of the West doing what it does best, which is just throwing a lot of cash at the problem and hoping it gets solved,” Olga Chyzh, a professor of political science at the University of Toronto, told the Washington Post. “However sad they are to let go of their Western assets, oligarchs have even more to lose if Putin is no longer there to protect them.”

Eclipse is another yacht owned by Roman Abramovich.  Robb Report File

In the meantime, some oligarchs are taking their yachts to destinations like the Maldives , the Seychelles and Dubai, which have no extradition treaties with the US and EU. Dubai has become a favorite destination for Russian tourism and wealth.

Alex Finley, a former CIA officer, has been tracking the yachts from Barcelona. Using the hashtag “Yacht Watch,” she posts updates on Twitter for Russian-owned superyachts.

“For me, the yachts are a big, easily recognizable symbol of the more serious side of this [Russian invasion]: These are people who support a dictator, and have been supporting him in carrying out destabilization operations against democracy, while at the same time coming here and taking all the benefits of the exact same democracies they were destabilizing,” Finley told the Washington Post.

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SAILING YACHT A

Sailing Yacht A is Andrey Melnichenko’s new superyacht, built by Nobiskrug and designed by Philippe Starck. In August 2015, we became the first to publish the story of Sailing Yacht A, and since then we’ve covered this sail-assisted motor yacht in great detail.

About SAILING YACHT A , brought to you by BOATPro

SAILING YACHT A, a 142.81 m Sail Yacht built in Germany and delivered in 2017, is the flagship of Nobiskrug .

Her top speed is 21.0 kn and she boasts a maximum range of 5320.0 nm when navigating at cruising speed, with power coming from two MTU diesel engines. She has a gross tonnage of 12700.0 GT and a 24.88 m beam.

She was designed by Philippe Starck , who also designed the interior. Philippe Starck has designed 5 yachts and designed the interior of 5 yachts for yachts above 24 metres.

The naval architecture was developed by Dykstra Naval Architects (28 other superyachts architected) and Nobiskrug (10 other superyachts architected) - she is built with a Teak deck, a Steel hull, and Composite and Steel superstructure.

SAILING YACHT A is in the top 5% by LOA in the world. She is one of 4 sailing yachts longer than 100m, and, compared to similarly sized sailing yachts, her cruising speed is 4.0 kn above the average, and her top speed 4.83 kn above the average.

SAILING YACHT A is currently sailing under the Sierra Leone flag (along with a total of other 6 yachts). She is known to be an active superyacht and has most recently been spotted cruising near Italy. For more information regarding SAILING YACHT A's movements, find out more about BOATPro AIS .

Specifications

• Name: SAILING YACHT A
• Yacht Type: Sail Yacht
• Yacht Subtype: Motorsailer
• Builder: Nobiskrug
• Naval Architect: Nobiskrug , Dykstra Naval Architects
• Exterior Designer: Philippe Starck
• Interior Designer: Philippe Starck
• Refits: 2021,2021

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SAILING YACHT A – World’s Biggest Sailing Yacht – $600 Million

SAILING YACHT A measures 143 meters making her the world’s biggest sailing yacht.

SAILING YACHT A is far more than a luxury vessel. She is a masterpiece of design and innovation combining sleek metal surfaces with futuristic naval architecture that took over two years to complete.

Launched in 2017, both the interior and exterior of this mega sailing yacht were designed by Phillippe Starck, who calls SAILING YACHT A one of his most high-profile projects.

The superyacht has taken on voyages all around the world and was most recently spotted sailing off the coasts of Gibraltar and Cyprus.

SAILING YACHT A interior

Both the interior and exterior of SAILING YACHT A were designed by Philippe Starck , a French architect known for his wide range of design projects.

He famously worked on the impressive MOTOR YACHT A, and the two iconic vessels share a lot of similarities in their layout and specifications.

Both yachts look incredibly futuristic and are sure to attract attention wherever they go.

While no exact details are known about the interior of SAILING YACHT A, it is rumored that she has an underwater observation pod with 30 cm (1 ft) thick glass located in the keel of the vessel.

This is one of the few parts where design mockups are publicly available, and the style of the interior can be examined.

The observation pod appears to have cream upholstery that stretches across the floor and ceiling of the cabin.

Two large symmetrical glass windows allow guests to view the breathtaking underwater world without even having to leave the yacht.

A third window is located at the bottom of the pod, which lets it feel like a true 360-degree experience and is almost comparable to a submarine.

A small floating side table provides guests with a space to place drinks or snacks in the pod and enjoy a one-of-a-kind dining experience in this unusual location.

Since the pod is located at the keel of the yacht, the large propellers are most likely visible from the windows suggesting it is most commonly used at anchor.

The superyacht has ten cabins that can accommodate 20 guests as well as a further 54 crew member.

Paparazzi photos and the work of yacht spotters provide a rare glimpse into the interior of SAILING YACHT A.

No official footage of cabins or salons has been released, although Starck’s past work suggests that the yacht would be furnished with opulent elements that perfectly combine luxury with style.

Silver and metal decorations play a large role and tie the interior design of the yacht together. 

However, SAILING YACHT A was launched much later than her motorized companion suggesting her interior might be more modern with minimalistic elements rather than lavish furnishings.

Occasional photographs shot through open doors, and portholes show expensive art pieces decorating the interior of the yacht and rather absurd design choices like a set of chairs shaped like large human heads.

The yacht appears to feature a large, open salon with an elevated seating area and symmetrical arches on either side.

While details aren’t known to the public, it is rumored that SAILING YACHT A features a luxurious spa area, a sizable gym as well as an owner’s suite with several rooms that is only accessible via fingerprint.

The massive private area is said to feature a 60-inch television that disappears into the floor as well as a rotating bed. 

Considering she is the largest sailing yacht in the world, it is surprising that SAILING YACHT A can only host 20 guests.

This suggests that there are spacious entertainment areas located on board, including several saloons and ample below-deck space for crew members.

Due to her large size and a small number of cabins, it is assumed that SAILING YACHT A can welcome a large number of day guests onboard for special events and celebrations.

Biggest sailing yacht controversy

It has been the topic of debate that SAILING YACHT A is not the largest yacht in the world but instead the ‘largest sail-assisted motor yacht.

Depending on the definition used, that would make BLACK PEARL the biggest sailing yacht in the world.

The most expensive sailing yacht

SAILING YACHT A is the most expensive sailing yacht in the world and cost an estimated price of US $600 million – a relatively “affordable” price considering her large size and tonnage.

A calculated US $48,000 per ton is considered low in the yachting industry, where European yachts are usually priced at US $60,000 per ton and over.

This average price would bring the value of SAILING YACHT A up to nearly US $800 million. However, due to the fact that the official sales price has not been released to the public, these numbers are mere estimates and cannot be validated officially.

Since the yacht is a custom project and one of a kind, it can be assumed that the total value of SAILING YACHT A lies far higher than her initial price.

In addition to any cost for the crew, supplies, and docking fees, she has annual running costs of US $50-75 million.

SAILING YACHT A is currently not available for sale or charter.

Specifications

SAILING YACHT A is incredibly large for a sailing yacht, and even compared to the longest motor yachts in the world, she would rank in the top ten.

Paired with her unusual futuristic design, this mega sailing yacht has a length of 143 meters (469 ft), a beam of 25 meters (82 ft), and a draft of 8 meters (26 ft) making her a more than an impressive vessel.

SAILING YACHT A was built by Nobiskrug , a German superyacht builder at their Kiel shipyard, and launched in 2017 after more than two years of construction.

To date, SAILING YACHT A is the largest yacht ever built by Nobiskrug and remains their flagship.

It is considered the most complicated project to ever be completed in the sailing industry and gained international media attention on its launch date. It has a total volume of 12.558 tons and is powered by hybrid diesel-electric engines. 

SAILING YACHT A is considered the longest sailing yacht in the world and is more than 36 meters (118 ft) longer than BLACK PEARL, which ranks in second place on the list.

Coincidentally her project name was WHITE PEARL which is a reference to her brilliant white exterior, although it couldn’t have referred to BLACK PEARL since she was only launched in 2018, a year after Melnichenko’s masterpiece.  

Her three-carbon masts stand at an impressive 100 meters (328 ft), making them some of the largest in the world and taller than Big Ben in London.

However, her large size is sometimes also limiting as she struggles to fit underneath most bridges and is therefore constrained to certain routes.

She once passed under the Golden Gate Bridge in San Francisco with only 20 feet to spare between her masts and the bottom of the famous bridge.

She is rumored to have an electric gimbal crow’s nest, which allows for remote operation and advanced wind measurements. Her sails are all white, and her masts have nearly sickle-like shapes, which add to her striking futuristic appearance.

It is noteworthy that she is commonly photographed with her sails down, which suggests she might be using her support engines more frequently than true wind power.

With a sail area of more than 3.700m^2 (40.000 square ft), she can reach top speeds of up to 21 knots which is supported by her twin 4895 Horsepower MTU engines .

Her average cruise speed lies at 16 knots, and her total range is estimated to lie at 5320 nautical miles. She features a state-of-the-art sail system that is able to raise and lower the sails and anchors at the touch of a button. 

SAILING YACHT A has a steel hull and composite steel superstructure, which is unusual in the superyacht industry as most shipyards choose aluminum to reduce weight and keep the vessel light.

She currently sails under the flag of Bermuda, which is common for prominent sailing yachts.

During construction, SAILING YACHT A was called project WHITE PEARL, a fitting name for this sizable vessel.

Like her interior, the exterior of SAILING YACHT A was designed by Philippe Starck, although the Dutch studio Dykstra Naval Architects played a role in the naval architecture of the vessel.

They specialize in sailing yachts of all sizes and have been involved in many prominent projects in the industry over the years.

She features eight teak decks with a large swimming pool located in the center and several elevators spread across the yacht.

She is even said to carry a submarine. The main pool is lowered into the deck allowing for additional privacy for the owners.

Her hull has 24 shell doors, which are used to access equipment and provide additional deck space if needed. She is accompanied by four tenders also designed by Philippe Starck and built by Lloyd Stevenson in New Zealand.

Their sleek and elegant design matches that of the main vessel, and they are used for transporting guests and taking them on excursions.

One of the tenders of SAILING YACHT A is a carbon fiber speedboat especially reserved for the owner who can operate the vessel autonomously whenever required without the aid of crew members.

This allows Melnichenko, who is a fan of driving high-speed cars to be independent when staying aboard his luxury yacht. The tender is small but powerful, reaching speeds of up to 53 knots.

The larger tenders can seat up to eight passengers and feature panoramic windows ideal for sightseeing and exploring but are much slower at only 30 knots. 

The aft features a large garage used for storing jet skis, tenders, and other equipment.

High-profile artists such as Snoop Dogg are rumored to have performed here, although detailed evidence of such concerts remains unknown.

Whenever the aft isn’t used for performances or parties, it can be transformed into a swimming platform designed in the yacht’s iconic futuristic style. 

However, despite her cutting-edge design features, SAILING YACHT A surprisingly also includes classic nautical elements. She has a wooden steering wheel that is reminiscent of a pirate ship, although it is not operational.

The captain of the vessel can instead use modern technologies to operate the massive yacht via a small joystick and touchscreen.

There are symmetric extendable balconies that protrude from the bridge of the yacht and allow the crew to have a better view to be able to gauge the dimensions of the immense vessel.

Of course, SAILING YACHT A has a modern underwater lighting system that illuminates the vessel perfectly at night.

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World's Largest Sailing Yacht Meets Its Baby Brother In Monaco

Russian oligarch Andrey Melnichenko owns both of the Philippe Starck-designed megayachts, which sailed together for the first time.

Size matters.

That's clear in the case of Russian billionaire Andrey Igorevich Melnichenko's new boat, known as "Sailing Yacht A," which, according to Boat International , is the largest sailboat in the world . The Philippe Starck-designed vessel was built by the German shipyard Nobiskrug and delivered in February 2017. Earlier this week, it turned up in Monaco with its younger, Starck-designed brother, the 390-foot Motor Yacht A.

At 468 feet long, the Philippe Starck-designed sailboat dwarfs the smaller yacht, which Melnichenko also built and reportedly put up for sale last year .

The Russian, who has an estimated net worth of $12.9 billion and founded companies including a fertilizer producer, a coal producer, a power generator, and a pipe exporter, spent a reported $400 million on the sailing vessel.

Its masts reach 300 feet into the sky (the main one is so large it has a small room inside it) and the yacht can reach a maximum speed of 24 miles per hour. A crew of 54 attends to the 20 guests it can hold.

Melnichenko allegedly chose the name "A" to make sure that his vessels were listed first in shipping registers.

Sam Dangremond is a Contributing Digital Editor at Town & Country, where he covers men's style, cocktails, travel, and the social scene.

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Russian oligarch Andrey Melnichenko berths superyacht in UAE

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Simeon Kerr in Ras al-Khaimah

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Investigators around the world have been searching for sanctions-hit Russian oligarchs’ yachts. One has been hiding in plain sight.

Italian authorities in March impounded Russian coal and fertilisers magnate Andrey Melnichenko’s $600mn Sailing Yacht A after Russia invaded Ukraine. Another yacht, the $300mn Philippe Starck-designed Motor Yacht A, has been anchored for weeks in the port of Ras al-Khaimah, in the United Arab Emirates.

By placing his yacht in the UAE, Melnichenko has put it beyond the reach of western governments enforcing sanctions on those deemed supportive of Russian president Vladimir Putin’s war on Ukraine.

Its presence is a symbolic reminder of the Gulf monarchy’s ambivalence towards western sanctions on Russia, allies of Putin and the wealthy businessmen who have often benefited from ties to the state.

While the UAE government is trying to enhance measures against money laundering to exit a global dirty-money watchdog’s watchlist, the economic foundation of cities such as Dubai has long been based on welcoming flows of assets and people.

“Given its non-enforcement of western sanctions, the dilemma for the UAE is how to sustain its place as an open destination for capital while also appearing to be a good global citizen,” said one compliance professional. “It’s a tricky balancing act.”

The government of the Isle of Man said it had in March deregistered Melnichenko’s yachts, including Motor Yacht A, because of western sanctions, saying, “we will continue to act with appropriate robustness should the situation warrant it”.

Marine locator services placed Motor Yacht A off the Maldives in March. The Financial Times then saw the yacht on April 18. On Saturday it remained moored opposite Ras al-Khaimah’s city-centre fish market.

Businessmen in the UAE say Melnichenko, who denies affiliations to the Kremlin, held meetings there in April, but the tycoon has since returned to Moscow. A representative of Melnichenko, who has been placed under sanctions by the EU and UK as well as Switzerland and Australia, referred questions on the yacht to a lawyer who declined to comment.

UAE authorities in Dubai, Ras al-Khaimah and Abu Dhabi declined to comment.

European officials say they have raised concerns with Emirati counterparts that the UAE could become a financial haven for Russians placed under western sanctions. “We don’t want our allies to become facilitators for the Putin regime,” said one.

The UAE government has said it is maintaining a neutral course through the war, calling for an end to hostilities and providing humanitarian aid to Ukraine. Abu Dhabi, which has developed closer ties with Moscow in recent years, has also assured its allies that sanctions-hit entities will not be able to operate in the UAE. The Gulf monarchy, which has long argued that it is not compelled to enforce other nations’ sanctions, is keen to maintain its historical role as an apolitical territory focused on business.

Thousands of wealthy, non-sanctions-hit Russians have relocated to the UAE to escape economic uncertainty and political instability at home, even though they sometimes struggle to access the financial system. “Big banks are more cautious but smaller banks are offering help to those wishing to relocate. It’s just taking a lot of time,” said a Russian businessman.

Very wealthy Russians generally find financial institutions accommodating. Most of the wealthy elite have second passports from countries that sell nationality, such as Malta or Portugal, which facilitates the opening of new accounts with lenders that are warier of Russian passport holders.

Others have turned to alternative routes, such as cryptocurrencies and hawala, or informal money exchange services. The cost of this service has risen from 1 per cent of the transaction value to 5 per cent since the war broke out as demand surges, said one person aware of the trades.

Many in the UAE see a hypocrisy in western concern over the presence of the yacht and the Russians building new lives there. “So it was OK for London to take all the oligarch money but not for Dubai?” asked one lawyer.

Additional reporting by Nastassia Astrasheuskaya in Riga

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The $578 million megayacht owned by Russian oligarch Andrey Melnichenko was seized by Italy

• Russian oligarch Andrey Melnichenko's yacht was seized Friday, Italian authorities said.
• Sailing Yacht A is the world's largest sailing yacht at around 469 feet long and has eight decks.
• Melnichenko was sanctioned by the European Union in response to Russia's invasion of Ukraine.

A megayacht belonging to Russian oligarch Andrey Melnichenko was seized by Italian authorities on Friday, CNN reported.

A statement from Italy's finance police said the yacht, known as SY A or Sailing Yacht A, was worth around 530 million euros, or $578 million, according to CNN. It also said the yacht was currently in storage in Trieste, Italy. Maritime tracking data viewed by Insider confirmed the location of the yacht in the Adriatic Sea.

Melnichenko is one of the billionaire oligarchs sanctioned by the European Union in response to Russia's invasion of Ukraine. Melnichenko, who is worth $11 billion according to Forbes, founded fertilizer producer EuroChem Group and coal energy company SUEK.

In announcing its decision, the EU council said Melnichenko "belongs to the most influential circle of Russian businesspeople with close connections to the Russian Government." It also said he was among a group of 37 businesspeople who met with Russian President Vladimir Putin and other officials on February 24 to discuss the impact of potential sanctions.

"The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine," the EU said, adding it also showed he is "providing a substantial source of revenue to the Government of Russia."

In a statement provided to Insider, a spokesperson for Melnichenko denied the EU's accusations about his connections to the war in Ukraine.

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"Andrey Melnichenko is an international self-made entrepreneur. He has no relation to the tragic events in Ukraine. He has no political affiliations. To draw a parallel between attending a meeting through membership in a business council, just as dozens of businesspeople from both Russia and Europe have done in the past, and undermining or threatening a country is absurd and nonsensical," the statement said.

"There is no justification whatsoever for placing him on the EU sanctions list. We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail," the statement continued.

The spokesperson also noted Melnichenko resigned as a member of the board and main beneficiary of both EuroChem Group  and SUEK this week, as the companies announced in separate statements on Thursday. He also said both companies are privately owned and not affiliated with any government, and that EuroChem Group is based in Switzerland.

Sailing Yacht A is the worlds largest sailing yacht at around 469 feet long, according to SuperYachtFan.com . It has 300-foot masts, eight decks, a swimming pool, and an underwater observation pod. It's one of several megayachts owned by Russian oligarchs that are subject to sanctions.

Some Russian oligarchs and billionaires have tried to escape sanctions by transporting their luxury yachts to places like Dubai, which has not enacted sanctions, and the Maldives, which does not have an extradition treaty with the US.

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Lo yacht A non è più in rada, ma si è solo spostato in Porto nuovo a Trieste per lavori

Ora si trova all’ormeggio 47 e si accinge a fare una manutenzione

Lo yacht A in Poeryo nuovo a Trieste Foto Andrea Lasorte

Lo yacht A non è più in rada nel golfo di Trieste. Da questa mattina, lunedì 23 settembre, il panfilo riconducibile all’oligarca russo Andrey Melnichenko e sottoposto a congelamento amministrativo dall’inizio dell’invasione dell’Ucraina si trova all’ormeggio 47 del porto, tra il molo VI e il molo VII. Come raccontato recentemente dal Piccolo, lo yacht A si accinge a effettuare un intervento di manutenzione ed è probabile che la sosta in questione sia riconducibile a tale scopo.

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