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…
