, 2023-01-06 17:35:43
Documents show that the sanctioned tycoon has a much larger fleet than previously known. At least one of the previously unreported yachts is currently in French territory, putting it at risk of being frozen by authorities.
A trove of leaked documents has revealed several previously unreported assets owned by sanctioned Russian billionaire Roman Abramovich. The files, shared with the Organized Crime and Corruption Reporting Project (OCCRP) and its partners, including Forbes, show that Abramovich owns at least 10 more yachts and vessels through offshore companies and trusts—in addition to six yachts worth at least $1 billion that were already public knowledge.
The documents come from MeritServus, a Cyprus-based corporate services provider used by Russian oligarchs, and were initially shared with The Guardian, which received them from an anonymous third party. According to The Guardian, the files show that Abramovich transferred ownership of 10 offshore trusts with billions of dollars in assets—including the trust that owns his yachts and private jets—to his seven children in early February 2022, just three weeks before the Russian invasion of Ukraine and about a month before Abramovich was sanctioned by the U.K. and EU. An OCCRP investigation using company records and documents in the leak also revealed that Abramovich had invested some $230 million in a large Russian forestry company—whose other shareholders included the Russian…
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