Turkey Becomes Haven for Superyachts Owned by Sanctioned Russian Oligarchs

At least five superyachts owned by Russian oligarchs have docked in Turkey since the start of the war in Ukraine, marking an attempt by the nation’s ultra-rich to avoid Western sanctions.

For months, Russian oligarchs have scrambled to relocate their assets, including luxury yachts and private jets, to avoid having them seized by the United States and European countries. Turkey has since become a safe haven, as the nation has yet to impose its own sanctions against Moscow for its ongoing invasion.

The latest superyacht, a $400 million luxury vessel dubbed the Flying Fox, arrived in Bodrum,…

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