Exclusive-Spain, France have owners pay for yachts frozen under Russia sanctions


  • World
  • Thursday, 20 Oct 2022

Superyacht Meridian A, formerly registered as Valerie (linked to chief of Russian state aerospace and defence conglomerate Rostec, Sergei Chemezov), is docked at Marina Vela Barcelona port while it's frozen by Spanish authorities in Barcelona, Spain, September 21, 2022. REUTERS/Albert Gea

BARCELONA/PARIS (Reuters) - Spain and France have authorized the owners of superyachts frozen under sanctions against Russian businessmen to pay for their upkeep, three sources told Reuters.

In Spain, six vessels were frozen following sanctions imposed after Russia's invasion of Ukraine in February. The "majority" of the owners are paying their maintenance, crew, docking and insurance fees, a source with knowledge of the matter said.

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