autoevolution
 

$700 Million Scheherazade Megayacht Has Refueled and Is Getting Ready to Flee Sanctions

Scheherazade, a $700 million megayacht from Lurssen, is believed to belong to President Vladimir Putin 16 photos
Photo: YachtCharterFleet
The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020The Scheherazade is a $700 million megayacht delivered to a mysterious owner in the summer of 2020$700 million Scheherazade is currently in Italy, not seized because authorities don't know who it belongs to$700 million Scheherazade is currently in Italy, not seized because authorities don't know who it belongs to$700 million Scheherazade is currently in Italy, not seized because authorities don't know who it belongs to140m Megayacht SCHEHERAZADE140m Megayacht SCHEHERAZADE140m Megayacht SCHEHERAZADE140m Megayacht SCHEHERAZADE140m Megayacht SCHEHERAZADE140m Megayacht SCHEHERAZADE
Many of the world’s most famous, most expensive, and most impressive superyachts are currently in trouble due to their confirmed or supposed connections to sanctioned Russian oligarchs. Scheherazade, the 12th vessel in the world by size, is among them.
Scheherazade is a relatively new build, delivered by Lurssen in 2020 to an owner whose identity is yet to be established. Authorities in Italy believe that the owner is none other than Russian President Vladimir Putin, the number one on the international sanctions list over the violent invasion of Ukraine.

Scheherazade has been in the Tuscan port of Marina di Carrara for several months, and just recently, authorities launched an investigation to determine its direct beneficiary (aka owner) and proceeded to impound it if he was on the sanctions list. Until the investigation concluded, Scheherazade was to remain in the dock.

Whoever owns it has no plans to stick around for the investigation to end, the New York Times reports. A former crew member tells the publication that Scheherazade has refueled and resupplied, and has been refloated, which most likely means it’s about to set sail very soon. Protective screens on the decks of Scheherazade have also been removed, in what is yet another sign that it’s getting ready to leave port. To flee, more specifically – if the owner is a sanctioned Russian oligarch.

The same former crew member says that Scheherazade will first have to undergo sea trials for equipment checks before sailing out, but signs point that it’s on its way there. No one refuels and resupplies a gigantic, $700 million, 459-foot (140-meter) megayacht only for the sake of it. More importantly, no one can do that with a megayacht that’s under investigation when fuel and supplies are cut off. In other words, getting fuel and supplies on board must have been a huge challenge, and it was probably done in view of making a clean escape and avoiding sanctions.

Assuming Putin is the real owner of Scheherazade and it is successful in its attempt at fleeing sanctions, this would mean that the Russian President has been able to put all his expensive superyachts to safety. In preparation for the war and anticipating international sanctions, in early February, Putin moved the tri-deck $100 million Graceful superyacht out of Germany into Russian-friendly waters.

*Update, May 06:

Italy has frozen Scheherazade, preventing it from sailing out. More details at the link.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram
About the author: Elena Gorgan
Elena Gorgan profile photo

Elena has been writing for a living since 2006 and, as a journalist, she has put her double major in English and Spanish to good use. She covers automotive and mobility topics like cars and bicycles, and she always knows the shows worth watching on Netflix and friends.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories