MALE: A day after coal and fertiliser billionaire Andrey Melnichenko was placed on the European Union's sanctions list on Mar 9, his superyacht the Motor Yacht A stopped broadcasting its location while in Maldives' waters, maritime data shows.
But in Maldives, the chances of action against the property of sanctioned oligarchs are in any case slim, according to interviews with a dozen people familiar with internal discussions about how to respond to American and European financial sanctions, including government ministers, diplomats and experts in the country's superyacht industry.Russia's invasion of Ukraine
Three of the yachts obscured their live locations, changed reported destinations or moved into international waters, according to data supplied by MarineTraffic, a marine analytics provider.