Oligarchs Assets

US Targets Superyacht Shellest Linked To Russian President Vladimir Putin

Superyacht Shellest linked to Russian President Vladimir Putin is one among the many superyachts that have been sanctioned, seized or detained by various countries.

This is the after-effect of the Russo-Ukrainian War that led to geopolitical tensions and pressured surrounding countries to impose sanctions on Russian Oligarchs in order to weaken the economy of Russia and end the ongoing war.

Key Features of Superyacht Shellest

Superyacht Shellest
Superyacht Shellest

Superyacht Shellest is a 46-metre motor yacht built by Sanlorenzo in 2015. It has a steel hull and an aluminium superstructure. The yacht features an exterior design by Francesco Paszkowski. It can accommodate up to 10 guests in six staterooms.

It also has accommodations for nine crew members, including the ship’s captain.

The yacht has a top speed of 17 knots and a cruising speed of 15 knots, powered by two Caterpillar Inc. engines. It has a maximum range of 3,500 nautical miles and has a volume of 499 GT.

It has a beam of 9.3 metres and a draft of 2.65 metres. Shellest has impressive leisure and entertainment facilities, including a swimming pool. However, it is not available for charter or sale.

Seizure Details of Superyacht Shellest

Seizure Details of Superyacht Shellest
Seizure Details of Superyacht Shellest

Vladimir Putin’s yacht Shellest is one of at least six yachts he has been linked to.

Shellest is a 151-foot (46-metre) yacht built by the Italian shipyard Sanlorenzo in 2005.

According to an investigation by OCCRP, Shellest was reportedly used by Putin as a private yacht for cruising along the Black Sea coast, where he has a residence.

The U.S. Department of the Treasury has targeted Shellest as “blocked property in which President Vladimir Putin has an interest.”

The department also identified Shellest as one of the yachts linked to Putin, along with Nega, Graceful (now named Kosatka), Olympia, and Scheherazade.

How many yachts do Vladimir Putin own?

How many yachts do Vladimir Putin own
How many yachts do Vladimir Putin own?

Vladimir Putin is rumoured to own at least six yachts. These yachts are:

  • Kosatka (formerly named Graceful)
  • Scheherazade
  • Olympia
  • Chayka
  • Shellest
  • Nega

The only yacht that Putin is known to own is Kosatka. Eduard Khudainatov, a billionaire in the oil and gas industry, technically owns Scheherazade, but it is believed that Putin is holding it. Olympia and Kosatka, then named Graceful, were sanctioned by the U.S. Treasury on June 2, 2022, as “blocked property in which President Vladimir Putin has an interest” while Shellest and Nega were targeted as “two additional yachts linked to Putin”. The total value of Putin’s yacht fleet is estimated to be at least $680 million.

What is the situation of Russian Oligarchs after sanctions?

Russian Oligarchs after sanctions
Russian Oligarchs After Sanctions

Since October 2023, Western governments, hand in hand with the United States and their confederates, have executed formidable strategies to impede or confiscate in excess of $58 billion in assets possessed or overseen by blacklisted Russians over the bygone year.

This undertaking stands as a fragment of a broader campaign designed to intensify the pressure upon the Kremlin, a riposte to its incursion into Ukraine. Notably, the most prominent Russian magnates have borne a substantial brunt, witnessing their riches dwindle by a staggering $95 billion throughout this year, the consequence of rigorous sanctions levied by Western nations in the wake of the Ukrainian conflict.

The UK government, for instance, has immobilized resources appraised at over £18 billion, the property of oligarchs and other Russian personalities. Simultaneously, European authorities have steadfastly enforced moratoriums on assets belonging to Russian magnates believed to be bolstering Vladimir Putin’s crusade in Ukraine.

Italy, in reaction to Ukraine’s invasion the previous year, has imposed halts on the assets of Russian tycoons, tallying up to approximately $2.5 billion. Furthermore, the United States and their associates have collectively enforced freezes on assets exceeding $30 billion, belonging to Russian plutocrats.

Consequent to these asset freezes and punitive measures, Russian oligarchs have absorbed momentous monetary setbacks. These sanctions have entailed the congealing of an array of assets, encompassing bank accounts, opulent estates, seafaring vessels, and motor vehicles owned by oligarchs and other Russian notables. Irrespective of legal triumphs, these magnates have found themselves bereft of any future outlook on the accessibility to their capital, art collections, or maritime conveyances.

These actions have additionally contributed to a substantial descent in the fortunes of some of the most prosperous Russian oligarchs, including Roman Abramovich, Gennady Timchenko, and Suleiman Kerimov.

FAQ – Superyacht Shellest

Q.1 What are the key features of Shellest? 
Superyacht Shellest is a 46-metre motor yacht with a steel hull and an aluminium superstructure. It has a top speed of 17 knots and a cruising speed of 15 knots, powered by two Caterpillar Inc. engines. The yacht can accommodate up to 10 guests in six staterooms and nine crew members, including the ship’s captain. Shellest has a volume of 499 GT, a beam of 9.3 metres, and a draft of 2.65 metres. It also has impressive leisure and entertainment facilities, including a swimming pool.

Q.2 Who owns Superyacht Shellest? 
The owner of Shellest is not publicly known. However, according to the U.S. Department of the Treasury, Shellest is linked to Russian President Vladimir Putin.

Q.3 What is the estimated value of Shellest? 
The estimated value of Shellest is not publicly known. However, the total value of Putin’s yacht fleet, which includes Shellest, is estimated to be at least $680 million.

Alexander Harris

Alexander Harris began his career as a journalist. He is one of the founders of the " Russian Oligarchs Tracker Unit ".

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