Russian oligarch's yacht stuck in Norway as sanctions continue to hurt Putin loyalists


Neil Murphy
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An oligarch's yacht is stranded in Norway after locals refused to refuel the vessel over its owner's links to Russian President Vladimir Putin.

The 68-metre Ragnar, owned by former KGB agent Vladimir Strzhalkovsky, is stuck in the northern port town of Narvik.

The ship’s captain has contacted suppliers in the area without success, public broadcaster NRK reported.

Rune Edvardsen, the town’s Mayor, said the situation must be settled politically. Norway is not an EU member, but has said it will join Brussels’ sanctions against Russia over Ukraine.

While neither Strzhalkovsky nor the yacht have had sanctions officially imposed against them, suppliers are wary, said Mr Edvardsen, who is talking with local suppliers and other government officials.

“The government does not want businesses and persons to apply their own sanctions against Russian companies,” Bjornar Skjaeran, Norway’s Minister of Fisheries and Ocean Policy, told the local newspaper Fremover Wednesday.

In the meantime, the yacht can get power from the port, “so they’re not freezing to death", Mr Edvardsen said.

Yachts belonging to Russian billionaires have come under increasing scrutiny in recent weeks as European governments mount a sanctions campaign against the country for its invasion of Ukraine.

The superyacht Crescent, which was seized by the Spanish government, moored in Tarragona, Spain. Bloomberg.
The superyacht Crescent, which was seized by the Spanish government, moored in Tarragona, Spain. Bloomberg.

Spanish authorities on Wednesday impounded a third yacht suspected to belong to a Russian oligarch, the country's transport ministry said.

The 135-metre yacht, the Crescent, cannot leave the north-eastern port of Tarragona while the police determine if it "belongs or is under the control of" someone on the EU sanctions list, the ministry said.

The yacht reportedly belongs to Igor Sechin, the head of Russia's oil giant Rosneft and an ally of Mr Putin.

The Crescent has been docked in Tarragona, a port city about 95 kilometres down the coast from Barcelona, since November.

It requested permission to depart the port on March 4 but did not set sail, the ministry said.

Mr Sechin is on the list of Russian tycoons hit by sanctions imposed by the EU after Russia's invasion of Ukraine on February 24.

Spanish authorities on Tuesday impounded a yacht called Lady Anastasia on the Mediterranean island of Mallorca.

The boat reportedly belongs to Russian tycoon Alexander Mikheev, the head of weapons exporting group Rosoboronexport.

Spanish Prime Minister Pedro Sanchez announced on Monday that police had impounded an 85-metre yacht in Barcelona.

That yacht is named Valeria and belongs to Sergei Chemezov, who leads Russian defence firm Rostec.

The authorities in Italy and France have also impounded yachts with links to Russian oligarchs as part of Europe's efforts to pressure Mr Putin to withdraw from Ukraine.

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

MATCH INFO

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Man of the Match Allan (Everton)

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

'Ghostbusters: From Beyond'

Director: Jason Reitman

Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace

Rating: 2/5

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

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French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

While you're here
UAE currency: the story behind the money in your pockets
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EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Results

3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).

3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.

4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.

4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.

5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.

5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Racecard
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MATCH INFO

Euro 2020 qualifier

Russia v Scotland, Thursday, 10.45pm (UAE)

TV: Match on BeIN Sports 

What is Genes in Space?

Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.

It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration. 

UAE currency: the story behind the money in your pockets
Updated: March 22, 2022, 12:01 PM