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SPAIN SEIZES RUSSIAN OLIGARCH’S YACHT IN BARCELONA

Superyacht Valerie, linked to chief of Russian state aerospace and defence conglomerate Rostec Sergei Chemezov, is seen at Barcelona Port in Barcelona city, Spain, March 9, 2022. REUTERS/Albert Gea/File Photo

Spain has temporarily seized a Russian oligarch’s $140 million yacht in Barcelona, the country said on Monday, as two sources said the vessel belonged to the head of Russian state conglomerate Rostec, an ally of Russian President Vladimir Putin.


The 85-meter superyacht Valerie belongs to Sergei Chemezov, a former KGB officer who heads state conglomerate Rostec, two sources said.


DCO Global News
Published on March 15, 2022
By Odoh Dominic Chukwuemeka


Sailing under the flag of Saint Vincent and the Grenadines, the vessel is registered to Chemezov’s stepdaughter, Anastasia Ignatova, through a British Virgin Islands company, according to a 2021 article published in the Pandora Papers information leak.


The West has sanctioned Russian billionaires, frozen state assets and cut off much of the Russian corporate sector from the global economy since Russia’s invasion of Ukraine on Feb. 24.

Chemezov was sanctioned by the United States in 2014 and Britain in 2020 over Russia’s annexation of Crimea and was named in sanctions lists this month by the United States and Australia.


The U.S. sanctions also targeted Chemezov’s stepdaughter as well as his wife and son.


By Odoh Dominic Chukwuemeka

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