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Russian oligarch Deripaska's yacht arrives in Turkish waters

April 17, 2022 at 2:39 pm

Russian tycoon Oleg Deripaska attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg on 4 June 2021. [OLGA MALTSEVA/AFP via Getty Images]

A yacht linked to Russian aluminium tycoon Oleg Deripaska arrived in a bay near the southwestern Turkish resort of Gocek on Saturday, as more Russian billionaires head for Turkey to flee Western sanctions over Russia’s invasion of Ukraine, Reuters reports.

Deripaska, founder of Russian aluminium giant Rusal RUAL.MM, has been sanctioned by the United States, European Union and Britain. He has previously called for peace.

A Reuters witness saw the 73-metre (239.5 foot) yacht Clio arrive off the coast of Gocek in the Aegean coastal province of Mugla on Saturday. The Cayman Islands-flagged vessel remains in a bay off Gocek.

The arrival of Clio in Turkish waters comes after two superyachts linked to Russian billionaire Roman Abramovich, who made a surprise appearance at Ukraine-Russia peace talks in Istanbul this month, docked in Turkish ports.

READ: Turkey faces risks acting as sanctions ‘safe haven’ for Russians

World governments are seeking to isolate President Vladimir Putin and his allies over Russia’s invasion of Ukraine, which the Kremlin calls a “special military operation”.

NATO member Turkey shares a maritime border with Ukraine and Russia in the Black Sea, has good ties with both and mediates in the conflict. It has supported Kyiv, but also opposed sanctions on Moscow, including measures against Russian billionaires.

Ankara relies heavily on Russian energy imports and tourists and has emerged as a safe haven for Russians fleeing sanctions, and many have invested in Turkish property.

On Friday, a Ukrainian diplomat said Ukraine is working with Turkey for more support and understands – though it is not happy with – the reality of Ankara’s parallel ties to Moscow.