The five superyachts owned by Russian billionaires are being docked in Turkey in order to avoid Western sanctions.
Over the possibility of being placed on sanctions lists, oligarchs have sought to move their assets, such as luxury vessels and private jets, across the world. Turkey is yet to sanction Russia for its aggression.
The Flying Fox, a $400 million yacht owned by the chairman of Moscow's Domodedovo airport, arrived in Bodrum, Turkey, on Sunday morning.
Local newspapers reported that the vessel left the Dominican Republic on April 22 after being investigated by the US.
According to Marine Traffic, the Flying Fox was headed in the direction of Turkey.
The $85 million superyacht owned by a former KGB agent has remained in Turkish waters since May 6, when it docked in the resort of Marmaris.
The vessel left the port in Norway on March 30 after being stuck there because local suppliers refused to refuel it or do business with its owner.
Insider previously reported that the $100 million superyacht, Titan, set sail from Dubai on April 22 and made its way through the Suez Canal.
According to Marine Traffic, Titan left Turkey on May 5 and has beencruising in Turkish waters since. Tracking data shows that it is now near the resort.
The $600 million yacht owned by Roman Abramovich docked in Bodrum on March 21. The $700 million Eclipse arrived in Marmaris a day later.
The Eclipse and the Solaris have remained in Turkish waters since then, with the Eclipse near GxFcek and the Solaris off the coast of Yalikavak.
The Turkish government has criticized the sanctions imposed on Russia by the West, so these five superyachts are not at risk of being seized.
Benjamin Maltby, a partner at Keystone Law who specializes in superyachts, told Insider that the vessels are not immune in Turkey, given that the US was able to seize a yacht.
The fate of the new Turkish fleet depends on the beneficial owners relationship with the Turkish government.
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