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Nord megayacht belonging to Russian billionaire sails down a canal
The megayacht Nord, which belongs to Russian billionaire Alexey Mordashov.Axel Heimken/picture alliance via Getty Images
  • The private jets and yachts of Russian billionaires are still on the move.

  • They have evaded sanctions from global powers because of the invasion of Ukraine.

  • High-end assets could be rendered useless if that changes.

Russia's invasion of Ukraine and the ensuing economic sanctions against the nation's elite haven't deterred some of its wealthiest citizens from continuing to traverse the globe in megayachts and private jets.

The aircraft owned by Russian billionaires continue to fly in and out of Moscow. The jets belonging to the chairman of the chemical firm and the steel baron both landed in Moscow on Thursday.

Mordashov has a net worth of $23 billion. He owns a $500 million megayacht, which is currently cruising around the East African island nation.

Roman Abramovich, a Russian billionaire, flew into Moscow from an airport near Monte Carlo on his Boeing plane last week. According to the billionaires index, which tracks the worth of billionaires, Roman Abramovich is the largest shareholder of Russian steelmaker Evraz. Amid growing backlash to his ownership of the club, Abramovich announced Saturday that he would hand off stewardship of the team to the club's charitable foundation, though he remains the team's owner.

The Eclipse, which is among the world's largest yachts, is one of the megayachts owned byAbramovich. The shipyard in Barcelona is refitting the Solaris.

The Aurora and the Galactica Super Nova are both owned by Russian billionaires and moored in Barcelona.

Some of the world's most expensive private aircraft and sailing vessels, as well as high-end real estate and purchases like Roman Abramovich's Premier League club, are owned by Russian billionaires. Many of the ultra-wealthy Russians have not been affected by sanctions from the US, UK, and European Union.

The assets of the super-rich in Russia could be targeted in the future, if sanctions are imposed, because they have already been targeted.

EU businesses wouldn't be allowed to service the yacht in Spain if they were providing fuel or staffing the crew.

She said that the yacht wouldn't be able to function.

According to Brian Schwartz of CNBC, several billionaires, including the one from Lukoil, are moving their boats to avoid being frozen or seized.

The original article is on Business Insider.

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