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Russian President Vladimir Putin (R) and billionare, businessman Oleg Deripaska (L) are seen visiting the RusVinyl Russian-Belgian joint polymer plant, near Nizhny Novgorod, 430 km. East of Moscow. Putin is having a one-day trip to Nizhny Novgorod region
Oleg Deripaska (L) with Russian President Vladimir Putin.Sasha Mordovets/Getty Images
  • A super-yacht owned by a Russian billionaire arrived in the Maldives on Monday.

  • The White House warned that it could seize the boats of Russians.

  • The US does not have a treaty with the Maldives.

The super-yacht owned by a Russian billionaire has arrived in the archipelago. It is one of several Russian-owned pleasure craft that is believed to be headed to the sunny island nation, which does not have an extradition treaty with the US.

The yacht is owned by the founder of Russian aluminum group Rusal, who was hit with sanctions by the US. According to port officials, the anchor was dropped off at Mala, the capital of theMaldives.

According to data from Marine Traffic, at least two other super-yachts owned by Russian billionaires set sail for theMaldives after Western nations threatened to seize assets from them.

The White House said on Saturday that it will launch a task force to identify, hunt down, and freeze the assets of Russian companies and oligarchs.

According to its maker Lurssen, the 73-meter Clio was designed for long voyages around the world and self-sufficient living for several months at a time.

One of the two Russian billionaires who spoke out on Sunday against Russia's invasion of Ukraine said peace is very important.

The Biden administration recently targeted 10 Russian billionaires as part of a sweeping package of sanctions against Russia. The sanctions aim to cripple the wealthiest members of the country in order to retaliate against Russia.

Despite the sanctions, Russian billionaires are still using private jets and yachts.

The original article is on Business Insider.

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