The list of sanctioned Russians is widening and will result in both more yacht seizures and those yachts being denied goods and services for fear of any provider breaching those sanctions.
Our experience also tells us that the banks will not allow payments to or from those suspected of being linked to sanctioned Russians given the reputational risk and potential fines imposed.
The US task force will share intelligence globally so that the effect of US sanctions will be felt far beyond its borders and territorial sea.
If the EU follows the UK's lead in banning all Russian linked vessels from port, then that would affect a larger number of Russian owned superyachts in the Med than the two seized so far.
I discuss this in more detail in my interview with superyacht news.
At the moment, not all Russian Oligarchs are being directly sanctioned. As the ongoing reporting outlines. However, that list is likely to widen and expand as the cooperation between the various nations increases.
https://www.superyachtnews.com/business/what-does-it-mean-for-yacht-to-be-seized
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