A Russian billionaire’s yacht controlled by authorities this Thursday in Monaco

The yacht of Russian oligarch Sergei Galitsky was inspected by French customs during the day in Monaco. Quantum Blue, 104 meters long and moored in the port of the Principality for almost two years, could not sail, stopped by the Monegasque Maritime Police, while his departure was decided urgently on Wednesday morning, according to Nice-Matin.

However, its owner, whose fortune is estimated at several billion dollars, is not subject to European sanctions. The precautionary principle is probably applied.

Direction Dubai

European sanctions are aimed at nearly 500 Russian individuals or legal entities whose assets and economic resources must be gradually frozen until European countries manage to find them and link them to their owners.

“There are many echoes in the community about Russian yachts preparing to leave the Cote d’Azur,” said a source familiar with the sector for fear of sanctions, also mentioning Dubai as one of the potential destinations. Quantum Blue is exactly planning to go to the United Arab Emirates on the advice of the Kremlin, according to a local daily.

Amore Vero in La Ciotat and Dilbar in Hamburg were seized.