Dubai Boat Show: Will Sanctions Lead to Billionaire Superyachts Being Seized? - Bloomberg
Superyachts, the ultimate symbol of excess, have long had a whiff of the sordid amid all the splendor.
At this year’s Dubai International Boat Show, there are other S-words hanging in the air -- sanctions, seizures.
In normal times, this yacht exposition, held at a brand-new marina, would be just like all the others: Giddy displays of lavishness put on to entice a growing universe of would-be buyers and awe normal-folk spectators.
But the war in Ukraine and sanctions against some of Russia’s moneyed elite have thrust superyachts to the fore of public consciousness like never before.
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