Saturday 25 June 2022

Sanctioned Russian's superyacht docked in #Dubai #UAE | Reuters

Sanctioned Russian's superyacht docked in Dubai | Reuters

A luxurious superyacht belonging to a sanctioned Russian billionaire parliamentarian featuring six suites, an elevator, its own beach club and a helicopter pad is anchored in Dubai where Russians have sheltered wealth since the invasion of Ukraine.

Andrei Skoch's blue and white "Madame Gu" was docked at Port Rashid on Friday, where Dubai's Ruler Sheikh Mohammed bin Rashid Al Maktoum keeps his own yacht, both visible to passersby.

Dubai has emerged as a refuge for Russian wealth as Western sanctions target President Vladimir Putin's allies. The United Arab Emirates, seeking to maintain what it says is a neutral position on the war, has not imposed sanctions.

That has frustrated many Western diplomats who privately say the UAE position is untenable and siding with Moscow.

On Wednesday, U.S. Assistant Secretary of State for Near Eastern Affairs Barbara Leaf was asked during a U.S. House Foreign Affairs Subcommittee hearing about reports of Putin-linked oligarchs and businessmen sheltering assets in the UAE.

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