The situation in Maldives underscores the difficulty Western powers face in choking off the wealth of oligarchs targeted by sanctions over Russia's invasion of Ukraine.
The cautious approach by authorities in Maldives to enforcing the sanctions imposed after
Requests for comment about the deactivating of Motor Yacht A’s location devices and its current ownership status, sent to Melnichenko’s spokesperson as well as his charitable foundation, fertilizer producer EuroChem Group, and coal company SUEK – two companies he resigned from in March – went unanswered.
The United States, Britain, and the European Union introduced wide-reaching sanctions against Russian President Vladimir Putin, lawmakers, and businessmen in the wake of the invasion, which Moscow calls a special military operation aimed the “demilitarization” and “denazification” of Ukraine., with authorities confiscating at least six vessels they say belong to some of the dozens of oligarchs hit by sanctions.
With its powder-white beaches and some 1,200 islands, the majority uninhabited, Maldives is a favorite destination of the super-rich.
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