Megayacht News Radio: Understanding the Russian Yacht Seizures

Megayacht News Radio

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News media and social media around the world have covered the ongoing Russian yacht arrests and detentions related to the invasion of Ukraine. However, a number of media reports and social media posts since March have gotten the facts wrong, which has understandably led to confusion about what has actually occurred. Some of the reports seem to have stemmed from a rush to have an “exclusive,” but much of it stems from the use of one particular word, “seize,” and variations of it. In a nutshell, there’s an impression that all, or nearly all, of the Russian yachts that have been arrested or detained have been confiscated. But that’s not true.

In this episode of Megayacht News Radio, we help you better understand what has gone on so far, and what is likely to continue. We start with some background on the American task force that’s enforcing sanctions and taking possession of assets, such as yachts, then explain the difference between a yacht being detained and being under arrest, as well as why “seize” is causing a lot of the confusion, and finally outline what the future fate may be for these yachts.

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