“Oligarchs typically structure their ownership of these high-value assets through a web of offshore shell companies and trusts that is designed to conceal the true owner”.
The fate of Russian oligarchs’ assets, including superyachts, which were frozen as a result of sanctions following the invasion of Ukraine by Russia, remain in limbo. Our New York Partner, Josh Naftalis speaks to Business Insider on why sanctioned superyachts, like the Amadea, are difficult to buy and sell.
Read the full article here.
