Today's episode of "To Catch a Yacht": yacht belonging to Alexey Alexandrovits Mordaschov

[Nevilledog]

Link to tweet

Tweet text:

Ferdinando Giugliano
@FerdiGiugliano
Italy’s police has just seized “Lady M Yacht” - a €65m yacht belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) - in compliance with the recent EU sanctions.
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1:27 PM · Mar 4, 2022

It's just a baby....

[mahatmakanejeeves]

1. Oh, 65 million Euros, not 65 meters. I was wondering why they were going for such small stuff. NT

[Nevilledog]

4. Euro symbol doesn't work in title

[WarGamer]

2. why da fuq haven't these yachts been moved out of EU waters???

Idiots deserve to lose their yachts.

[Irish_Dem]

5. Maybe they are so rich they don't care about losing the yachts?

I don't know where there is a safe harbor for them or how long it would take to get there.

[wnylib]

23. Not enough fuel and no one will sell them any?

[Irish_Dem]

26. Right, I was thinking the same.

No access to fuel and boat fuel is expensive anyway.
Maybe they are trying to save some money.

And they will need visas and permission to dock wherever they go.
Maybe no one wants to give them permission.

I would think Saudi might let them park in the seas around them. Maybe even the Saudis don't want the headache of dealing with the Russians.

Even the Chinese are worried about their financial liabilities when it comes to the Russians.

[WarGamer]

37. before sanctions went into effect they were free to buy fuel.

[wnylib]

39. And perhaps had no reason to want

to fuel up and relocate their yachts before sanctions then.

[WarGamer]

40. Morons should have seen it coming...

These things ALL have ranges of 7500+ nM with the ability to be on the seas for several months at a time.

[COL Mustard]

25. We have, under the Constitution, the authority to issues letters of marque and

Seize them pretty much anywhere. Maldives, no extradition treaty? US Navy coming to call. We only want the yacht. We will take it under tow. Best you not interfere.

Seize them, then sell them. Even pennies on the dollar would do a lot to fund security for the refugees.

[L. Coyote]

31. "HQ, we are going to need a bigger tugboat."

Link to tweet

[WarGamer]

38. But read the sanctions.

The vessels are NOT seized, at least Dilbar in Germany.

Any asset in the land of a nation imposing sanctions, the asset is "frozen" legally meaning it can't be bought or sold, it can't engage in commerce, meaning can't buy fuel, provisions or anything.

Dilbar and the other yachts in question are literally FROZEN. Meaning Usmanov is STILL the legal owner. He just can't do anything with the asset.

It would take ANOTHER legal step to start to legally transfer ownership of assets.

[lagomorph777]

3. Nice!

Looking forward to seeing the fleet assembled and sent to the Black Sea to help refugees.

[lastlib]

15. Or bring weapons & ammunition in to the UKR fighters.

[I_UndergroundPanther]

6. If I had a yacht

I would be going back and forth picking up Ukranians and bring them to America.💙💛🌻

[Chainfire]

7. That must be to ferry passengers out to the real yacht.

It would still make a good reef.

[monkeyman1]

8. feed a lot of Ukraine people & pay for damages?????

[BamaRefugee]

9. Are these being sold and the proceeds going to people in Ukraine? if not, fuck the whole idea.

They'll probably just be reported stolen and get the insurance money.

[Justice matters.]

11. Doubtful any insurance corp. would pay for false

reports. Sanctioned is definitely not the same as stolen.

[BamaRefugee]

20. Not sure on any laws about that but if you have something, legally obtained, and then it is taken

from you just because you are a citizen of a certain nation...what's the definition of that?

And this means that the next time the USA invades and bombs a place like, oh I don't know, Iraq lets say, whose citizens, as far as I know, never lifted a finger against us, then we're cool with the world just grabbing rich American's stuff?

Can someone sell a yacht they got through sanctions? Can someone legally buy it?

Who is going to pay for the maintenance of these things, it's not like you can just put them on a trailer and park it in the driveway.

I know you don't have the answers either, just wondering how this could be translated into some very much needed emergency funds for Ukraine.

[L. Coyote]

10. And the yacht exodus begins ....

So, if the UK starts seizing Russian assets, will that include the Conservative MPs?

Link to tweet

[SergeStorms]

14. The Russians have purchased much of London....

and many Conservative/Tory politicians.

Just like the republican party, conservatives the world over have no conscience. Money is their only god. I am surprised the citizens of the U.K. haven't made this a bigger issue. Boris has barely recovered from "Partygate", and now this.

Maybe the people of England have been slapping Boris upside his head. My attention has been east of there for the past week or so. I hope they've been making life uncomfortable for him.

[L. Coyote]

18. Corruption begets more corruption.

Link to tweet

Link to tweet

[SergeStorms]

21. USA! USA! USA!

We're number 5! We're number 5!

Certainly nothing to be proud of there, is there?

[L. Coyote]

34. Biden is doing a daily increase strategy, make it more painful stepwise as Putin keeps invading.

Sends a clear message, we will keep responding if you keep attacking.

[COL Mustard]

27. It's called

Londongrad.

[dhol82]

33. They have quite a footprint in Manhattan also.

Have no idea what they have in DC…….along with a shitload of republicans.

[SergeStorms]

12. Doesn't even have a helo pad.

This must be his dinghy. Where's the real yacht Mordaschov?

[L. Coyote]

13. Kentucky's Teachers Retirement System was the second-largest shareholder for Sberbank of Russia

Link to tweet

[SergeStorms]

16. Gee, I wonder who suggested that investment.....

MITCH!

[Roland99]

17. Renaissance

https://www.dnb.com/business-directory/company-profiles.renaissance_capital_llc.313d8dff8ceda9d2b421bd0ac50645b0.html#contact-anchor


$93k in sales??

[Lonestarblue]

22. Republicans chose the investments.

Several years ago, the idiotic Republicans in Kentucky decided to invest the teachers’ retirement fund in hedge funds and other risky investments. They lost so much money that they cut teachers’ retirement significantly. Matt Bevins, as governor, tried to cut retirements even more, but teachers revolted. He became one of the most hated governors in Kentucky and lost his re-election to the current Democratic governor, Steve Beshear. Unfortunately, he has to deal with a legislature filled with right-wing politicians who are too stupid to tie their own shoes.

Someone definitely needs to find out why Kentucky has so much invested in Russia.

[Danascot]

24. Mitch's house in Louisville

is walking distance from Todd Asset Mgt. Prolly just coincidence.

[SergeStorms]

42. Yeah, coincidence. Has to be.

[FakeNoose]

19. It's hard to fathom how huge these super-yachts are

... until we see it out of the water.

[COL Mustard]

28. When your yacht has a yacht of its own

Then you know it's a big yacht. I've seen some that do.

[Danascot]

36. Just for fun

A lot of information on many of these super yachts is available online. For example:

This site gives builder, year built, length and beam, hull material, engines, number of crew (14), guest capacity (12) etc.

https://www.charterworld.com/index.html?sub=yacht-charter&charter=motor-yacht-stimulus-8041

This one gives location (43.87768 N / 8.02411 E) and flag (Cayman)

https://www.vesselfinder.com/vessels/LADY-M-IMO-1012012-MMSI-319297000

[TNNurse]

29. I read someone suggested a show called "Yacht Seize".

You need to say it out loud.

[L. Coyote]

30. Let's have a show title contest, I'll start: You're Sunk.

[Shermann]

32. That yacht can have a seat right over there! nt

[AverageOldGuy]

35. Be a shame if it sinks . . .

. . . in about two miles of water.

[Yo_Mama_Been_Loggin]

41. Awwww