Pursuits
Super-Yacht Pedlars in Monaco Fret Russia Sanctions Ending Party
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The million-dollar question at this year’s Monaco Yacht Show: Are the Russians coming?
Economic sanctions in the past months by the U.S. and Europe in response to Russian President Vladimir Putin’s incursions into Ukraine have left the super-yacht industry bracing for fewer orders. Russian billionaires have been a driving force in the market for the world’s biggest yachts as evidenced by the 162.5-meter-long “Eclipse” owned by oligarch Roman Abramovich.