Oleg Deripaska’s superyacht on the move as sanctions bear down

The Russian aluminium billionaire has lifted anchor of his superyacht off the Maldives and is now near Port Said in Egypt and heading to Gocek in Turkey.

Russian aluminium billionaire Oleg Deripaska moved his €60m superyacht, Clio, from its anchor off the Maldives, in order to avoid it being seized as part of the ongoing sanctions against Russian oligarchs.

Clio, a €60m superyacht tied to Oleg Deripaska, the Russian aluminium billionaire whose connections to Vladimir Putin have put him on sanctions lists, is on the move again after being anchored off the Maldives.

The 239-foot yacht had been in the Indian Ocean for at least two months as scrutiny around Mr Deripaska and other oligarchs close to Russia’s president increased following the February 24 invasion of Ukraine. Clio is now near Port Said in Egypt and heading to Gocek in Turkey, according to vessel data analysed by Bloomberg News.