Over a Dozen Yachts Owned by Russian Oligarchs Out of Reach of Sanctions

More than a dozen Russian oligarch-owned yachts have been moved to remote ports to try to avoid their seizure after Western nations sanctioned their owners.

Sanctions on the oligarchs have increased as Russia continues its invasion of Ukraine. Some of their vessels are being moved to or already are sitting in ports in other nations, according to the Associated Press.

While some oligarchs have already had their yachts seized, others are attempting to get their vessels out of the sanctioning countries' reach.

Several superyachts have been seized in the European Union so far. Russian billionaire Alisher Usmanov's yacht Dilbar was anchored in Germany when the sanctions were announced. On Thursday, an anonymous official told CNBC that the vessel was restricted from leaving the area.