Michelson’s superyacht vanishes from radar in the Caribbean

The last time Pacific transmitted its coordinates was on May 8th. According to Bloomberg, the yacht was moving towards the Bahamas

Leonid Mikhelson

The yacht Pacific, owned by NOVATEK CEO Leonid Mikhelson, has stopped transmitting its coordinates, writes Bloomberg, citing data from a service that provides information on vessel movements. The cost of a superyacht— $150 million, its length— 85m.

According to the agency, Pacific left one of the ports of Costa Rica on May 5. The last time the geolocation of the yacht was recorded on the evening of May 8th. Then the ship was in the Caribbean Sea and sailed at almost full speed towards the Bahamas.

According to the head of the law firm I.R. Ian Ralby's Consilium, “It is unlikely that a vessel that could face sanctions enforcement would risk entering the Bahamas,” whose authorities are cooperating closely with US law enforcement. “It is more likely that it will be in another place nearby, more favorable to Russia, — in Cuba or in Venezuela»— the expert believes.

NOVATEK is under US sectoral sanctions. Michelson is not on the US sanctions list, the UK and Canada have introduced restrictions against him.

After Western countries imposed sanctions against Russia because of the military operation in Ukraine, yachts and real estate of Russian billionaires began to be arrested in different countries of the world.

Mikhelson is ranked fourth in the Forbes ranking of the richest Russians. In addition to the board of NOVATEK, he also heads the board of directors of Sibur Holding.

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