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Sanctioned Russian oligarch Roman Abramovich's $600 million superyacht is cruising off Turkey's coast after 8 days' sailing without a destination

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Russian businessman Roman Abramovich next to his Solaris superyacht
Roman Abramovich and his superyacht, Solaris, seen here in Porto Montenegro.
  • Roman Abramovich's yacht was located off the coast of Turkey on Monday, ship-tracking data shows.
  • His $600 million Solaris yacht is "scenic cruising" without a port destination, per Marine Traffic.
  • The yacht might be trying to confuse people over its final destination, a Marine Traffic spokesperson said.

A luxury superyacht owned by Russian billionaire Roman Abramovich that has been sailing without a destination for more than a week, has updated its status for the first time since leaving port, ship-tracking data shows, suggesting that the vessel has no immediate intention of docking.

Solaris, a 140-feet vessel worth $600 million, is currently located off the southwest coast of Turkey and is heading west, according to tracking website Marine Traffic. On Monday, the vessel's status changed from "awaiting orders" to "scenic cruising" – the status it had shown since leaving Tivat, Montenegro on March 13 –Marine Traffic's website showed.

Solaris, Roman Abramovich's superyacht, is located off the coast of Turkey, according to Marine Traffic data.
Solaris, Roman Abramovich's superyacht, is located off the coast of Turkey, according to Marine Traffic data.

Georgios Hatzimanolis, a spokesperson for Marine Traffic, told Insider that although yachts and ships can change their status whenever they want, "most likely in this instance [Solaris is] using the status to confuse people from where its final destination is."

"Lots of speculation on if it will be Turkey, Israel or even possibly the UAE," Hatzimanolis said.

The locations of luxury assets owned by Russian oligarchs are being closely monitored since sanctions were levied against many of the country's elite in response to Moscow ordering troops into Ukraine. European countries, including Italy and France, have already seized yachts, private jets and other assets from a number of sanctioned oligarchs.

Abramovich, who has a net worth of $13.6 billion per Bloomberg, was sanctioned by the UK and EU, meaning his assets were frozen and he's barred from doing business there.

Solaris had been docked in the Barcelona shipyard of Spanish yacht-maintenance firm MB92 since late 202, but left on March 8, shortly before Abramovich, owner of Chelsea Football Club, was hit by UK and EU sanctions.

In the run up to the announcement of sanctions, some of Russia's wealthiest people sought to move their expensive boats and private jets to jurisdictions where they might be able to protect their assets from seizure.

Abramovich's other superyacht, Eclipse, which is worth $700 million, according to SuperYacht Fan, was on Monday located  just off the coast of Crete, a Greek island in the Mediterranean Sea, according to Marine Traffic. The yacht has been sailing since it left St. Martin in the Caribbean on February 21, the ship tracking data shows.

Read the original article on Business Insider
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