Business

Luxury Russia-linked yachts lose €580 million in value post Ukraine invasion

Stanisław Kaleta

28.02.2026, 22:08

The Russia-linked superyacht PHI was detained by the UK’s National Crime Agency (NCA) after Russia’s full-scale invasion of Ukraine. — The Russia-linked superyacht PHI was detained by the UK’s National Crime Agency (NCA) after Russia’s full-scale invasion of Ukraine. Photo: John Keeble/Getty Images

Many yachts with links to Russian owners have been left to deteriorate in marinas.