Cook Islands flagged superyacht Tango belonging to Russian oligarch Viktor Vekselberg has been sanctioned by the Treasury of the United States. The superyacht can accommodate 14 guests in seven cabins and has a crew of 22. Tango was the winner of the 2012 World Superyacht Awards. SUPERYACHTFAN/22031420
Maritime Cook Islands has confirmed a Cook Islands-registered yacht linked to a Russian oligarch has been sanctioned by the Treasury of the United States.
reported by an American political website the Hill.com, included an
Aruba-registered jet and a Cook Islands-registered yacht, both worth around $90
million, belonging to Russian oligarch Viktor Vekselberg with an estimated net
worth exceeding US$6 billion
The moves come as
foreign governments target Russian oligarchs in the wake of Russia’s conflict
A spokesman for
Maritime Cook Islands said the organisation was “working through
this with Ministry of Foreign Affairs and Immigration and Ministry of Transport”.
“We have no further comment at this stage,” he said.
Last week, Maritime Cook Islands told Cook Islands
News that none of the 33 Russian-owned Cook Islands-registered yachts were owned by
oligarchs or sanctioned individuals.
spokesman also said the “the Cook Islands will not be used as a refuge for
owners who are fleeing other flags in an attempt to circumvent sanctions”.
have however agreed not to remove the existing owners from the flag, at least
at this stage,” Maritime Cook Islands last
On Monday, the
Cook Islands News approached the Financial Supervisory Commission about whether
they would impose sanctions on Russian-based trust accounts based in the Cook
In response, deputy
commissioner Margaret Tangimetua said “formal sanctions on
Russia in response to the Ukraine invasion, by the Cook Islands, would require
legislation to be passed to do so”.
“However, the majority of those operating in the
international financial sector (including trustee companies) adhere to the OFAC
Sanctions (US Treasury Sanctions) and any possible sanctioned individuals would
be captured by this,” she said.