Flying Fox freed from sanctions
Sanctions on the world’s largest charter yacht have officially been lifted, allowing the vessel to re-enter the market without limitations…
Image credit: Guillaume Plisson for Imperial Yachts
In the latest development in the Russian sanctions saga, the US Office of Foreign Assets Control (OFAC) has removed Flying Fox from its Specially Designated Nationals (SDN) list. The 136-metre Lürssen’s inclusion on this list stemmed from its association with Imperial Yachts.
Originally delivered in 2019, Flying Fox boasts a 9,022 gross tonnage, with exterior design by Espen Øino and interiors curated by Mark Berryman.
The vessel became a target of international sanctions in 2022 amid the geopolitical fallout from the Russia-Ukraine conflict. The US Department of Treasury had identified the yacht as blocked property due to Imperial Yachts’ alleged links to Russian interests, subjecting both the company and its CEO, Moscow-born Evgeniy Kochman, to sanctions.
Although Flying Fox was made available for UK and EU citizens earlier this year by Bluewater Yachting Dubai, restrictions still applied to US citizens and the yacht was barred from entering US waters.
With this development, Flying Fox is expected to regain full access to the global charter market, free from prior restrictions.
136.00m 22.50m 5.10m 9022
Espen Oeino International
Mark Berryman Design Ltd
Lürssen
NEW: Sign up for SuperyachtNewsweek!
Get the latest weekly news, in-depth reports, intelligence, and strategic insights, delivered directly from The Superyacht Group's editors and market analysts.
Stay at the forefront of the superyacht industry with SuperyachtNewsweek
Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.
Related news
D-Marin expands in Dubai
The first phase of the marina is scheduled to open this month, offering 32 berths for yachts up to 40 metres
Business
EU Court rejects plea for Meridian A
The 85-metre Lürssen will remain in the hands of Spanish authorities due to suspected ties to the Russian CEO of Rostec, Sergei Chemezov
Fleet
Thailand makes changes to charter
Thailand plans to boost superyacht tourism by revising charter laws, redefining yacht size and insurance policies to align with international standards
Crew
Lady Eleganza collides with ferry in Pašman Channel
The 50-metre yacht collided with a ferry in Croatia, and initial reports suggest the yacht's captain was absent during the incident
Fleet
Ukraine to lose ownership of Royal Romance
Royal Romance may be returned to its original owner if legal issues aren’t resolved swiftly
Fleet
Charter guest denies wrongdoing
A businessman who chartered Persefoni I has denied any involvement in an incident that allegedly caused a severe wildfire in Greece
Crew
Related news
D-Marin expands in Dubai
2 months ago
EU Court rejects plea for Meridian A
3 months ago
Thailand makes changes to charter
3 months ago
Lady Eleganza collides with ferry in Pašman Channel
4 months ago
Ukraine to lose ownership of Royal Romance
4 months ago
Charter guest denies wrongdoing
5 months ago
NEW: Sign up for
SuperyachtNewsweek!
Get the latest weekly news, in-depth reports, intelligence, and strategic insights, delivered directly from The Superyacht Group's editors and market analysts.
Stay at the forefront of the superyacht industry with SuperyachtNewsweek