Abramovich-linked yacht in Netherlands changed hands on day of Ukraine invasion

The 50-metre motor vessel, modest by oligarch standards, is covered in scaffolding and sitting under a hangar in dry dock, one of many such boats being refitted in the Dutch port of Vlissingen.

The Aquamarine is the fifth yacht to have been recently linked to Abramovich, who was placed under sanctions by the UK and EU for his reported links to the Russian president, Vladimir Putin. His fleet includes two megayachts worth more than $1bn, which were scrambled to Turkey after Abramovich was blacklisted, and two smaller boats currently moored in the Caribbean.

Davidovich told the Guardian that he was the owner of Aquamarine as well as the Jersey-domiciled company MHC Jersey Ltd, which is registered as the owner of the yacht on the maritime database MarineTraffic.

Norma Investments, which had been named as a company belonging to Abramovich in several public filings in the past, had served as a vehicle for venture capital investments.

Aquamarine was built by the Dutch firm Heesen, who delivered it in 2021. At the time of construction, the luxury-lifestyle magazine Robb Report priced it at $40.3m (£33.8m).

There is nothing to suggest that Aquamarine was among the vessels seized.

Abramovich has not publicly commented on why the two vessels were moved to Turkey.

The Financial Times earlier reported that two more yachts linked to Abramovich were currently moored on the Caribbean Island of Antigua. The government of Antigua has since confirmed that the two yachts moored on its territory belonged to Abramovich.