The Ragnar

The Ragnar, an $85 million (€78.19 million) superyacht linked to former KGB agent Vladimir Strzhalkovsky has passed Gibraltar and entered the Mediterranean Sea on its journey to Malta, live tracking data shows.

The Ragnar, which flies under a Maltese flag, departed port for Marsaxlokk on 30th March and is now sailing between Morocco and Spain, according to online vessel tracking service MarineTraffic.com.

The vessel is expected to land in Malta on 25th April, but it is unclear what its reception will be.

It made headlines at the start of the conflict when it was stuck in Norway for six weeks while local dockers refused to service the vessel, with fuel or food according to the yacht’s captain, speaking to The Wall Street Journal.

The vessel’s owner according to SuperYacht Fan, Mr Strzhalkovsky, has so far avoided appearing on any Western sanctions lists following Russia’s invasion of Ukraine, but is said to have close personal ties with President Vladimir Putin.

Under the EU’s fifth round of sanctions, approved at the start of April, EU ports are banned from providing access to vessels that are registered under the Russian flag.

However, the vessel is hosted on Malta’s vessel registry, which is one of the largest superyacht registries in Europe.

Mr Strzhalkovsky became wealthy after serving as head of the leading Russian mining giant Norilsk Nickel. 

He is said to have developed a personal connection with President Putin, having served the KGB with him in Saint Petersburg (then named Leningrad).

Related

email inbox

Malta’s workers lose almost an hour of work per day answering emails, three times the EU average

February 6, 2023
by Arnas Lasys

Workers in Luxemburg only spend two minutes per day on emails

What investors need to know about licensing, support and incentives in Malta

February 6, 2023
by Robert Fenech

Licensing in Malta operates on a sector-specific basis via semi-autonomous authorities led by professional staff

EU implements price cap on Russian petroleum products and bans seaborne oil imports

February 6, 2023
by Arnas Lasys

The EU is also working on its 10th sanction package against Russia