The Ragnar

An $85 million (€78.19 million) superyacht linked to former KGB agent Vladimir Strzhalkovsky is on its way to Malta, after being stuck in Norway for six weeks while local dockers refused to service it.

The Ragnar, which flies under a Maltese flag, departed port for Marsaxlokk on 30th March and is now sailing off the coast of Norway, according to online vessel tracking service MarineTraffic.com, cited by Insider.

Mr Strzhalkovsky who is the vessel’s owner, according to SuperYacht Fan, has not yet appeared on any Western sanctions list following Russia’s invasion of Ukraine, but is said to have personal ties with President Vladimir Putin.

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

Arcon Yachts
The Ragnar interior: Image courtesy Arcon Yachts

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

The Ragnar got stuck in Norway when local dockers suppliers refused to refuel it and local businesses refused to do business with the ship, forcing the crew to catch and barbecue fish, according to the yacht’s captain, speaking to The Wall Street Journal.

The ship is currently for sale for an asking price of €69.5 million, according to SuperYacht Times, and offers the height of luxury, hosting a variety of opulent facilities, including jet skis, snow-mobiles, amphibious exploration vessels, and an English-style pub.

The Ragnar lux/ SuperYacht times
Image: SuperYacht Times.

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).

Featured Image:

The Ragnar in port in Malta in 2020

Related

Valletta

The extensive guide to setting up a business in Malta

February 7, 2023
by Robert Fenech

Starting a business in Malta is quite easy, if you know what you need to do

Malta Stock Exchange’s first governance risk and compliance summit receives warm welcome

February 7, 2023
by Robert Fenech

450 attendees participated in the event, including representatives of stock exchanges from around the world

Does Dry January make a difference in Malta?

February 7, 2023
by Arnas Lasys

Malta already ranks low in alcohol consumption compared to other European countries, and consumer habits are changing