this is super yacht news with eSysman- hi welcome back to the channel welcome to a nice day in Genoa
first yacht we've got to talk about today is Motor Yacht Nord you remember the vessel was was causing
some stink in the US because of the sanctions on that vessel the vessels in Hong Kong, the Chinese
basically said (or the SAR)- the "Special Administrative Region" of Hong Kong so
they weren't going to enforce any sanctions because they weren't put on by the UN anyway
that vessel has now left Hong Kong the destination in AIS is Cape Town in South Africa -I've plotted
a chart here which is the fastest way to get to South Africa from Hong Kong but that vessel has
left Hong Kong and is now apparently heading to South Africa -all right so we'll move on
to the next story motor yacht Valerie, 85 meter or 278 foot yacht that has been in Barcelona since March
being arrested there in Barcelona because it's owned by Sergey Chamizoff allegedly, and he is
the head guy of the Russian State Aerospace and defence conglomerate Ross Tech -now that vessel
has been frozen let's say because it's not using the word arrested and it's certainly not seized -
that vessel has been there since March as I said and the vessel has changed names which is curious
considering the vessel is supposedly under arrest by the authorities right- the vessel has changed
its name from Valerie to Meridian a it's still in Barcelona not moved but that's a curious thing to
happen on a vessel that is supposedly currently under the control of the authorities we'll bring
you more if we see any changes there but the main story today- this is an interesting one and this
goes towards what we talked about recently about money being on the Move -we talked about it in
Germany with Dilbar and with Luna and with other vessels in Germany, well this story is from Reuters
and they talked about Spain and France have owners pay for Yachts Frozen on the Russian sanctions so
Spain and France are accepting payments from the owners of Yachts that have been frozen
to pay for those vessels- well we'll get into the story and I'll tell you
what I suspect - so it says that Spain and France have authorized the owners of your of super Yachts
Frozen under sanctions against Russian businessmen to pay for the upkeep and this is sources that
I've told Reuters that they've got different sources that I've told them this so in Spain the
majority of the owners are vessels that have been frozen there are paying their maintenance crew
docking an insurance fees a source with knowledge of the Mata set so the majority of them are still
paying for those vessels so obviously when a an individual has been sanctioned they're normally
restricted from spending any money in those areas and those those companies or governments are are
legally prevented from accepting payments from them but there is an exception in the law the
French and Spanish governments are saying that they've authorized the payments under EU and
National legislation so they've authorized to receive those payments even though those
individuals are supposedly sanctioned so Spain's finance ministry told Reuters that's a 2014 law
adopted after Russia's annexation of Crimea allows sanctioned individuals to make essential payments
for the upkeep of assets and the ministry did not confirm whether payments have been authorized
though but they clearly have they're saying well we're defending the reason for that but
we're not going to confirm whether it's actually happening so it sounds like it is happening right
so the funny thing is in March Spain's prime minister Pedro Sanchez vowed when announcing
the freezing of One yacht in Spain to hit Putin's allies decisively and hard but this sounds more
like valet parking for your yacht right so I'll leave my yacht with you I'll pay all the bills
you look after it for me and then we'll pick it up when it's all over with that's what it sounds like
in Spain you remember we were in Tarragona in Spain recently and the vessel Crescent was
there in in Tarragana Marina now the company the port management company is called Ocibar and they
said that the owners of two frozen Yachts under sanctions in Spain and moored at its facilities
in Tarragona and Majorca so that's Crescent and Lady Anastasia you might remember lady
Anastasia because she was the one that the the engineer tried to sink when he found out what
was happening in Ukraine those two owners are making payments for the upkeep of those vessels
now remember that officially Crescent is owned by Edward Gutenisov he's also sanctioned now because
he was at the time a non-sanctioned individual who was the straw owner as they called it
now in France Alexia Cosmichev now you remember the story about his boats he sued the French
government in court over the freezing of his yet vessels and he won one case but he has confirmed
that he is making all the payments for his two yachts so it seems a little bit hypocritical
doesn't it that they'll be supposedly taken these vessels from these owners and yet they're allowing
them to pay them if you weren't clear on what was what was going to happen at the end of hostilities
I think you very clear now that they have every intention of returning the Yachts to the owners
at the beginning they said they were going to take these vessels and sell them and then give
them money to Ukraine to help them with what was going on but that is clearly not happening
now I also believe that Germany is doing the same we've already had multiple sources tell us that
money is again moving in Germany we've seen Dilbar be reassembled and moved to a dry dock in Bremen
where work is most likely being carried out no reason to put it in a dry dock unless you're
continuing to work on that vessel if you want to store it it can sit in the water right so Germany
I would almost definitely put Germany on that list with France and Spain the only country that
seems to not be doing that currently is Italy but we'll see what happens anyway with this new prime
minister in Italy all right guys that's all I've got for today I've got one last thing and this
is not a story but this is about Patreon we have launched our own Patreon page this is something
that we've been developing for a while and we've put some extra videos on there and some small
Snippets from The Monaco Yacht Show and various different places marinas that we've been traveling
to and basically it's a way to support the channel if you're interested in doing that head over we've
put a link in the description below and we'll put one at the top here and you can head over and
check it out like I said there's exclusive stuff on there that's not going to be on the YouTube
channel you'll also get early access to Features before they become ive on YouTube and they will be
advert free for a 48-hour period when they're when they're posted on Patreon so if you're interested
in joining our Yacht Club if you like then head over to Patreon all right guys I'm going to leave
it there thanks very much for watching if you've got any information about any of these stories or
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