Authorities said they are looking into Russian ownership of the unfinished superyachts at five Dutch yards.
In the Netherlands, halting the construction of a dozen superyachts could have a significant impact on the maritime sector. Shipyards such as Feadship, Heesen, Damen Shipyards and Oceanco had combined sales of about $1.66 billion in 2020, according to Reuters.The Financieele Dagblad estimates that about $85 billion in Russian assets are based in the Netherlands, and about $50 billion of that belongs to Russians on the sanctions list.
Dutch authorities did not name the 12 yachts or the five shipyards. Of the two yachts in the country for maintenance, one is thought to be owned by a Russian on the sanctions list.
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