Wall Street

UAE: Russian oligarch’s megayacht hides in Ras Al-Khaimah

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Al-Araby

In the dusty, northern-most sheikhdom of the United Arab Emirates, where labourers cycle by rustic tea shops, one of the world’s largest yachts sits in a quiet port – so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs. The display of lavish wealth is startling in one of the UAE’s poorest emirates, a 90-minute drive from the illuminated high-rises of Dubai. But the 118-meter (387-foot) Motor Yacht A’s presence in a Ras Al-Khaimah creek also shows the UAE’s neutrality during Russia’s brutal war on Ukraine as the Gulf country remains a magnet for Russian money…

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