The Marshall Islands is considering “expelling” from their ship registry any Russian yachts or boats that have been targeted by Western-led sanctions on Russia over its invasion of Ukraine, according to its foreign minister.
As Reuters informs, the minister, Casten Nemra, told reporters on a trip to Taiwan that his Pacific island nation strongly condemned the Russian invasion.
For this reason, Marshall Islands are looking into expelling any Russian ownership in terms of yachts or those that are listed and are on the sanction list.
We will do our part in working, collaborating with a number of countries
However, Mr. Nemra did not elaborate and it was not immediately clear how many ships this could affect.
After Russia’s invasion of Ukraine, Western countries have been seizing luxury yachts linked to Russian oligarchs over Russia’s invasion of Ukraine.
These sanctions have caused an exodus of luxury yachts from Europe in recent weeks, with several heading towards the Maldives, which has no extradition treaty with the United States.
It should be recalled that the economic sanctions targeting Russia continue to evolve and escalate with many being coordinated among the EU, UK, US, and their allies including sanctions against President Putin and the Central Bank of Russia.