Three years of reporting, funded by our readers — become a member now and help us prepare for 2025.
Goal: 1,000 new members for our birthday. Gift a membership to your friend and help us prepare for what 2025 might bring.
Become a member Gift membership
Skip to content
Edit post

Media: Medvedchuk acquires yacht worth over $9 million

by Elsa Court and The Kyiv Independent news desk October 27, 2023 7:44 PM 1 min read
A Pershing 9X yacht on June 22, 2019 in Sag Harbor, New York. (Patrick McMullan via Getty Images)
This audio is created with AI assistance

Documents show that a brand-new yacht worth 886 million rubles ($9.4 million) is likely in the hands of the Ukrainian oligarch Viktor Medvedchuk, independent Russian media outlet Verstka reported on Oct. 27.

Medvedchuk, who was long thought to be Russian dictator Vladimir Putin’s right-hand man in Ukraine, was charged with high treason and placed under house arrest in 2021, only to flee as Russia launched its full-scale invasion.

He was subsequently re-arrested in April 2022. In September, he was handed over to Russia as part of a prisoner exchange.

Verstka journalists were investigating Russian-owned yachts when they found customs data that showed the Italian-made Pershing 9X vessel passed Russian customs on July 26.

The recipient of the yacht is a company controlled by Medvedchuk's wife, Oksana Marchenko, who is sanctioned by the U.K. government and is on a Ukrainian wanted list.

Documents show that the company issued a "temporary import" procedure for the yacht. This signifies the yacht is not intended to stay in the country for long, and partially exempts the paying of customs duties, according to Verstka.

The Pershing 9x features a "generous" sun deck, an interior clad with the "best Italian brands," and space for 20 people on board, according to the manufacturer.

The vessel is a "blend of luxury and technology," and can reach speeds of up to 42 knots (almost 80 kilometers per hour).

Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
Help us get 1,000 new members!
Become a member Gift membership
visa masterCard americanExpress

News Feed

9:15 PM

Zelensky signs law on 'historic' tax increase.

The bill, which was passed by the Ukrainian parliament on Oct. 10, will raise taxes by Hr 8 billion ($192 million) in 2024 and Hr 141 billion ($3.4 billion) in 2025, lawmaker Yaroslav Zhelezniak said, as the country struggles to shore up its budget deficit amid Russia's ongoing full-scale war.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.