Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Oligarch at sea

Mega-yacht owned by controversial Russian billionaire ties up at the B Stret Pier

San Diegans who want to see how a Russian oligarch and one of Vladimir Putin's friends lives don't have to go far today. Just truck on down to the B Street pier, where a yacht belonging to Roman Arkadyevich Abramovich, said to be the fifth richest person in Russia and the 50th richest on earth, is tied up.

http://www.youtube.com/watch?v=8Z_Oy51NFAk&feature=player_embedded

It's not just any yacht. The 377-foot motor yacht Luna, launched in 2009, is billed as the world’s largest expedition yacht," according to superyachts.com:

The large, open aft deck holds a covered swimming pool and sunbathing areas, much like the stunning 82m Alfa Nero, with a dedicated open luxury leisure area featuring a beach club leading down to the swim platform.

The boat's owner has an even more interesting story, related in vivid detail during a lawsuit tried earlier this year in London that was brought by Abramovich's ex-partner and fellow oligarch Boris Berezovsky - now a fugitive from Russia residing in the United Kingdom.

http://sandiegoreader.com/users/photos/2012/dec/12/36874/

Berezovsky and his case against Abramovich, which Berezovsky lost in August, were chronicled in a Vanity Fair profile last month:

The overarching message was clear: his lawsuit was intended not only to restore his own fortunes but also to expose Vladimir Putin as the mastermind behind the criminal operation that is Russia today.

This claim may or may not have been an attempt to frame a personal mission as a noble crusade. Berezovsky is no saint. But the trial has indeed exposed the workings of Russian corruption, and done so in an especially personal and vivid way.

In 1999, a virtual unknown became prime minister of Russia. Secret-police colonel Vladimir Putin had been plucked from bureaucratic obscurity by Berezovsky as Yeltsin’s successor—or so Berezovsky likes to believe.

Berezovsky certainly ran much of Putin’s presidential campaign, using his television channel and other media assets, just as he had done four years earlier with Yeltsin’s campaign; this time he went even further, creating a new political party for the candidate, organizing the speedy publication of an official biography, and virtually inventing Putin’s public image from scratch.

Using their connections, the piece goes on to relate, Berezovsky and Abramovich teamed up to take over former Soviet enterprises.

“Loans for shares,” the scheme through which Abramovich and Berezovsky realized their plan, remains one of the most controversial episodes in recent Russian history. Some call it the robbery of the century. Others say it jump-started the Russian economy. Not unusually for Russia, the facts support both interpretations.

“Loans for shares” was cover for selling off state companies to well-connected businessmen at rock-bottom prices and without parliamentary approval. The buyers would soon become the group of super-rich and ultra-influential Russians known as the oligarchs.

But Berezovsky eventually found himself on the wrong side of Putin and decided it was a good time to leave the country, according to the story.

Berezovsky is one of London’s most inconvenient residents. He fled here from Russia in 2000 and was granted political asylum in 2003. Over the years, an extensive circle of business and political associates has formed around him. The most prominent of these was former secret-police agent Alexander Litvinenko, who died of polonium poisoning in London in November 2006.

Abramovich, on the other hand, remained in Russia, stayed friendly with Putin, and prospered.

On his last day of testimony, Abramovich tried to explain that his instincts had always been to operate openly, but that the reality of post-Soviet Russia simply would not allow it. “I wanted to show everyone that life is different,” he said. “It’s new kind of life, we are earning this money, we wanted to pay taxes and live honestly. And while I was thinking about that, a person, I think his surname was Tarasov [Artem Tarasov, the first self-identified millionaire in the U.S.S.R.], he declared that he had earned three million rubles, that he had paid all the taxes. He was a member of the Communist Party, he paid party contributions, he did everything completely honestly and above board. You can’t imagine what happened in the country: people were saying that he should be put in custody, to prison, this is unbearable, this is shameful, nobody has the right to earn so much; and in the end he left for the U.K. And I remember that very well and I decided that I was not going to stick my neck out. The next person who decided to declare his earnings, his shares, and that he was such an open person, was Mr. Khodorkovsky [oil magnate Mikhail Khodorkovsky, arrested in 2003 and still in prison]. Well, at that time I had the desire to declare everything and to show everything and to make it all obvious, but then I decided it won’t lead to anything good; it would only create problems for myself. So I decided: sit quietly and do business and don’t stick your neck.”

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Tuna within 3-day range Back in the Counts

Mind the rockfish regulations
Next Article

La Clochette brings croissants—and cassoulet—to Mission Valley

Whatever's going on with this bakery business, Civita Park residents get a decent meal

San Diegans who want to see how a Russian oligarch and one of Vladimir Putin's friends lives don't have to go far today. Just truck on down to the B Street pier, where a yacht belonging to Roman Arkadyevich Abramovich, said to be the fifth richest person in Russia and the 50th richest on earth, is tied up.

http://www.youtube.com/watch?v=8Z_Oy51NFAk&feature=player_embedded

It's not just any yacht. The 377-foot motor yacht Luna, launched in 2009, is billed as the world’s largest expedition yacht," according to superyachts.com:

The large, open aft deck holds a covered swimming pool and sunbathing areas, much like the stunning 82m Alfa Nero, with a dedicated open luxury leisure area featuring a beach club leading down to the swim platform.

The boat's owner has an even more interesting story, related in vivid detail during a lawsuit tried earlier this year in London that was brought by Abramovich's ex-partner and fellow oligarch Boris Berezovsky - now a fugitive from Russia residing in the United Kingdom.

http://sandiegoreader.com/users/photos/2012/dec/12/36874/

Berezovsky and his case against Abramovich, which Berezovsky lost in August, were chronicled in a Vanity Fair profile last month:

The overarching message was clear: his lawsuit was intended not only to restore his own fortunes but also to expose Vladimir Putin as the mastermind behind the criminal operation that is Russia today.

This claim may or may not have been an attempt to frame a personal mission as a noble crusade. Berezovsky is no saint. But the trial has indeed exposed the workings of Russian corruption, and done so in an especially personal and vivid way.

In 1999, a virtual unknown became prime minister of Russia. Secret-police colonel Vladimir Putin had been plucked from bureaucratic obscurity by Berezovsky as Yeltsin’s successor—or so Berezovsky likes to believe.

Berezovsky certainly ran much of Putin’s presidential campaign, using his television channel and other media assets, just as he had done four years earlier with Yeltsin’s campaign; this time he went even further, creating a new political party for the candidate, organizing the speedy publication of an official biography, and virtually inventing Putin’s public image from scratch.

Using their connections, the piece goes on to relate, Berezovsky and Abramovich teamed up to take over former Soviet enterprises.

“Loans for shares,” the scheme through which Abramovich and Berezovsky realized their plan, remains one of the most controversial episodes in recent Russian history. Some call it the robbery of the century. Others say it jump-started the Russian economy. Not unusually for Russia, the facts support both interpretations.

“Loans for shares” was cover for selling off state companies to well-connected businessmen at rock-bottom prices and without parliamentary approval. The buyers would soon become the group of super-rich and ultra-influential Russians known as the oligarchs.

But Berezovsky eventually found himself on the wrong side of Putin and decided it was a good time to leave the country, according to the story.

Berezovsky is one of London’s most inconvenient residents. He fled here from Russia in 2000 and was granted political asylum in 2003. Over the years, an extensive circle of business and political associates has formed around him. The most prominent of these was former secret-police agent Alexander Litvinenko, who died of polonium poisoning in London in November 2006.

Abramovich, on the other hand, remained in Russia, stayed friendly with Putin, and prospered.

On his last day of testimony, Abramovich tried to explain that his instincts had always been to operate openly, but that the reality of post-Soviet Russia simply would not allow it. “I wanted to show everyone that life is different,” he said. “It’s new kind of life, we are earning this money, we wanted to pay taxes and live honestly. And while I was thinking about that, a person, I think his surname was Tarasov [Artem Tarasov, the first self-identified millionaire in the U.S.S.R.], he declared that he had earned three million rubles, that he had paid all the taxes. He was a member of the Communist Party, he paid party contributions, he did everything completely honestly and above board. You can’t imagine what happened in the country: people were saying that he should be put in custody, to prison, this is unbearable, this is shameful, nobody has the right to earn so much; and in the end he left for the U.K. And I remember that very well and I decided that I was not going to stick my neck out. The next person who decided to declare his earnings, his shares, and that he was such an open person, was Mr. Khodorkovsky [oil magnate Mikhail Khodorkovsky, arrested in 2003 and still in prison]. Well, at that time I had the desire to declare everything and to show everything and to make it all obvious, but then I decided it won’t lead to anything good; it would only create problems for myself. So I decided: sit quietly and do business and don’t stick your neck.”

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Pussy Riot Sentenced in Moscow: San Diegans Speak Out

Next Article

50 Megaton Voice

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader