A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.

  • Scheherazade, a $700 million superyacht linked to Russian President Putin, is being refitted in Italy.
  • Italy seized the yacht in 2022 following sweeping sanctions against Russia over the Ukraine war.
  • The unnamed owner of the yacht is paying for the vessel's staff, maintenance, and refit.

Insider Today

A $700 million superyacht linked to Russian President Vladimir Putin is sitting in an Italian port and being refitted on the unnamed owner's dime, the Financial Times reports .

Italy seized the Scheherazade superyacht in  May last year but allowed its unnamed sanctioned owner to continue paying for the vessel's staff, maintenance, and a refit while it sits in the Tuscan port of Marina di Carrara, the FT reported.

The 459-foot, four-year-old vessel features six floors, two helipads, a swimming pool, a beauty salon, and gold-plated bathrooms, reported by the FT and an Insider report .

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It's now being refurbished by the Milan-listed Italian Sea Group, which confirmed the refit to the FT. The company declined to provide further details — including ownership — to the media outlet.

People with knowledge of the matter told the FT that the owner of the Scheherazade yacht is Eduard Khudainatov, the sanctioned former CEO of the Russian state oil company Rosneft.

However, the oligarch is merely the "straw owner" of the vessel,  Bloomberg  reported in May last year.

US authorities believe the superyacht could  belong to Putin ,  The New York Times  reported in March last year. 

Two activists working with the imprisoned Putin opponent Alexey Navalny claimed last March that some of the ship's crew members were from a Russian state agency responsible for protecting Putin. The FT reported that the Kremlin denied these allegations.

The Scheherazade is one of the  many luxury assets that have been seized by the West following sweeping sanctions against Russia over the full-scale invasion of Ukraine that started in February 2022. Other yachts linked to Russian oligarchs that have been seized include the $81 million Alfa Nero  and the  $48 million Phi .

The Kremlin and Italian Sea Group did not immediately respond to requests for comment from Insider sent outside regular business hours.

Watch: The rise and fall of Russian oligarchs

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Italy won't say who's paying for the care of a $700 million superyacht tied to Putin

Dustin Jones

scheherazade yacht owner

The Scheherazade, a 460-foot superyacht, has been held in Italy since May 2022 in response to Russia's invasion of Ukraine. It is believed to have ties to Russian President Vladimir Putin. Laura Lezza/Getty Images hide caption

The Scheherazade, a 460-foot superyacht, has been held in Italy since May 2022 in response to Russia's invasion of Ukraine. It is believed to have ties to Russian President Vladimir Putin.

The Scheherazade superyacht was impounded by the Italian government in May 2022 in response to Russian President Vladimir Putin's invasion of Ukraine. Instead of falling into disrepair, Italy has allowed its owner to maintain and refit the vessel, but it won't disclose who is footing the bill.

The Financial Times reported on Sunday that the vessel has been held at port in Marina di Carrara, located almost 90 miles northwest of Florence, since it was impounded by authorities in the spring of 2022. For over a year, the Italian government has permitted the owner to continue paying for the ship's staff, its maintenance and refitting of the vessel. But Italy won't identify the owner.

Italy's Finance Ministry said in a May 2022 news release that the superyacht had "significant economic and business links" with "prominent elements of the Russian government" but didn't name the owner of the ship.

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According to the website SuperYachtFan , the 460-foot superyacht belongs to Russian billionaire Eduard Khudainatov. However, Bloomberg News reported in 2022 that he is a "straw owner" of the superyacht — as well as another ship — and that the Scheherazade actually belongs to Putin.

The Financial Times reported that the Scheherazade has 22 cabins, two helicopter decks and a spa and that it's being refitted by the Italian Sea Group. NPR reached out to the Italian Sea Group for comment but did not hear back before publication.

The United States created Task Force KleptoCapture in the wake of Putin's war against Ukraine, aiming to hold Russian oligarchs accountable for evading sanctions. In its one year of operation, the task force has brought charges to at least 35 individuals and entities, NPR previously reported.

Part of those efforts included seizing luxury items belonging to billionaires with ties to the Kremlin. This includes items like a 348-foot yacht seized in Fiji in May 2022, which is valued at about $300 million and is now sitting in San Diego.

Watch CBS News

Italy freezes $700 million mega-yacht linked to "prominent elements of the Russian government"

May 6, 2022 / 8:17 PM EDT / CBS/AP

The Italian finance minister has adopted a decree that will impede a mega-yacht from sailing away from a Tuscan port, after an investigation carried out by Italy's financial police corps indicated the luxury vessel Scheherazade has links to "prominent elements of the Russian government."

There had been fears that the 459-foot long yacht, which has been in dry dock in the port of Marina di Carrara, was preparing to sail out of Italian waters soon. Based on the Italian investigation, Minister Daniele Franco adopted a "freezing decree" regarding the yacht, which flies the flag of the Cayman Islands and which had "long been under the attention of the authorities," the statement said.

ITALY-UKRAINE-RUSSIA-CONFLICT

A few weeks after Russia's war against Ukraine began, Ukrainian President Volodymyr Zelenskyy, in a speech to Italian lawmakers, urged Italy to continue freezing assets of Russian oligarchs and officials. He cited by name the Scheherazade, which, according to some reports, belongs to Russian President Vladimir Putin.

The Italian ministry statement didn't identify the boat's owner nor specify who are the "prominent" elements of the Russian government. But it said the "actual owner" of the Scheherazade should be included in the 2014 EU sanctions list.

Italian media have reported that the ship is registered to Eduard Khudainatov, a former executive at Russia's state-owned Rosneft oil company, who has not been sanctioned. 

Khudainatov is at the center of another mega yacht dispute in Fiji, where police moved Thursday to seize the $300 million Amadea. American officials say the Amadea is owned by Suleiman Kerimov, a sanctioned Russian oligarch, who built his fortune in gold mining. A Fijian lawyer for the company the Amadea is registered to argued in court that the ship is owned by Khudainatov.

The news comes as western nations are cracking down on sanctions against Russian billionaires by taking control of their mega yachts and other valuable assets, including villas and private jets, parked in territory over which their governments have jurisdiction. In early April, American and Spanish law enforcement agents took control of a mega yacht owned by an oligarch who's close to Putin. 

In March, Italy said it seized a $70 million yacht belonging to Alexey Alexandrovits Mordaschov, a steel magnate with close ties to the Kremlin. It also froze Lena, a $54 million yacht belonging to Gennady Nikolayevich Timchenko, a close friend of Putin, whom the EU has sanctioned. 

The seizures have caused some — possibly including Putin — to rush to move their boats into friendlier waters. 

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Italy seizes billion-dollar superyacht Scheherazade, reportedly linked to the Russian government

A large superyacht docked in a harbour near smaller boats and shipping containers. Mountainous terrain in the far background.

The Italian government says it has seized a luxury yacht worth almost a billion dollars, which is reportedly linked to the Russian government.

Key points:

  • The 140-metre superyacht has been rumoured to have links to Russia's President, but its actual owner isn't publicly known
  • Italian authorities have seized the vessel, which they say is linked to "prominent elements of the Russian government"
  • Italy has asked the EU to introduce sanctions against the yacht's true owner

The 140-metre, six-deck Scheherazade had been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity at the dockside suggested the crew might be preparing to put the vessel to sea.

Italy's Finance Minister had adopted a decree to stop the superyacht from sailing away from the Tuscan port earlier this week, after an investigation of the vessel linked it to "prominent elements of the Russian government".

Police boarded the yacht late on Friday to execute the seizure order, the Italian government said.

The vessel has previously been linked by some media organisations to Russian President Vladimir Putin.

While Italy's finance ministry has not named an owner, a source with direct knowledge of the investigation into the vessel told the Reuters news agency that Italian police believed the owner was Eduard Khudainatov, the former chief of Russian energy giant Rosneft, who is not currently a target of European Union sanctions.

Italy's finance ministry said the probe carried out by the country's financial police corps found "significant economic business links of the beneficial owner" of the Scheherazade as well to other subjects included in a list issued in 2014 as part of EU measures prompted by Russia's annexation of Crimea from Ukraine.

The ministry said the owner was not on any sanctions lists drawn up by Brussels following the Russian invasion of Ukraine. However, it said Rome had asked the EU to rectify this and had ordered the boat be seized pending a decision.

Based on the Italian investigation, minister Daniele Franco adopted a "freezing decree'' regarding the yacht, which flies the flag of the Cayman Islands and which had "long been under the attention of the authorities", a statement said.

It comes after the superyacht Amadea — believed to belong to sanctioned Russian oligarch Sulieman Kerimov — was  seized by Fijian authorities and put in the custody of the United States  earlier this week.

A few weeks after Russia's invasion of Ukraine began, Ukrainian President Volodymyr Zelenskyy, in a speech to Italian politicians, urged Italy to continue freezing the assets of Russian oligarchs and officials. He cited the Scheherazade by name.

The luxury vessel has two helicopter pads and can host up to 18 guests and 40 crew.

Its owner has never been publicly identified, but there have been rumours that it belongs to Mr Putin or a member of his inner circle.

An organisation set up by imprisoned Putin critic Alexei Navalny released a report in March saying it had evidence that the boat belonged to Mr Putin.

It said many of its crew were drawn from Russia's Federal Protective Service (FSO), which is tasked with protecting the Russian President.

The Kremlin did not respond at the time to a request for comment on whether Mr Putin was the owner or whether members of the FSO were crew members.

Italy has sequestered villas and yachts from wealthy Russians, who regularly came to the country on holiday and had bought property in many prestigious locations.

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SCHEHERAZADE yacht NOT for charter*

142m  /  465'11 | lurssen | 2020 / 2024.

Owner & Guests

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Special Features:

  • Elevator for easy access between floors
  • Well-appointed wellness zone, including spa, beach club and beauty salon
  • Recent refit in 2024
  • Comfortable Movie Theatre
  • DNV (Det Norske Veritas) classification

The 142m/465'11" motor yacht 'Scheherazade' was built by Lurssen in Germany at their Vegesack shipyard and she was delivered to her owner in June 2020. This luxury vessel's exterior design is the work of Espen Oeino and she was last refitted in 2024.

Guest Accommodation

Scheherazade has been designed to comfortably accommodate up to 18 guests in 9 suites. She is also capable of carrying up to 40 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a beauty salon, movie theatre, spa, elevator, underwater lights, beach club, gym and air conditioning.

Range & Performance

Scheherazade is built with a steel hull and aluminium superstructure, with teak decks. Powered by twin diesel MTU (20V 1163 M84) 20-cylinder 8,837hp engines running at 1280rpm, she comfortably cruises at 15 knots, reaches a maximum speed of 20 knots. Scheherazade features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 110,000 Litres of fresh water. She was built to DNV (Det Norske Veritas) classification society rules.

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Motor yacht Scheherazade is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

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Scheherazade Awards & Nominations

  • World Yachts Trophies 2020 Yacht of the Year Nomination

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M/Y Scheherazade

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[Via – NY Times ]

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Scheherazade: The £500m superyacht in Tuscan port ‘linked to Putin’

ITALY-UKRAINE-RUSSIA-CONFLICT

The stunning Tuscan port of Marina di Carrara has long been the parking spot of choice for the global elite’s superyachts but there is one vessel that stands out leaving all others in its shade.

The Scheherazade, said to be worth $700m (£528m), complete with two helipads a spa and a swimming pool that can transform into a dancefloor, is under investigation by Italian authorities for potential links to sanctioned Russians - with speculation mounting it could belong to President Putin himself.

The Ukrainian president Volodymyr Zelensky used an address in Italian Parliament on Tuesday to namecheck the Scheherazade and urged politicians to seize the yacht and freeze the assets of sanctioned Russians.

ITALY-UKRAINE-RUSSIA-CONFLICT

“Don’t be a resort for murderers,” he begged. “Lock all their real estate, accounts and yachts – from the Scheherazade to the smallest ones.”

The Scheherazade contains gold plated toilets and bathroom fittings, a cryotherapy chamber in the spa and six-deck floors - described as being like two apartment blocks stacked on top of each other.

On the upper deck, as former deckhands tol d jailed Russian opposition politician Aleksei Navalny ’s team, there is a giant living room, dining room, two VIP cabins and a mechanical piano, which plays itself.

The tune is said to be from a famous 2014 song titled ‘Vladimir Putin is a Fine Fellow’.

It flies under the flag of the Cayman Islands, according to the tracking service Marine Traffic , and has been moored in Marina di Carrara since early September after arriving from Montenegro across the Mediterranean.

But even the superyacht ’s British captain Guy Bennett-Pearce’s denials that Putin has anything to do with the luxury vessel, one of the most expensive of its kind in the world, hasn’t dampened down speculation amongst locals and dock workers.

ITALY-UKRAINE-RUSSIA-CONFLICT

He told The New York Times : “I have never seen him. I have never met him.”

Mr Bennett-Pearce told the publication he could not give further details because of a “watertight” non-disclosure agreement but he insisted the owner was not on any sanctions list.

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The team of jailed Russian opposition politician Aleksei Navalny said in a video on its YouTube channel on March 21 that all crew members, except the captain, are Russian citizens, and many of them are employed by the Federal Protection Service (FSO), the agency responsible for Putin’s personal security.

According to Navalny’s team, the 140-metre long superyacht was made in Germany in 2020.

According to the New York Times, the yacht travelled to the Russian Black Sea resort of Sochi twice, once in 2020 and again in 2021. It is known that Putin regularly visits his residence in Sochi.

If the yacht’s connection to Putin is proven, it will be impounded, as Putin is currently under sanctions from the European Union over Russia’s ongoing invasion of Ukraine.

The name Scheherazade is a girl’s name of Arabic origin meaning “noble lineage“.

Scheherazade - or Sheherazade -is also the name of a legendary Persian queen immortalised as the narrator the One Thousand and One Nights stories that include Ali Baba and the Forty Thieves and Aladdin and the Magic Lamp.

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Italy impounds $700 million megayacht linked to Putin

scheherazade yacht owner

ROME — Italian financial authorities said Friday that they have impounded a $700 million megayacht that has been linked in media reports and by anti-Kremlin groups to Russian President Vladimir Putin. But an element of mystery remains: Italy, in what it called its “ freezing decree ,” did not say who the owner might be.

Italian investigators had raced to investigate the vessel and prevent it from leaving the Tuscan port of Marina di Carrara. The yacht, known as the Scheherazade, had been undergoing repairs since before Russia invaded Ukraine. But this week, it returned to the water, according to a New York Times reporter who visited the marina, prompting fears that the vessel might depart and evade sanctions.

The ship, until the measures imposed Friday evening, would have been free to leave.

In announcing its action, Italy’s Finance Ministry said the yacht’s owner had “prominent” links with Russians already under European Union sanctions. The name of the owner was not specified, and Italy said only that its government had asked the E.U. to add the person to its sanctions list.

A spokesman for the Finance Ministry described Italy’s move as “provisional.”

Italy “proposed to the Council of the European Union the inclusion of the owner of the boat in the list,” the spokesman said. “Until then, the name cannot be public.”

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In March, an investigation by the Italian daily La Stampa named the boat’s owner as Eduard Khudainatov, a former Russian oil executive. But the newspaper also raised a question about how somebody not listed as a billionaire could afford to purchase one of the world’s most luxurious yachts.

So, speculation about the Scheherazade has only intensified. Investigators working for jailed Russian opposition politician Alexei Navalny say the yacht’s owner is Putin himself. In March, Navalny’s team published what it said was the crew list of people who had worked on the yacht. They purportedly include members of the Russian state agency responsible for Putin’s personal protection.

“We think that this is a solid enough proof that Scheherazade belongs to Putin himself and must be immediately seized,” said Maria Pevchikh, the head of the Navalny-founded FBK investigation team.

The assets of Russia’s ruling and billionaire class are generally kept in tight secrecy, controlled on paper through opaque offshore companies. That has made it difficult in some cases for European countries to ascertain the real owners of villas, yachts and other luxury items. The Scheherazade is officially owned by an offshore company from the Marshall Islands, Pevchikh said.

Before Friday, Italy had managed to detain a $560 million megayacht connected to Andrey Melnichenko, a coal and fertilizer tycoon who is one of Russia’s 10 richest people. Italy has also blocked access to villas that oligarchs use as summer getaways.

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How This Superyacht Became an Overnight Geopolitical Mystery

By Jessica Cherner

boat in a port

The Russia sanctions are growing, seemingly by the hundreds, every day. And much of the world is watching with glee as oligarchs’ luxuries are being hunted down by international governments. If we’ve learned anything from movies like The Wolf of Wall Street, which is based on a true story, it’s that some of the world’s wealthiest enjoy flaunting their money. Not only do billionaires often spend their money on toys like European sports cars and diamond-encrusted watches, but they also want the world to know to whom these extremely rare possessions belong. 

After all, Jeff Bezos has been accumulating quite a bit of press as he works on dismantling a historic bridge in Rotterdam to sail his $500 million yacht onto the open sea. But some billionaires play their cards a bit closer to the chest. Case in point: the owner of a 459-foot superyacht docked in a Tuscan port. No one, not even the Italian police, can identify who the enormous vessel belongs to, which leads the world to believe it may be someone tied to one of the world’s most currently despised leaders: Vladimir Putin.

Image may contain Transportation Vehicle Boat and Yacht

Scheherazade , which costs an estimated $700 million, boasts not one but two helicopter decks. 

Few believe that the floating mansion actually belongs to the Russian president—whose recent invasion of Ukraine is earning more sanctions than he, his country, and his billionaire friends thought imaginable—but many are more certain that it belongs to someone with ties to the top of the Russian government.

Since the devastating fate of Ukraine started to unfold, the United States, along with the UK and the European Union, have come together to track down the luxuries belonging to Putin’s friends, who are part of a massively growing list of billionaires facing punishing sanctions. That’s why this boat, one of the world’s largest and costliest, is such a point of interest.

International governments have been going after the luxurious belongings of Russian oligarchs since Putin and his government started getting slapped with sanctions two weeks ago, so assuming the yacht hiding out in Italy is one of Putin’s friend’s, things aren’t looking so good. However, no one can confirm just yet. The ship’s British captain, Guy Bennett-Pearce, promised that Putin had never been on the boat and that it didn’t belong to him, but he didn’t confirm whether or not the yacht belonged to a Russian national.

Image may contain Tie Accessories Accessory Suit Coat Clothing Overcoat Apparel Human Person Jacket and Blazer

Russian president Vladimir Putin.

Considering all of the amenities on the boat, dubbed Scheherazade , it’s not exactly an unfair guess to assume the owner is a Russian oligarch. Scheherazade , which costs an estimated $700 million, boasts not one but two helicopter decks, an indoor swimming pool with a retractable cover that transforms the pool into a dance floor, a fully equipped gym, and bathrooms complete with gold-plated fixtures. That’s a lot of sparkle even for the level of wealth associated with a purchase this big. However, the glamour isn’t the unusual part; the degree of intentional secrecy is.

The superyacht community does entertain a level of confidentiality—mostly for security purposes—but the Scheherazade is kept under so many wraps that it makes people believe something dubious must be going on when it comes to the owner’s identity. For instance, all of the contractors and crew members signed nondisclosure agreements, there’s a custom cover to hide the boat’s nameplate, and when Scheherazade arrived at the port, workers built a metal structure on the pier to keep passersby from seeing the yacht.

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The 459-foot superyacht is currently docked in a Tuscan port.

This yacht, however, isn’t the only one catching people’s attention as of late. The world’s second-biggest yacht, called Eclipse , is owned by Roman Abramovich, the Russian billionaire who owns the British soccer club, Chelsea. On Thursday, March 10, the UK government sanctioned Abramovich's assets.

As for Scheherazade , that mystery is still being investigated, and until the feds can figure out who the not-so-proud owner is, the behemoth on water will remain where it is, shrouded in a cloak of well-orchestrated secrecy.

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Putin-Linked Superyacht May Elude Sanctions, by Setting Sail

The Italian police are in a race to finish investigating a $700 million vessel thought to be the Russian president’s — before it’s out of their reach.

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scheherazade yacht owner

By Gaia Pianigiani and Michael Forsythe

  • May 4, 2022

MARINA DI CARRARA, Italy— The Italian police are in a race to finish investigating the ownership of a $700 million superyacht, which U.S. officials say is linked to President Vladimir V. Putin of Russia, before the vessel is put to sea and able to elude possible sanctions.

They may be running out of time.

After spending months dry-docked in the Tuscan port of Marina di Carrara, the 459-foot vessel, called the Scheherazade, was put into the water again on Tuesday. Crew members milled about topside as water slowly filled the dry dock. The British captain, who had previously spoken to reporters, did not respond to questions.

A former crew member said that the ship could be ready to sail immediately, but that first it was likely to undergo sea trials to check its equipment — common for a ship that has been under repair and, in this case, in port since September.

The Scheherazade has so far avoided the fate of some luxury yachts linked to powerful Russians, which have been seized in the effort by the European Union, Britain and the United States to go after the wealth of oligarchs and officials in Mr. Putin’s inner circle in response to the Ukraine invasion. In March, the Scheherazade’s captain, Guy Bennett-Pearce, said the vessel’s owner — whom he didn’t identify — was not on any sanctions list. The Italian media reported that the owner was Eduard Khudainatov, an oil tycoon not currently under sanctions. He is a longtime associate of Igor Sechin, a close Putin ally and chairman of the Russian state-owned oil company Rosneft, who is believed to be the owner of a superyacht seized in March.

Mr. Khudainatov’s ownership of the Scheherazade could not be independently verified. If indeed he is the owner, it may be only on paper. His name has also come up in the case of another superyacht, The Associated Press earlier reported: the Amadea , which shares an exterior designer, interior designer and builder with the Scheherazade. On Tuesday, Fiji’s highest court gave the United States permission to seize the $325 million Amadea, which has been held in the South Pacific nation since last month. According to an American official, the vessel’s owner is Suleiman A. Kerimov , a billionaire gold magnate from Russia who has been under U.S. sanctions since 2018; defense lawyers claim the true owner is Mr. Khudainatov, The Associated Press reported.

The former Scheherazade crew member, who spoke on the condition of anonymity because of a nondisclosure agreement that workers on the ship signed, had never heard of Mr. Khudainatov and said it was openly discussed onboard that the Scheherazade’s real owner was Mr. Putin. Soon after The Times first wrote about the Scheherazade in early March, U.S. officials said the yacht had ties to Mr. Putin, without offering specifics. A team of journalists working for the jailed Russian opposition leader Alexei Navalny obtained a list of crew members and found that many of them were employees of the Russian agency that guards Mr. Putin.

A spokeswoman for Italy’s financial police, which has been leading the national and international inquiry into the Scheherazade’s ownership, said that, should the vessel leave before their investigation concluded, there would be nothing that authorities could do to stop it.

Three port workers said that the authorities appeared to be keeping an eye on the yacht, which has been adjacent to a police station and the Coast Guard while in dry dock; a police helicopter makes daily fly-bys, they said. The workers, who were not authorized to speak to the press, asked that their names not be disclosed.

A retired shipyard employee, Roberto Franchi, said that if the Scheherazade “is floating, it can move relatively quickly.”

It isn’t clear where the ship would go, but the movements of Russian-owned superyachts that have successfully dodged American, European Union or British sanctions offer some possibilities. Two vessels that belong to the billionaire Roman Abramovich, who faces British and E.U. sanctions, have been in Turkish waters for weeks. Others have loitered in the Maldives, an island nation in the Indian Ocean. The Nord, owned by the billionaire Alexei Mordashov, went much farther afield, arriving at the Russian Pacific port of Vladivostok at the end of March, according to data from Marine Traffic, which tracks vessels.

Those superyachts escaped the fate of the Amadea and a growing list of others, including Sailing Yacht A, owned by the billionaire Andrey Melnichenko and impounded by the Italian police in March; and the Crescent, sister ship of the Scheherazade, impounded in Spain. Reuters, citing a person in the Spanish police, reported that the Crescent was believed to belong to Mr. Sechin.

Here in Marina di Carrara, port workers and other people with access to the shipyard saw a flurry of activity by the Scheherazade’s crew: removing the white plastic screens that protected the decks during the repairs, cleaning the ship, loading supplies. Last week, they said, fuel trucks filled the vessel’s enormous tanks, while crew members carefully moved wrapped cases onboard.

As the sun set on Tuesday, a young couple had their aperitivo drinks at a bar overlooking the shipyard.

“Look, Putin’s yacht is still here,” Massimo Giovi, a 25-year old student, joked. “If that goes, it will change the skyline here.”

Julian Barnes contributed reporting.

Gaia Pianigiani is a reporter based in Italy for The New York Times.  More about Gaia Pianigiani

Michael Forsythe is a reporter on the investigations team. He was previously a correspondent in Hong Kong, covering the intersection of money and politics in China. He has also worked at Bloomberg News and is a United States Navy veteran. More about Michael Forsythe

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Russian Company MSZ JSC

Brief profile.

active Commercial

Facts to Consider

4 more firms are registered at the address of the organization.

The organization is the founder (co-founder) of a mass media

The organization holds 16 licenses.

show 2 more positive facts

Complete Profile

  • 1. General Information
  • 2. Registration in the Russian Federation
  • 3. Company's Activities
  • 4. Legal Address
  • 5. Owners, Founders of the Entity
  • 6. MSZ JSC CEO
  • 7. Entities Founded by Company
  • 8. Company Finance
  • 9. Entities related to MSZ JSC
  • 10. Timeline of key events
  • 11. Latest Changes in the Unified State Register of Legal Entities (USRLE)

General Information

Full name of the organization: MSZ MACHINERY MANUFACTURING PLANT, JOINT-STOCK COMPANY

TIN: 5053005918

KPP: 505301001

PSRN: 1025007111491

Location: 144001, Moscow Oblast, Elektrostal, ul. Karla Marksa, 12

Line of business: Processing of nuclear fuel (OKVED code 24.46)

Organization status: Commercial, active

Form of incorporation: Non-public joint-stock companies (code 12267 according to OKOPF)

Registration in the Russian Federation

The tax authority where the legal entity is registered: Mezhraionnaia inspektsiia Federalnoi nalogovoi sluzhby №6 po Moskovskoi oblasti (inspection code – 5031). The tax authority before 08/23/2021 – Inspektsiia Federalnoi nalogovoi sluzhby po g. Elektrostali Moskovskoi oblasti (code 5053).

Registration with the Pension Fund: registration number 060055000355 dated 19 December 1991.

Registration with the Social Insurance Fund: registration number 501900175750191 dated 22 November 2000.

Company's Activities

The main activity of the organization is Processing of nuclear fuel (OKVED code 24.46).

Additionally, the organization listed the following activities:

The organization is included in the Roskomnadzor registry of registered mass media as a founder (co-founder) of the following media:

MSZ JSC holds licenses entitling to carry out the following activities:

The organization is included in the Roskomnadzor registry as a personal data processing operator .

Legal Address

MSZ JSC is registered at 144001, Moscow Oblast, Elektrostal, ul. Karla Marksa, 12. ( show on a map )

The following organization are also registered at the following address (including liquidated organizations):

  • CENTRAL DESIGN AND TECHNOLOGICAL INSTITUTE JSC

The reason may be that the address’s accuracy wasn’t ascertained after the registration. Otherwise the address can be recognized as an address of mass legal entities registration.

Owners, Founders of the Entity

The list of organization’s shareholders is kept at registrar AO "NRK-R.O.S.T." .

According to the Unified State Register of Legal Entities (USRLE) the organization’s founder is (can be inconsistent with the current shareholders composition – the relevant details are available at the registrar only):

Subject to the entire chain of the current founders, the list of MSZ JSC ultimate founders is as follows:

MSZ JSC CEO

The head of the organization (a person who has the right to act on behalf of a legal entity without a power of attorney) since 10 August 2021 is general manager Bagdatev Dmitrii Nikolaevich (TIN: 505304128446).

  • (general manager from 07/08/2019 until 08/10/2021 * )
  • (general manager from 01/25/2011 until 07/10/2019 * )

Entities Founded by Company

Currently MSZ JSC is listed as a founder in the following organizations:

  • OOO "MSZ-M" (Moscow Oblast, Elektrostal; 97.44%; 38 million RUB)
  • OOO UNTS "NUKLON" PRI MGTU IM. N.E.BAUMANA (Moscow; 49%; 4.9 thousand RUB)

Previously the organization was listed as a founder in:

  • ANO "KSK "KRISTALL" (Moscow Oblast, Elektrostal) - until 12/15/2021
  • 1-I NPF AO (Moscow; 0.34%; 1.2 million RUB) - until 12/31/2021
  • TOR "SOVET PROMYSHLENNIKOV I PREDPRINIMATELEI GORODSKOGO OKRUGA ELEKTROSTAL MOSKOVSKOI OBLASTI" (Moscow Oblast, Elektrostal) - until 12/15/2021
  • AO "TVEL-STROI" (Moscow; 1.7 million RUB) - until 10/04/2021
  • TSZH "ELEMASH-VOSTOK" (Moscow Oblast, Elektrostal) - until 01/01/2022

Company Finance

The Authorized capital of MSZ JSC is 1.7 billion RUB.

Until 05/25/2020 the authorized capital was 1.7 billion RUB., before 02/14/2019 – 1.6 billion RUB, before 02/13/2018 – 1.6 billion RUB

The net assets of MSZ JSC as of 12/31/2021 totaled 57.2 billion RUB.

The MSZ JSC’s operation in 2021 resulted in the profit of 1.7 billion RUB. This is by 26.6 % less than in 2020. Please note that the financial performance is given for 2021; no data available for 2023.

The organization is not subject to special taxation regimes (operates under a common regime).

The organization had no tax arrears as of 02/10/2024.

Entities related to MSZ JSC

Based on the data from the Unified State Register of Legal Entities, the following legal entities and people are directly or indirectly related to the organization.

Timeline of key events

Latest changes in the unified state register of legal entities (usrle).

  • 05/25/2024 . Representation by the licensing authority of information about the grant of a license.
  • 11/18/2023 . Representation by the licensing authority of information about the grant of a license.
  • 09/07/2023 . State registration of changes made to the constituent documents of a legal entity related to changes in information about a legal entity contained in the Unified State Register of Legal Entities, based on an application.
  • 06/13/2023 . Representation by the licensing authority of information about the grant of a license.
  • 06/02/2023 . Representation by the licensing authority of information about the grant of a license.
  • 05/12/2022 . Change of information about a legal entity contained in the Unified State Register of Legal Entities.
  • 03/25/2022 . State registration of changes made to the constituent documents of a legal entity related to changes in information about a legal entity contained in the Unified State Register of Legal Entities, based on an application.
  • 10/18/2021 . Submission by the licensing authority of information on the renewal of documents confirming the existence of a license (information on the renewal of a license).
  • 10/01/2021 . Submission by the licensing authority of information on the renewal of documents confirming the existence of a license (information on the renewal of a license).
  • 09/08/2021 . Submission by the licensing authority of information on the renewal of documents confirming the existence of a license (information on the renewal of a license).

* The date of change in the Unified State Register of Legal Entities is shown (may be different from the actual date).

The data presented on this page have been obtained from official sources: the Unified State Register of Legal Entities (USRLE), the State Information Resource for Financial Statements, the website of the Federal Tax Service (FTS), the Ministry of Finance and the Federal State Statistics Service.

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IMAGES

  1. The Italian Government in Rome release the name of Eduard Khudainatov

    scheherazade yacht owner

  2. EDUARD KHUDAINATOV • Net Worth $1 billion • Yacht Scheherazade

    scheherazade yacht owner

  3. EDUARD KHUDAINATOV • Net Worth $1 billion • Yacht Scheherazade

    scheherazade yacht owner

  4. Eduard Khudainatov: The Energy Titan and the Mysterious Owner of Yacht

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  5. Eduard Khudainatov: The Energy Titan and the Mysterious Owner of Yacht

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  6. SCHEHERAZADE Yacht • Eduard Khudainatov $700M Superyacht

    scheherazade yacht owner

COMMENTS

  1. Scheherazade (yacht)

    Scheherazade is a motor superyacht built by Lürssen Yachts of Germany. With a length of 140 m (460 ft), it is currently one of the longest motor yachts in the world.. While being built, it used the project name "Lightning". The exterior design was done by the designer Espen Oeino, and the interiors by the firm of Francois Zuretti. It entered service in June 2020.

  2. SCHEHERAZADE Yacht • Eduard Khudainatov $700M Superyacht

    The yacht's ownership has been a subject of intrigue and speculation, with Eduard Khudainatov, the former President of Rosneft, currently believed to be the owner. Scheherazade's value is estimated at around $700 million with running costs pegged at $70 million annually.

  3. Eduard Khudainatov: The Energy Titan and the Mysterious Owner of Yacht

    The yacht Scheherazade is a very large superyacht, built by Lurssen.She was delivered to her owner in 2020.She is one of the largest yachts in the world.. The yacht has a length of at least 136 meters.We estimate her displacement at more than 9,000 tons. Update: her volume is actually 10,167 tons. Her maximum speed will probably be above 18 knots..

  4. Watch: The rise and fall of Russian oligarchs

    The owner of the Scheherazade yacht is Eduard Khudainatov, but he's merely the "straw owner" of the vessel, Bloomberg reports. Menu icon A vertical stack of three evenly spaced horizontal lines.

  5. $700mn superyacht tied to Putin is being refitted while impounded

    It has been 15 months since Italy impounded the Scheherazade, a $700mn superyacht linked to Vladimir Putin. But the time the yacht has spent sitting in the Tuscan port of Marina di Carrara has not ...

  6. $700 million superyacht tied to Putin is still being maintained in

    Italy won't say who's paying for the care of a $700 million superyacht tied to Putin. August 7, 20234:53 PM ET. By. Dustin Jones. Enlarge this image. The Scheherazade, a 460-foot superyacht, has ...

  7. Italy freezes $700 million mega-yacht linked to "prominent elements of

    Italy's financial police patrol boat is seen in front of the multi-million-dollar mega yacht Scheherazade, docked at the Tuscan port of Marina di Carrara, Tuscany, on May 6, 2022, after its basin ...

  8. Italy seizes billion-dollar superyacht Scheherazade, reportedly linked

    Italy has asked the EU to introduce sanctions against the yacht's true owner; ... business links of the beneficial owner" of the Scheherazade as well to other subjects included in a list issued in ...

  9. SCHEHERAZADE Yacht

    The 142m/465'11" motor yacht 'Scheherazade' was built by Lurssen in Germany at their Vegesack shipyard and she was delivered to her owner in June 2020. This luxury vessel's exterior design is the work of Espen Oeino and she was last refitted in 2024. ... Scheherazade Yacht Owner, Captain or marketing company 'Yacht Charter Fleet' is a free ...

  10. Scheherazade Yacht

    In the world rankings for largest yachts, the superyacht, Scheherazade, is listed at number 15. She is the 8th-largest yacht built by Lürssen Yachts. Scheherazade's owner is shown in SYT iQ and is exclusively available to subscribers. On SuperYacht Times, we have 63 photos of the yacht, Scheherazade, and she is featured in 12 yacht news articles.

  11. Italy Freezes Scheherazade Superyacht Linked To Vladimir Putin

    Khudainatov has also been identified as a proxy owner for another yacht, the 348-foot, $300 million Amadea, which the U.S. Department of Justice says is actually owned by sanctioned oligarch ...

  12. A 459-Foot Mystery in a Tuscan Port: Is It a Russian's Superyacht?

    The Scheherazade is flagged in the Cayman Islands and its owner, Bielor Assets Ltd., is registered in the Marshall Islands. The yacht's management company, which Captain Bennett-Pearce says is ...

  13. Who owns this $700 million megayacht? European authorities are

    The 12th largest yacht in the world, the 460 feet Lürssen yacht named Scheherazade, worth nearly $700 million, possibly belongs to Vladimir Putin himself. ... Image via - Charterworld.com There is also conjecture the owner of this lavish boat is a Middle-Eastern billionaire. Keeping the weather of the Middle-Eastern locales in mind, it ...

  14. Scheherazade: The $700m superyacht in Tuscany 'linked to Putin'

    Scheherazade: The £500m superyacht in Tuscan port 'linked to Putin'. The yacht contains a self-playing grand piano that repeats a song titled 'Vladimir Putin is a Fine Fellow', according ...

  15. Italy impounds $700 million Scheherazade megayacht linked to Putin

    That has made it difficult in some cases for European countries to ascertain the real owners of villas, yachts and other luxury items. The Scheherazade is officially owned by an offshore company ...

  16. How This Superyacht Became an Overnight Geopolitical Mystery

    March 9, 2022. Scheherazade is one of the largest superyachts in the world, and it is currently anchored in a Tuscan port with no owner coming forward to claim it. Photo: Anadolu Agency/Getty ...

  17. Yacht Scheherazade • Lurssen • 2020 • Photos & Video

    Yacht Scheherazade Photos & Video. Yacht Owner Photos Location For Sale & Charter News. Name: Scheherazade: Length: 140 m (459 ft) Builder: Lurssen: Year: 2020: Price: US$ 700 million: ... The ownership details featured on our site and within the Yacht Owners Register are compiled with the utmost attention to veracity; however, in certain ...

  18. Putin-Linked Superyacht May Elude Sanctions, by Setting Sail

    The Scheherazade has so far avoided the fate of some luxury yachts linked to powerful Russians, which have been seized in the effort by the European Union, Britain and the United States to go ...

  19. Yacht docked in US port symbolizes struggle to convert seizures into

    According to prosecutors, Khudainatov is "supposedly the beneficial owner of at least eight yachts or yacht projects" — a fleet valued at over $1 billion. They include a yacht that ...

  20. Elektrostal

    In 1938, it was granted town status. [citation needed]Administrative and municipal status. Within the framework of administrative divisions, it is incorporated as Elektrostal City Under Oblast Jurisdiction—an administrative unit with the status equal to that of the districts. As a municipal division, Elektrostal City Under Oblast Jurisdiction is incorporated as Elektrostal Urban Okrug.

  21. MSZ JSC: owners, founders, management, details (TIN 5053005918)

    Full name of the organization: MSZ MACHINERY MANUFACTURING PLANT, JOINT-STOCK COMPANY TIN: 5053005918 KPP: 505301001 PSRN: 1025007111491 Location: 144001, Moscow Oblast, Elektrostal, ul. Karla Marksa, 12. Line of business: Processing of nuclear fuel (OKVED code 24.46) Organization status: Commercial, active Form of incorporation: Non-public joint-stock companies (code 12267 according to OKOPF)

  22. Russia: Gazprom Appoints Pavel Oderov as Head of International Business

    March 17, 2011. Pavel Oderov was appointed as Head of the International Business Department pursuant to a Gazprom order. Pavel Oderov was born in June 1979 in the town of Elektrostal, Moscow Oblast. He graduated from Gubkin Russian State University of Oil and Gas with an Economics degree in 2000 and a Management degree in 2002.

  23. mq2 yacht

    MQ2 Yacht Sold. MQ2 Sold. 'MQ2' is a 49.1m luxury yacht built and launched by Feadship. Delivered to a proud yacht owner in 1990 and refitted in 2015, 'MQ2' sleeps up to 14 guests in 6 staterooms and has accommodation for 10 crew members. MQ2 is a yacht sold by TWW, one of the leading brokerage houses with headquarters in Monaco.

  24. Yacht Scheherazade • Lurssen • 2020 • Location

    Scheherazade Yacht - Live Location. Yacht Owner Photos Location For Sale & Charter News. Name: Scheherazade: Length: 140 m (459 ft) Builder: Lurssen: Year: 2020: Price: US$ 700 million: ... The ownership details featured on our site and within the Yacht Owners Register are compiled with the utmost attention to veracity; however, in certain ...