KEY POINTS
• Turkey has been in the spotlight this week with its coastal waters seeing the arrival of two multimillion-dollar superyachts, reportedly belonging to Russian oligarch Roman Abramovich.
• With each one worth an estimated $600 million or more, Abramovich is seen stationing $1.2 billion in the non-EU country.
• He is seeking to shield his assets from U.S., U.K. and EU governments targeting Russia’s wealthy elite.
• Turkey says it’s a legitimate move — so long as the yachts remain outside the territorial waters of sanctioning countries, which extend 12 nautical miles out from the coastline.
