Russian oligarch Deripaska’s yacht arrives in Turkish waters

A yacht linked to Russian aluminium tycoon Oleg Deripaska arrived in a bay near the southwestern Turkish resort of Gocek on Saturday, as more Russian billionaires head for Turkey to flee Western sanctions over Russia’s invasion of Ukraine, Reuters reports.

NATO member Turkey shares a maritime border with Ukraine and Russia in the Black Sea, has good ties with both and mediates in the conflict. It has supported Kyiv, but also opposed sanctions on Moscow, including measures against Russian billionaires.

Ankara relies heavily on Russian energy imports and tourists and has emerged as a safe haven for Russians fleeing sanctions, and many have invested in Turkish property.