Russian superyachts, Lloyd's Register and sanctions

Russian superyachts and crews

In addition to the fact that the EU countries and the United States continue to arrest the superyachts of Russian oligarchs, the trade unions decided to support the crews of these yachts. International trade unions of seafarers recommend the crews of Russian superyachts to leave the board.

If the crew members are not citizens of the Russian Federation, they can go ashore at any available port in Europe. Then there are several options for the development of events. If a seafarer is an EU citizen, then he can safely go home or start looking for work on another, unauthorized vessel. 

If the seafarer is not a citizen of the EU, then he has the right to stay in the territory of the European Union for another 90 days. For citizens of other countries, it is possible to go home. The presence of a Schengen should not affect the length of stay in the country. In fact, the moment with the Schengen is not completely clear and official statements from the EU ministries have not yet followed. For reliability, it is worth contacting local departments for details. 

If the owner of the yacht refuses to pay the sailor for sending home, then the consulate of the sailor's home country will help with this. The issue of payment of wages is decided on an individual basis.

Lloyd's Register and RF

Lloyd's Register (Lloyd's Register) is the largest classification society in the world. It deals with the classification of ships, the development of plans and safety procedures, supervises the construction of ships, etc. After the start of the war in Ukraine, the heads of the Lloyd's Register Society reacted quite radically.

It was announced that the Register would stop its work on the territory of the Russian Federation. It states that “no services will be provided in respect of Russian assets owned, managed or controlled.” How will this affect shipping in the Russian Federation? Perhaps radically. 

Domestic river and sea shipping is unlikely to suffer, but for ships that were supposed to be for international navigation, this will clearly become a problem. Let's close our eyes even to the fact that most of the ports of Europe and the USA are now closed to Russian ships.

Sanctions and fuel

The crisis is not just around the corner - it has already struck. No, we are not scaring our readers, we are simply stating a fact. In a recent post on the website, we talked about the possible implications for yachting in Europe. Now a little more concise.

At the moment, the sanctions have just begun to take effect, and it will take time to see their long-term effect. Not even a month. Let's be objective - the Russian Federation occupied a large share of the fuel and resource market. Due to the "squeezing out" of the Russian Federation from the market, other suppliers will come to replace them, who will definitely offer goods at a higher price. 

Yes, fuel will become more expensive. And it will affect everyone, from superyacht crews to us, ordinary yachtsmen on small sailboats. And it seems that all we have to do is… just accept it. Imagine even the most fantastic scenario - the Russian Federation stops and withdraws absolutely all troops from Ukraine. Sanctions won't go down. Perhaps they will be weakened, but the Russian Federation will be able to return to the global market in 5-10 years at best. So the problems with the supply and cost of fuel will last long enough.

Conclusion

How will all this affect ordinary yachtsmen and sailing enthusiasts? We believe:

• rising fuel prices;
• if you are a citizen of the Russian Federation, then there are problems with parking in the EU and the USA;
• a general increase in prices in the industry;

Let's leave this list, which will definitely expand, without comment. 

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11.03.2022