This is the Blohm + Voss shipyard in Hamburg, Germany—where superyachts are built. The company was founded nearly 150 years ago and has always specialized in the largest and most exclusive projects.
A hundred years ago, they built the 136-meter yacht Savarona, which was handed over to Atatürk. In 1934, they built a yacht for Hitler. Dubai sheikhs, as well as oligarchs Abramovich and Melnichenko, have their yachts built here. They are also serviced here.
But on the morning of January 19, 2022, things are tense here. Management receives a letter: one of the yachts currently being repaired here must be urgently returned to its owner so it can be moved to Russia. No explanation is given—the letter only says that the yacht’s owner is very unhappy with everything.
The repairs, which were supposed to continue for another year, are abruptly and frantically wrapped up in just 12 days. The yacht’s crew members, who were also living here in Hamburg, move out of their rented apartments, cancel their mobile phone contracts, and terminate their insurance policies.
Most importantly, the yacht is not ready at all. There are openings in the above-water part of the vessel that have to be covered with panels. The galley, the cabins, and the rudder and propeller still need to be assembled.
They ask for as much equipment, putty, paint—everything possible—to be loaded on board.
And the yacht cannot sail under its own power—it will have to be towed.
Madness. A logistical thriller. A special evacuation operation that, at first glance, makes no sense at all. To anyone except one person. The only person who knew exactly the day the war would begin.
The yacht is towed to Kaliningrad—the nearest place where it will be safe.
The yacht in question is Graceful, evacuated from Germany.
And it is Vladimir Putin’s yacht. He understood perfectly well that he would be the first whose assets would be sanctioned and frozen because of the war.
Before we show you the inside of this yacht, examine exclusive photos and plans, and tell you how the president of a country at war spends his vacations, let’s first go over the historical background. After all, you may have gotten confused by the seagoing yachts of the modest official Vladimir Putin, who earns 850,000 rubles a month and officially declares ownership of two Volgas (Soviet/Russian cars), a Niva, and a Skif trailer.
Putin has three large seagoing yachts in total. His very first yacht, called Olympia, was given to him in 2002 by oligarch Roman Abramovich.
That is a bribe, a blatant violation of the law. It sounds absurd to say it now, but legally Putin should have resigned over receiving such a gift. The yacht Olympia was 57 meters long and cost $50 million. Naturally, it was registered not in Putin’s name personally, but to a Cayman Islands offshore company.
In 2011, Olympia was spotted near Putin’s palace outside Gelendzhik, guarded by two patrol vessels, while passenger launches shuttled back and forth between the yacht and the palace.
Putin’s second yacht is Graceful itself. It began to be built in 2006 at the Sevmash shipyard in Severodvinsk, Russia. But it was not fully built there—only part of the hull was completed. It was then sent to Germany for finishing, and launched there in 2014.
This yacht cost twice as much as Olympia—$100 million—and is 82 meters long.
Journalists uncovered that this yacht was in Sochi at the same time as Putin, but to be honest, there had never been ironclad proof that it was Putin’s yacht. Until today.
Putin’s third and most luxurious yacht, Scheherazade, was built for him in 2020. And this is, of course, a completely different level. At 140 meters long and costing $700 million before interior finishing, Scheherazade became one of the largest and most luxurious yachts in the world.
Inside is a true floating palace. A dance floor that turns into a swimming pool—literally an aqua disco; a moving billiards table that can be played on even in rough seas; a yacht piano; endless ultra-expensive furniture; and gold everywhere—even the toilet paper holder is gold. Scheherazade is, without question, a jewel, an extraordinary specimen.
It was built under such secrecy that for several years no one could even guess who it belonged to. That was precisely Putin’s calculation: that Scheherazade would never be seized, because its ownership was structured so opaquely and disguised so thoroughly that no one would ever be able to prove anything. And then we went ahead and proved it.
We proved that the yacht is run by Russians, and that officers of the Federal Protective Service (FSO)—the same people who work at Putin’s residences—serve on board. Scheherazade was seized, and for more than a year now it has remained where we last saw it: in the port of Marina di Carrara, Italy.
Law enforcement agencies in Spain, Italy, Germany, and Finland conducted an official investigation and concluded that Scheherazade was a gift for Vladimir Putin, jointly funded by his oligarch friends, with Putin’s associate Gennady Timchenko in charge of collecting the money.
So that yacht is gone. What is Putin supposed to do in that situation? Throw up his hands, one would think. You started a war, you are destroying a neighboring country, and there is no way back and never will be. What yacht? Surely yachts are the least of your concerns now. Instead of yachts, now there is “demilitarization,” “denazification,” and a sacred military operation. And if you want to swim in the sea, you’ll have to do it under your own power—in butterfly stroke.
But Vladimir Putin’s mind works differently; his priorities are different. The fairy tales about sacred duty to the motherland and defending the fatherland—those are for you. As for tightening belts, you can do that yourselves. But Putin… Putin cannot live without a yacht. Quite literally—it is unthinkable for him. And when he lost one yacht because of sanctions, he immediately set about building himself another.
June 17, 2023. St. Petersburg, the city’s 300th Anniversary Park. From a ceremonial stage, actor Yegor Beroev recites Pushkin with great feeling.
An orchestra plays, and the audience is delighted.
It is a ceremony to raise giant flags, each weighing nearly half a ton, to a height of 180 meters. One Russian, one Soviet, and one imperial.
But the main spectator is not in front of the stage. He is watching it all from a distance, from the water, aboard a small yacht.
Just look at how movingly he then listens to the anthem.
It seems as though Putin is thinking about all of Russia’s problems at once, preoccupied with the fate of the motherland and how to save it. But most likely he is simply wondering when this strange flag-raising ritual will finally end so he can leave. Because not far away, just by turning his head, he can see what truly interests Vladimir Putin.
Just days earlier, his new—or almost new—personal yacht had arrived in this port after an extremely complex and extensive refit.
For the duration of the St. Petersburg International Economic Forum, the refurbished Graceful came from Kaliningrad to St. Petersburg. And at last, the owner can inspect the finished work.
We think you can see the scheme by now. With the loss of Scheherazade, Vladimir Putin was left without a yacht—an unthinkable situation. While some officials were busy carrying out Putin’s deranged fantasies of conquering Ukraine, figuring out how to mobilize and throw more ordinary people into the meat grinder, others were preoccupied with the fact that Vladimir Vladimirovich no longer had anything to cruise the Black Sea waves on.
Building a new yacht takes at least three or four years. In Russia, given the sanctions, it is technically impossible to do—this “great power” still has not learned how to build yachts. They were too busy with import substitution for nails. And the yacht is needed now.
So they decided to take Putin’s old yacht and turn it into a new one. It underwent a massive reconstruction, a full refit, and outfitting to match the owner’s growing demands.
Here is the 145-page list of repair work. It includes an enormous range of items: a complete repainting of the hull, replacement of the покрытия on the helipads and decks, installation of sun loungers and parasols, furniture repairs, marble polishing, modification of the sauna audio area, work on the elevators, pool, and jacuzzi. And most importantly—the construction and outfitting of a new cabin for the owner.
The invoices are deeply impressive. We have not seen figures like these since the famous Putin palace. Woodwork alone cost 240 million rubles.
A sofa for 4 million rubles.
The reclining backrest mechanism for it, incidentally, is supplied separately and costs another 1.2 million rubles.
Carpets for 6 million rubles.
There is also a coffee table costing nearly 8 million rubles.
Installation of two deck fireplaces for 10 million rubles.
French wine for 3 million rubles.
One of the most complex items on the list is the installation of a “specialized marine structure for beach and sea recreation.” The thing even has its own code name: Project Olymp.
It costs a full 208 million rubles!
Surely this must be something ultra-secret and ultra-high-tech. After all, it is being designed by the Rubin Central Design Bureau for Marine Engineering, which specializes in building submarines.
Intrigued? It is a swimming pool! Here is what it looks like.
It is a kind of sea pool that attaches to the yacht, allowing you to swim in the sea while still remaining inside enclosed boundaries. The structure is enormous—85 meters long and 25 meters wide. The technical specifications state that it is intended for use along the coasts of the Black Sea and the Sea of Azov.
And the most important detail: the bottom of the pool must sit at a depth of three meters and be made of mesh, to protect the swimmer from marine flora and fauna. It turns out Vladimir Putin is afraid of fish too.
The yacht’s total budget, including all repairs and leisure features, came to $32 million in 2022 alone, or nearly 3 billion rubles at the current exchange rate.
Once again: there was a war going on. Poor people were being offered money to go kill Ukrainians, and then when they themselves were killed, well—please chip in for the funeral.
Half the country is being made to raise money for underwear and socks for mobilized soldiers, and to make trench candles. Meanwhile, the man who started this war is spending 3 billion rubles just on repairs and purchases for a yacht.
All right, at this point some of our readers may stop us and say: come on, guys—what Putin, what 8-million-ruble coffee table, what floating pool? You are showing us somebody else’s yacht, maybe some oligarch’s or a superstar’s. Why should we believe this belongs to Putin, whose mind is supposedly occupied only with thoughts of war and the fate of the world? Maybe someone else wants to swim without marine flora and fauna tickling their heels.
Fair enough. We will prove it. In five different ways.
First. Until recently, the yacht was registered to an offshore company in the British Virgin Islands—Olneil Assets Corp—held through another offshore company, Mischositos Investment. The ultimate beneficiary of the scheme is Pyotr Kolbin, a childhood friend of Vladimir Putin and the man in whose name, together with Gennady Timchenko, the vineyards at Putin’s palace were registered.
In December 2020, the vessel was supposedly sold to another owner, a Russian joint-stock company called Argument, whose owners are classified.
One can speak of this sale with irony: the people who service the yacht put both the old and the new “owners” in quotation marks.
Second. Remember how we proved that FSO employees work on Scheherazade? They work on Graceful too. Not just in the sense that they are also FSO employees, but in the literal sense that they are the very same people. For example, FSO officer Sergei Grishin serves as assistant captain on Scheherazade.
And here he is on Graceful as well.
Here is FSO boatswain Anatoly Furtel on Scheherazade.
Before that, he worked on Graceful.
It is not only rank-and-file members of Graceful’s crew who work for the FSO. Here is Valeria Trach: on Graceful, she is responsible for all supplies, repairs, and personnel matters.
She is effectively the second most important person on the yacht after Captain Alexander Mozhaysky. She is also his wife.
In documents submitted by her son for university admission, she identifies herself as an FSO employee with the military rank of captain 3rd rank.
Likewise, in 2020 several other key staff members moved from Graceful to Scheherazade: the chief engineer, the head IT specialist, and the chief stewardess.
In correspondence, this mass transfer was described as the process of “sending people to the new site.”
Third. Graceful travels at sea with an escort. In September 2022, it was spotted in Estonian waters on its way from St. Petersburg to Kaliningrad, accompanied by a Russian coast guard boat.
Putin was so afraid that his second yacht would be seized that they even gave it a covert name—Kosatka. And they sent a coast guard vessel after it, one subordinate to the FSB.
Anyone attempting to go after Putin’s yacht would have been met by an artillery mount, eight man-portable air-defense systems, four machine guns, and four automated turret mounts.
Another strong piece of evidence that the yacht belongs to Putin is the U.S. sanctions it was placed under precisely because he is its real owner.
And let us polish off our body of evidence with this photograph.
This is the yacht owner’s office, a cabin for work. On the shelf stands a model yacht—but not Graceful. It is a model of the seized Scheherazade. Yes, Putin has on his shelf a model of one of the most expensive yachts in the world, a yacht that is formally registered to who-knows-whom and supposedly has nothing to do with him. This is the final, definitive proof that Scheherazade belongs to Putin.
In the same room, you can see a vessel with the FSB emblem outside the window, and on the desk there is a buttonless telephone bearing the state crest!
The secure communications phone is called the “Prestige-CB.”
According to its FSB certification, it can be used for handling information classified as “top secret” on the premises of state authorities.
The exact same phone is installed in all of Putin’s offices.
Just to be safe—on the off chance that anyone can buy such phones—we tried to purchase one ourselves. We wrote to several places, including the factory that makes them. Everywhere we were told they would not sell one to us: such devices are supplied only directly by the factory under military acceptance procedures; this is secure government communications equipment.
Now that there is no longer any doubt about who the main passenger is here, let us continue our tour.
We have shown you palace floor plans before, but this time we have something unusual: a deck-by-deck plan of Vladimir Putin’s yacht Graceful. Here it is.
And along with the plan, we have many photographs, renderings, and documents that will help us look inside Putin’s yacht.
At the top, on the so-called open deck, there is a helipad. It can accommodate helicopters weighing up to three tons. A government Mi-8 would not fit, but a smaller helicopter could comfortably deliver a guest wherever needed.
Also on this deck is a lounge with a round table for 12.
The plan also shows a spiral staircase for guests, a staircase for the crew, and a yacht elevator. Slightly less noticeable is a separate elevator for food.
On the right is the bathing area. There is a large tub and two contrast plunge pools—one cold and one hot.
How many times have we written about contrast plunge pools on this blog? It is impossible to count anymore. Everywhere Putin lives or spends time, there are contrast plunge pools. He has them in every residence, from the palace in Gelendzhik to the Novo-Ogaryovo residence.
Let us move to the deck where the captain’s bridge is located. On the left side, out in the open air, there is a sofa and a table.
A little farther on is a lounge area with a piano, three sofas, and a television.
Now we go down to the most important deck of all—the owner’s deck.
The main highlight of the deck is this 25-meter swimming pool.
Do not see a pool? No surprise. In fact, it is a pool-dance floor—literally an aqua disco.
When needed, the space can be used for dancing or watching movies.
Then you press a button, the floor lowers, and a full-size pool appears. Journalists wrote that only one other yacht in the world has the same feature—Putin’s Scheherazade.
Nearby is a dining room with a table for 12 and a fireplace.
This is what it is supposed to look like according to the plan.
And farther to the right we see the main owner’s area, consisting of two enormous cabins.
After the war had already begun, this area underwent a major renovation—the cabins were literally stripped down to the walls and rebuilt from scratch.
In Putin’s homes, there is always a separate bedroom for him and a separate one for the “mistress.” That is how his residence at Valdai is arranged, and that is how his palace in Gelendzhik is arranged. Here too there are two cabins—a male one and a female one. We have photographs from both.
First, the mistress’s bedroom. Here there is a bed, purchased for 3.3 million rubles.
They bought a mattress for the bed—it cost 800,000 rubles.
Plus two bedside tables for 1.3 million rubles. So this bedroom set alone came to 5.4 million rubles.
The room is divided into zones by a special display cabinet partition, which cost 2 million rubles to build.
The sofa is lovely too—it costs 4 million rubles.
There is also a coffee table here, and a chest of drawers with a painting of a forest hanging above it. On the floor you can spot a champagne-colored carpet, whose price is truly regal—8.5 million rubles.
There are also bookcases, traditionally filled with books chosen simply for their attractive spines. The bookcases cost 3 million rubles.
The cabin also has a dressing room, furnished with expensive pieces as well.
Next to it is the bathroom. The sink cabinets cost 3.5 million rubles, and the mirrors above them another 2 million.
An antiqued mirror hanging on the opposite wall, into which a picture can be встроена, cost 2.2 million rubles. We do not know how much the picture itself cost.
Here are more shots of the shower and toilet. They finished absolutely everything in sight with marble.
Let us move from the mistress’s bedroom to the master’s bedroom. In the center of the room is a huge bed framed by columns.
The carpet on the floor is Indian, covering more than 100 square meters, and it costs nearly 5 million rubles.
To the right of the bed is an area with a round table where one can sit with guests, and opposite it is the work area.
There is a bureau desk or secrétaire here, custom-made for 814,000 rubles.
In front of it stands a huge bookcase, where the books have been chosen not only for their attractive covers, but also with some meaning in mind.
Putin’s yacht is adorned with an illustrated photo album titled *St. Petersburg*.
There is also a Russian-German dictionary, as well as a book about the life of Pyotr Stolypin, *I Believe in Russia!*. And of course, an enormous icon.
In the corridor, you can also find a statuette of Peter the Great and a miniature of the Peter and Paul Fortress.
And in the room next to the bedroom is the office cabin with the telephone, which we have already shown you. All the furniture here is, naturally, custom-made. This desk alone, for example, cost 1.6 million rubles. It seems someone is being overcharged.
From the master’s and mistress’s cabins, a staircase leads down to the gym. Incidentally, the yacht purchased American leg machines made by Hoist.
As journalists from Dossier wrote, these and no others were the machines that FSO officers demanded be installed in Vladimir Putin’s armored train.
The same deck also contains cabins for guests and crew.
As well as several jet skis and two tenders.
We had to go through thousands of documents and various invoices from the yacht, and we saw a great deal. We are generally very familiar with Putin’s love of luxury, but there are still a few purchases that are truly eye-popping.
For Putin on Graceful, they bought things like endless little saucers at 25,000 rubles apiece.
Porcelain flowers at 50,000 rubles each. Presumably for decorating the table. They spent 760,000 rubles on these flowers alone.
A single hairbrush on the yacht costs 11,000 rubles—almost as much as a monthly subsistence minimum.
And how about a backgammon set for half a million rubles?
You know Jenga too—the game where you carefully pull wooden blocks out of a tower. You can buy one for 400 rubles. But for his yacht, Putin will buy one for 170,000.
Protective coverings for floors and furniture cost 9 million rubles. And here’s another good one: three armored umbrellas at 1.2 million rubles each.
They were developed for the president of France. The umbrella looks ordinary, but in fact it can be used as a shield — to fend off an attack.
But of course, we’re writing all this not just to admire the yacht’s interiors and once again prove that Putin is simply obsessed with himself, his leisure, luxury, entertainment, and all the other things that very much contradict his austere public image.
Now we’re going to tell you a story that is actually far more important than photos of the aqua-disco, armored umbrellas, a coffee table costing as much as three apartments, and a floating pool protected from fish.
A few months after the war began, the yacht Graceful was placed under U.S. sanctions, meaning that any dealings with it are completely prohibited. Violations carry criminal penalties.
The whole point of sanctions is supposedly to punish Putin, who unleashed the war. But in practice, it turns out that Putin himself — our yacht enthusiast — is not affected by these sanctions at all. To repair Putin’s yacht, a complex system was built: an entire infrastructure of helpers in Europe, Turkey, and Dubai who work every day to help circumvent U.S. sanctions.
And it works perfectly. No restrictions bother them, no blocks on international payments bother them, no Visa or Mastercard suspensions bother them. If Putin needs spare parts or luxury furniture for his yacht, a suitable workaround will always be found.
Even before the war, in September 2021, a complex piece of technical equipment on the yacht broke down — the MTU system.
Put simply, it’s a display showing the current engine performance indicators, and it can also be used to adjust those engine settings.
The replacement of the broken system was scheduled for the following year, since there was no rush — the second yacht, Scheherazade, was fully operational. And then, bang: war, sanctions, the seizure of Scheherazade — and suddenly this yacht was badly needed again.
So the managers started looking for a way out. More precisely, for an intermediary willing to violate sanctions.
The Estonian company Breeze Marine agreed not only to buy and deliver the displays for Putin’s yacht to Russia, but also to help have them reprogrammed (something they do not know how to do in Russia).
The Estonian intermediary picks up the equipment in St. Petersburg, finds a courier — just a private individual — who takes everything to the factory in Germany, and then the repaired equipment is sent back to Russia. And just to be clear, this is spring 2023 — the second year of the war.
For the past six years, uniforms for the Graceful crew were purchased in Italy. Since 2016, they had been supplied by the Italian company Floating Life.
But since 2022 — because of the war and sanctions — nothing can be sold to Graceful. A problem!
In desperation, there was even a patriotic proposal to order the crew uniforms in Russia, but it ran into harsh reality.
The wife of Graceful’s captain writes: there is no yacht market in Russia and no market for uniforms, so everything has to be ordered from abroad.
How fortunate that the Italian suppliers turned out to be so accommodating. They continued doing business with Graceful’s manager without any problem. They even helped creatively draft the invoice, leaving out all the compromising details. “Can we use ‘crew uniforms’ as the description? Is it correct that we should not mention the vessel’s name?” Ah, so careful!
And what came next was sanctions evasion at its finest. The invoice was redone several times: first it was made out to the Russian company managing the yacht.
But then they discovered that, for some reason, Russia was having trouble with international bank transfers.
An Estonian company came to the rescue: the invoice was issued to them, even though it was actually intended for Graceful.
To avoid risk, the Italians asked for the money to be transferred not to Italy, but to the account of a special agent in Turkey, where there are no sanctions. Believe it or not, even that did not work.
In the end, the uniforms were paid for by some company in Dubai. After payment, the goods were shipped from Italy to Lithuania, and from there delivered to Kaliningrad, straight to the yacht. The yacht’s umbrellas were transported in exactly the same way, along the route Turkey–Lithuania–Kaliningrad.
The appearance of two Estonian companies in these different stories is no coincidence. The company helping procure clothing in circumvention of sanctions is headed by the same person who helped with the yacht’s displays.
And business has been booming for the company since the war began. If its turnover was 432,000 euros in 2021, then in 2022 it reached 1.257 million euros, and in the first half of 2023 alone it had already hit 600,000 euros.
And take a look at this email with the telling subject line: “Shipment of supplies from Turkey.”
Inside is a list of purchases: ship spare parts, crew clothing, many marble and glass items, sunglasses, cables, washing machines, a propeller part, and so on. The countries of manufacture are the United Kingdom, Germany, Sweden — almost all the goods are from Europe. Altogether, it comes to nearly five metric tons worth 170,000 euros.
Attached are photos of crates, some equipment, washing machines, and…
the name of a completely different yacht — Rachel.
Unlike Graceful, this yacht is still not under sanctions, despite the fact that its real owner is Vladimir Putin’s friend Arkady Rotenberg. And this is the yacht they use to disguise shipments for Putin. Now that’s friendship. Arkady Rotenberg is willing not only to put a palace in his own name, but also to arrange a washing machine and a propeller for the yacht.
Let’s emphasize this once again: absolutely all the companies and individuals involved in these schemes — from Estonia, Italy, Turkey, and Germany — have been working with Graceful for years and know perfectly well whom they are selling to now, during the war. They know it is for Putin.
They devise elaborate schemes and camouflage payments. We will file complaints against every one of these companies and employees involved in servicing Putin in circumvention of sanctions.
Instead of a postscript, here’s one more story. Because all of Putin’s yachts are managed by the same people, we ended up with a pile of documents on the seized Scheherazade. We looked through them almost… nostalgically. After all, that yacht has been seized. Everything there has been officially investigated, sanctions have been imposed. Most likely, it will remain sitting in an Italian port for years; perhaps one day it will be sold at auction.
But our fighters are not giving up and are not losing hope: for more than a year now, the crew sitting on shore has still been receiving salaries. As if they were in Italy working on the yacht, when in fact they are just sitting in Russia and waiting. The salaries are paid in cash, and the crew list spreadsheet explicitly states who will receive an envelope.
And so they do not get bored, everyone regularly undergoes training and certification so they do not lose their skills.
20 million rubles a month is spent on maintaining the crew. So apparently they really do believe that all is not lost; that somehow they will come to terms with the Italians and free their beloved Scheherazade. They’ll wear them down. Because clearly, price is no object when it comes to Putin’s love of yachts.
Let’s sum this up once again. Not sometime long ago, but right now, during the war, 3 billion rubles have been spent on Putin’s toy. Of that, 2 billion went to repairs, and another 1 billion to upkeep — crew salaries, overhead, communications, dry-dock storage at 92 million rubles, fuel, and entertainment expenses.
They will keep spending this money. The yacht is right now, with a special escort, traveling halfway around the world via the Northern Sea Route to Sochi. It is hurrying to arrive for the velvet season (the warm early-autumn holiday period).
And this is just one of the toys Putin uses for a couple of weekends a year. Billions stolen from the Russian budget are spent for the sake of those few days.
People always say: judge by actions, not words. Well, here are the actions — look. On television, Putin says one thing: there is a war, everyone must unite, give their lives to defend the motherland. But he does another: he pays more for a coffee table than for the life of a soldier he sent to kill and die in a war nobody needs. These are Putin’s real priorities — his luxurious life, while everyone else is just expendable material.
And this evacuation from Germany was urgent. Just imagine it: Putin, Patrushev, Shoigu, whoever else — sitting there planning to destroy a neighboring country. To wipe Ukraine off the face of the earth. And then suddenly: oh dear Lord, guys, we forgot about the yacht! Get it out immediately, at any cost. War is war, but without a yacht whose dance floor can turn into a pool — apparently nothing can be done.
Nothing except this concerns Putin and his elite. Look at the actions, not the words.
If you have any additional information about Putin’s yachts, his palaces, planes, armored trains, or corruption — send it to us. All of it will be very useful. You can send us a message anonymously through a special website, or write to us by email (blackbox@fbk.info) and via our Telegram bot.
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Freedom for Alexei Navalny!