SuperyachtNews.com - Business - Wherever next?

By SuperyachtNews

Wherever next?

It may be the subject of a dubious annexation attempt, but according to several reports in the media, Crimea could well be the subject of a major yachting infrastructure investment on the part of its would-be patron.…

Reports that have surfaced across several media platforms have suggested that the annexed region of Crimea could be the next yachting destination du jour, after plans were revealed for a major Russian infrastructure project.

The Russian government has reportedly announced that it is to invest $2 billion in developing 15 new marinas in the region by 2020, as purported by the vice president of the Sailing Federation of Sevastopol, Vladimir Glinyanik.

Glinyanik’s statement has been bolstered by that of the Russian Ministry of Industry and Trade, a spokesperson for which has claimed the government will also bring in a series of measures that make it easier for yachts to visit the region.

There is no questioning the Black Sea basin’s suitability for superyacht tourism; further west, Odessa was a historical tourist destination for the Russian aristocracy. And Crimea’s KaZantip festival is a famous haunt for oligarchs.

However, the legality of the region’s annexation is seriously dubious, and the situation as it stands would prohibit the Russian government from undertaking large-scale public works.

Furthermore, the plans tabled by the Russians mirror, almost exactly, a plan devised at the third congress of the International Black Sea Economic Forum. At the event, which took place in autumn 2012, it was proposed that the Ukrainian government would invest ¢1 billion to build 15 marinas by 2020.


Crimea's coastline is one of unquestionable beauty.

Join the discussion

Wherever next?

21506

To post comments please Sign in or Register

When commenting please follow our house rules


Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.

Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on