Former Russian President Dmitry Medvedev, now deputy chair of Russias Security Council and a singing critic of Western nations, has reportedly purchased a 3.5-million-pound ($4.4 million) high-end private yacht made in the United Kingdom.The vessel, namedHurry Up, was produced by Plymouth-based Princess Yachts in 2024 and imported into Russia through a foundation allegedly connected to Medvedev, according to the investigative outletThe Insider.The structure, called the Foundation for the Support of National Maritime Programs, assisted in the import through an associated company, files reveal.The structure is headed by Dmitry Ustratov, an associate of Ilya Yeliseyev, a veteran confidant of Medvedev and overseer of his financial interests.Although the structure got 2.3 billion rubles ($21.2 million) in donations in 2023, its humanitarian efforts appear modest.
Media reports suggest its most advertised initiative was supplying kayaking devices to a youth company in the Moscow-occupied Kherson region of Ukraine.Medvedev, understood for his extravagant lifestyle, already owns a fleet of high-end private yachts.
These consist of the Italian-builtGV, valued at 4 million pounds and theUniverse, a 74-meter megayacht worth an estimated 82 million pounds.TheUniverseboasts features such as a helipad and safe communications systems and is supposedly financed by oligarch Igor Yusufov via an overseas entity in the Cayman Islands.His newest reported acquisition stands in plain contrast to Medvedevs fiery rhetoric versus the U.K.He recently labeled Britain a perennial opponent of Russia and declared it could be wiped off the map by Russian missiles.This short article was firstpublished by bne IntelliNews.