For all the talk of sanctions on Russia and its elite, the status symbols of the billionaire class remain free to roam the skies and the seas.
Russia’s ultrarich are among the biggest owners of private jets and superyachts, two of the most opulent displays of massive wealth.
So far, even as the U.S. and U.K. have ramped up sanctions on more than 100 Russian individuals and entities, these assets of the country’s elite — which can be worth hundreds of millions of dollars each — have avoided any direct hit. So too have their high-end real estate holdings, which in London range from Chelsea penthouses to Highgate mansions.