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Amid EU Sanctions Superyacht Polaris Arrived In Malta

LoveMalta reports that Polaris, a 70-metre superyacht owned by Maxim Shubarev, arrived in the Grand Harbour the last week. Shubarev is the beneficial owner of Setl Group and has a net worth of $500 million. He is neither an oligarch nor part of a sanctions list dished out by the EU against Russian oligarchs. Shubarev purchased Maltese citizenship via the Golden Passport scheme in 2018.
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