Coming from Viareggio in Italy the superyacht Polaris sailed into Malta's Grand Harbour in early March 2021. The Russian oligarch Maxim Shubarev, who bought Maltese citizenship in 2018, bought the Malta-flagged Polaris in 2021 (details here). Some 10 people were on board but we do not know whether Shubarev was on the vessel. A few days later The superyacht left Malta destined for Turkey.

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.