Russian President Spends $41 Million on Luxury Yacht

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Kremlin administration has purchased a yacht for President Dmitry Medvedev, Russian press has reported on Wednesday. It is believed to be a replacement for the current presidential yacht Kavkaz, which is due to be decommissioned soon.

The new yacht is registered in the Black Sea resort of Sochi (South Russia) and will serve as Medvedev’s floating office, Kremlin’s spokesman Victor Khrekov said. According to Khrekov, Medvedev will meet onboard with foreign guests during the 2014 Winter Olympic Games held in Russia.

The 177 foot-long Sirius has quarters for 12 crew and a range of 5,000 nautical miles. The super-yach’s luxury interior features a large salon, a master suite and five guest cabins, two whirlpool baths, a cinema and an artificial waterfall encased in glass. Twin staircases lead to a bathing platform with a wide array of water toys and diving equipment. The spokesman told the Vedomosti newspaper that the craft was still being fitted out. “Everything necessary for a president for work and relaxation has been thought of.”

Reports in Moscow say the Kremlin bought the boat last year from the Proteksan-Turquoise company in Istanbul, changing its name from Leo Fun. Medvedev’s new yacht was built in 2009 as part of a Yachts & Paolo Caliari project, the interior was created by J G Verges Design.

The purchase emerged as Dmitry Medvedev visited the World Economic Forum in Davos, Switzerland

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