Dutch luxury yacht manufacturer Heesen Yachts was unable to get all the equipment to build a new ship due to sanctions against owner Vagit Alekperov. Alekperov is on the British and Australian sanctions lists, as a result of which the British engine manufacturer Rolls-Royce no longer supplies the company from Oss.

“Some of our suppliers are bound by UK law. As a result, some of them are unable to fulfill their obligations,” the spokesperson said.

Rolls-Royce said it was “temporarily suspending” its partnership with Heesen to seek legal advice on the interim situation. If possible, the group would prefer to continue supplying products to Heesen.

Russian billionaire Alekperov is one of three so-called main owners of Heesen Yachts. That is, he ultimately has control over the company. Recently, a summary process was filed because the notary did not want to cooperate in the transfer of Alekperov’s shares to the foundation. The transaction was supposed to prevent problems from sanctions against the billionaire, but the notary himself is afraid to evade European sanctions. Judge agrees with him.

Heesen feels that civil-law notaries should also take into account other factors, such as impending bankruptcy. According to the company, such bankruptcy is not necessarily a problem. Heesen, who has about a thousand employees in the Netherlands, is financially healthy, according to a spokesman.

Alekperov was a former Deputy Minister of Petroleum in the Soviet Union and raised a lot of money with the Lukoil oil company he founded. Recently, the entrepreneur stepped down as CEO of the company.