Yalta Getaways: Luxury and Sanctions in Crimea | Kharon The Kharon Brief

Yalta Getaways: Luxury and Sanctions in Crimea

The US Department of the Treasury’s designation of the Mriya Resort & Spa on November 8, 2018 for operating in Crimea highlights the sanctions risk of luxury hotels in the region. Mriya Resort & Spa is ultimately owned by Sberbank, which is subject to sectoral sanctions.