Russian oligarch's lodge in Northland - Property News AU/NZ | propertynoise.co.nz & propertynoise.com.au

PHOTO: Helena Bay Lodge owned by Russian oligarch Alexander Abramov. Photo: Supplied

Northlanders living near a luxury lodge owned by a Russian oligarch are putting up Ukrainian flags on their properties.

In peak season, the Helena Bay Lodge charges $7000 a night per room.

The buildings, worth tens of millions of dollars, are owned by steel magnate Alexander Abramov, who is believed to have taken his superyacht from Europe to the Maldives as troops invaded Ukraine.

Forbes estimates the oligarch is worth US$6 billion.

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Abramov is not on the government’s new Russian travel ban list, but the list will likely expand as the government gathers intelligence.

There are protesters on yachts on their way to Helena Bay, calling for the government to freeze Abramov’s assets under the new Russia Sanctions Bill, to put pressure on Russian President Vladimir Putin to end war.