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Donations row casts light on Montenegro's deep water wealth trap

“It’s all about boats"

The news this week that Russian billionaire Oleg Deripaska and hedge fund manger Nathanial Rothschild are embroiled in a row over illegal donations to the UK’s Conservative Party, has inadvertently thrown light on a multi-billion euro project to build a super-port complex in Montenegro that will house hundreds of the world's most luxurious yachts.

Rothschild and Deripaska are two backers of the €650m ($832m) initiative that when complete, will offer owners of 780 luxury yachts a place to moor in a country being billed as a new generation haven with a business-friendly tax regime.

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