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Race for sunk Russian warship's '5,500 boxes of gold'

Section: Daily Dispatches

From the South China Morning Post, Hong Kong
Wednesday, July 18, 2018

Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion.

The badly damaged Russian Imperial Navy cruiser was located by manned submersibles at a depth of 434 metres about 1.3 kilometers off Ulleungdo on Sunday morning. ...

... Dispatch continues below ...


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There are reports that the Dmitrii Donskoi was carrying the funds that the Russian fleet required to pay for fuel, port fees and the crews of its ships and that it was scuttled with 5,500 boxes containing gold coins and bars still in its holds so that the Japanese would not seize the prize. ...

The Shinil Group says it aims to raise the ship in October or November. It added that it has reached an agreement with the Russian government to hand over half of the gold that is found aboard the vessel. ...

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