Vlaceslav Jurikov, a member of the Russian Academy of Sciences announced in 1994 that Atlantis had been located near the Lipari or Aeolian Islands off the northern coast of Sicily. He specified a point 15km from Cape Peloro at a depth of about 500 feet. This region is also favoured by Winfried Huf as the centre of the Atlantean sphere of influence.

Jurikov further asserts that refugees from Atlantis fled to the Ukraine bringing with them the symbol of Poseidon, the trident, which is now found on the coat of arms of Ukraine.