diff --git a/CHANGELOG.md b/CHANGELOG.md
index af796e442..0e0dae6f7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@
 - Removed `neptune-client` ([#1699](https://github.com/neptune-ai/neptune-client/pull/1699))
 - Deleted `neptune.logging` package ([#1698](https://github.com/neptune-ai/neptune-client/pull/1698))
 - Disabled `Model` ([#1701](https://github.com/neptune-ai/neptune-client/pull/1701))
+- Disabled `ModelVersion` ([#1701](https://github.com/neptune-ai/neptune-client/pull/1708))
 
 ### Features
 - ?
diff --git a/src/neptune/objects/model_version.py b/src/neptune/objects/model_version.py
index ff6467daa..a52462777 100644
--- a/src/neptune/objects/model_version.py
+++ b/src/neptune/objects/model_version.py
@@ -34,6 +34,7 @@
     NeedExistingModelVersionForReadOnlyMode,
     NeptuneMissingRequiredInitParameter,
     NeptuneOfflineModeChangeStageException,
+    NeptuneUnsupportedFunctionalityException,
 )
 from neptune.internal.backends.api_model import ApiExperiment
 from neptune.internal.container_type import ContainerType
@@ -176,6 +177,9 @@ def __init__(
         async_no_progress_callback: Optional[NeptuneObjectCallback] = None,
         async_no_progress_threshold: float = ASYNC_NO_PROGRESS_THRESHOLD,
     ) -> None:
+
+        raise NeptuneUnsupportedFunctionalityException
+
         verify_type("with_id", with_id, (str, type(None)))
         verify_type("name", name, (str, type(None)))
         verify_type("model", model, (str, type(None)))
diff --git a/tests/e2e/standard/test_stage_transitions.py b/tests/e2e/standard/test_stage_transitions.py
index fd72d3487..4a191273c 100644
--- a/tests/e2e/standard/test_stage_transitions.py
+++ b/tests/e2e/standard/test_stage_transitions.py
@@ -30,7 +30,7 @@ class TestStageTransitions(BaseE2ETest):
             pytest.param(
                 "model_version",
                 marks=pytest.mark.xfail(
-                    reason="Model not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
+                    reason="Model version not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
                 ),
             )
         ],
@@ -62,7 +62,7 @@ def test_transitions(self, container: ModelVersion):
             pytest.param(
                 "model_version",
                 marks=pytest.mark.xfail(
-                    reason="Model not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
+                    reason="Model version not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
                 ),
             )
         ],
@@ -79,7 +79,7 @@ def test_fail_on_unknown_stage_value(self, container: ModelVersion):
             pytest.param(
                 "model_version",
                 marks=pytest.mark.xfail(
-                    reason="Model not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
+                    reason="Model version not implemented", strict=True, raises=NeptuneUnsupportedFunctionalityException
                 ),
             )
         ],
diff --git a/tests/unit/neptune/new/client/test_model_version.py b/tests/unit/neptune/new/client/test_model_version.py
index bbf1dbbf2..9583dcadd 100644
--- a/tests/unit/neptune/new/client/test_model_version.py
+++ b/tests/unit/neptune/new/client/test_model_version.py
@@ -16,6 +16,7 @@
 import os
 import unittest
 
+import pytest
 from mock import patch
 
 from neptune import (
@@ -29,6 +30,7 @@
 )
 from neptune.exceptions import (
     NeptuneOfflineModeChangeStageException,
+    NeptuneUnsupportedFunctionalityException,
     NeptuneWrongInitParametersException,
 )
 from neptune.internal.backends.api_model import (
@@ -54,6 +56,7 @@
 AN_API_MODEL_VERSION = api_model_version()
 
 
+@pytest.mark.xfail(reason="Model version not supported", strict=True, raises=NeptuneUnsupportedFunctionalityException)
 @patch(
     "neptune.internal.backends.neptune_backend_mock.NeptuneBackendMock.get_metadata_container",
     new=lambda _, container_id, expected_container_type: (
@@ -71,6 +74,12 @@ def setUpClass(cls) -> None:
         os.environ[PROJECT_ENV_NAME] = "organization/project"
         os.environ[API_TOKEN_ENV_NAME] = ANONYMOUS_API_TOKEN
 
+    @pytest.mark.skip(
+        (
+            "By coincidence, the test is passing when it should not. It's caused by the fact that "
+            "NeptuneUnsupportedFunctionalityException is subclass of NeptuneException"
+        )
+    )
     def test_offline_mode(self):
         with self.assertRaises(NeptuneException):
             init_model_version(model="PRO-MOD", mode="offline")
@@ -139,6 +148,12 @@ def test_change_stage(self):
             with self.assertRaises(ValueError):
                 exp.change_stage(stage="wrong_stage")
 
+    @pytest.mark.skip(
+        (
+            "By coincidence, the test is passing when it should not. It's caused by the fact that "
+            "NeptuneUnsupportedFunctionalityException is subclass of NeptuneException"
+        )
+    )
     def test_change_stage_of_offline_model_version(self):
         # this test will be required when we decide that creating model versions
         # in offline mode is allowed