Over $2 Billion Worth of Russian Oligarchs’ Yachts Seized in Europe so Far

  • At least 13 luxurious boats have been seized in Europe since Putin launched a warfare on Ukraine.
  • The mega yachts are linked to Russian oligarchs and are valued between $8 million and $606 million.
  • Not all yachts have been seized, as some billionaires moved their vessels elsewhere.

More than $2 billion price of mega yachts linked to Russian billionaires have been seized in Europe since Russian President Vladimir Putin launched a warfare on Ukraine in late February, Bloomberg reported.

At least 13 yachts valued between $8 million and $606 million have been seized or impounded within the EU and UK as officers proceed to sanction Russia’s elite, based on the outlet.

The US, alongside the UK and EU, imposed financial sanctions on Russian oligarchs — a lot of whom moved their mega yachts to areas the place they can’t be seized, together with the Maldives.

It could be difficult to pin down the house owners of the yachts, however sufficient “public speculation” suggesting a Russian oligarch is the proprietor is usually “sufficient for a seizure,” Insider’s Joseph Zeballos-Roig and Hillary Hoffower reported. 

Spain is reportedly holding 4 of those yachts, together with the $8 million Lady Anastasia linked to Alexander Mikheev, the $95 million Valerie linked to Sergei Chemezov, the $95 million vessel Tango linked to Viktor Vekselberg, and the $468 million yacht Crescent linked to Igor Sechin.

France holds three extra vessels, together with one other yacht price $125 million additionally linked to Sechin referred to as the Amore Vero. The nation can be holding two yachts linked to Alexey Kuzmichev — the $22 million Little Bear and the $77 million Big Bear.

Italy is reportedly holding the $34 million Lady M, which is linked to Alexei Mordashov; the $575 million Sailing Yacht A, which is linked to Andrey Melnichenko; and the $38 million Lena, which is linked to Gennady Timchenko.

Germany holds the most important ship, the Dilbar, which is linked to Alisher Usmanov and valued at $606 million.

Gibraltar, a British territory, is holding the $68 million Axioma, which is linked to Dmitry Pumpyansky, whereas England has taken management of the $38 million Phi, linked to Vitaly Kochetkov.

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