Here are the Russian oligarch yachts being seized as sanctions sink in
Thursday - 03/03/2022 15:10
French authorities seized a massive yacht they say is linked to Igor Sechin.
At least two superyachts owned by Russian oligarchs have been seized by authorities in the European Union after the executives were sanctioned following their country’s invasion of Ukraine.
The move to target these assets comes as the U.S. Justice Department announced a new task force that will help enforce sweeping sanctions against Russian oligarchs. The task force will use various tools at its disposal, including cryptocurrency tracing, to track down assets to seize and prosecute those who violate the sanctions.
Meanwhile, the United States and its allies have placed what could be devastating sanctions on President Vladimir Putin and key Russian financial institutions, including the nation’s central bank.
Sechin was previously targeted with sanctions by the EU after the invasion of Ukraine.
Forbes reported that the over 500-foot superyacht of Russian billionaire and business tycoon Alisher Usmanov was seized in Germany. Usmanov has also been sanctioned by the EU. After publication of this story, Forbes updated their article noting that the Ministry for Economy and Innovation in Hamburg informed them that the vessel had not been seized.
The yacht, named Dilbar, has a swimming pool on the main deck and can accommodate 36 guests, according to the website Superyacht Fan. The site estimates the cost of the yacht to be between $800 million and $1 billion.