World's Largest Superyacht-Linked To Russian Oligarch Seized By Germany

 

Germany - Russian Oligarch - Largest Superyacht

Germany has officially seized the world's largest superyacht owned by Russian oligarch Alisher Usmanov because of Russia’s aggression in the war-torn country, Ukraine.

According to police sources, this was part of sanctions against Moscow following the outbreak of war in Ukraine. German customs had been trying to seize the superyacht for several weeks, but it was unable to seize it earlier because of a legal imbroglio over its ownership. It seized the yacht after the Russian oligarch had transferred its ownership to his sister, Gulbakhor Ismailova, who is also facing Western sanctions following Russia's invasion of Ukraine.

The superyacht Dilbar measures some 511 feet and 15,917 tons. It has an estimated value of $600 million. It is the largest motor yacht in the world by gross tonnage. The superyacht is named after the mother of its original owner, Alisher Usmanov, the billionaire of Russia. Usmanov was sanctioned by the United States (U.S.), the United Kingdom (U.K.), EuropeanUnion, and Switzerland in March after Russia's invasion of Ukraine. Ismailova was sanctioned by the U.K. on Wednesday and the EU last week.

The police wrote on Twitter, “The luxury yacht is now under the sanctions regime and so could be confiscated in Hamburg.” The confiscation of the "Dilbar" is just the latest round of Western sanctions against Russia.

Earlier, English Premier League football club Everton suspended its sponsorship agreements with several companies in which Usmanov held shares because of the Russia-Ukraine war.

Earlier, the US and other Western countries sanctioned Russian President Vladimir Putin and Foreign Minister Sergei Lavrov in response to Russia's military intervention in Ukraine.  The United Kingdom sanctioned 370 Russian officials. Western nations cut Russia off from the rest of the world financially. The US imposed sanctions against two large Russian financial institutions and Russian sovereign debt.

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