Two superyachts seized as Europe cracks down on oligarchs Business

German authorities have reportedly seized a $600m (£448m) yacht belonging to Russian billionaire Alisher Usmanov, while France has seized a yacht belonging to Rosneft chief Igor Sechin amid a crackdown growing against the oligarchs.

The 156-meter Dilbar yacht, the world’s largest by gross tonnage, was seized by authorities at a shipyard in Hamburg.

The boat had been in the shipyard of engineering firm Blohm + Voss undergoing renovations since late October, Forbes reported, adding that the German government froze the asset and employees failed to show up for work. Wednesday.

Mr Usmanov was on a list of ultra-wealthy Russians targeted by EU sanctions following the country’s invasion of Ukraine last week.

The metals magnate and former co-owner of Arsenal is also believed to be targeted by a sanctions package being prepared by the US Treasury Department.

It comes a day after Everton Football Club severed business relations with Mr Usmanov, who had close ties to majority shareholder Farhad Moshiri.

The club said it was ending all business deals with the tycoon’s USM Holdings, as well as telecommunications company Megafon and smartphone maker Yota.

Mr Usmanov bought Dilbar in 2016 for $600million from German shipbuilder Luerssen, who custom-built it for him for a year.

The luxurious vessel, which weighs 15,917 tons, is usually staffed with a crew of 96 and has the largest swimming pool ever fitted on a yacht.

It also has two helipads, a sauna, a beauty salon and a gym and can accommodate up to 24 people in 12 suites.

The yacht is part of Mr Usmanov’s vast fortune, estimated at $19.7 billion by Bloomberg.

It covers holdings in steel giant Metalloinvest and Chinese electronics giant Xiaomi, as well as holdings in a range of smaller telecom and media companies. He also owns Russian newspaper Kommersant and was an early investor in Facebook.

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This notice was published: 2022-03-03 11:42:16

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