Superyacht owned by oligarch with close ties to Putin seized by U.S.

Linked to billionaire viktor vekselberg, tango is a 78-metre vessel valued at $120m us.

motor yacht tango seized

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The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the government's sanctions enforcement initiative to "seize and freeze" giant boats and other pricey assets of Russian elites.

Spain's Civil Guard and U.S. federal agents descended on the yacht at the Marina Real in the port of Palma de Mallorca, the capital of Spain's Balearic Islands in the Mediterranean Sea. Associated Press reporters at the scene saw police going in and out of the boat on Monday morning.

A Civil Guard source told The Associated Press that the immobilized yacht was the Tango, a 78-metre vessel that carries a Cook Islands flag and that Superyachtfan.com, a specialized website that tracks the world's largest and most exclusive recreational boats, set its value at $120 million US.

motor yacht tango seized

The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russian President Vladimir Putin who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg's assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities.

U.S. Attorney General Merrick Garland confirmed the seizure in a statement released by the Justice Department, which estimated the value of the vessel as "at least $90 million."

"Today marks our task force's first seizure of an asset belonging to a sanctioned individual with close ties to the Russian regime. It will not be the last," said Garland. "Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war."

Vekselberg familiar to U.S. officials

Garland and Treasury Secretary Janet Yellen have assembled a task force known as REPO — short for Russian Elites, Proxies and Oligarchs — as an effort to enforce sanctions after Russia invaded Ukraine in late February.

Vekselberg has long had ties to the U.S. including a green card he once held and homes in New York and Connecticut. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Vekselberg was also questioned in special counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in the Mueller probe after the lawyer for adult film star Stormy Daniels released a memo that claimed $500,000 US in hush money was routed through Columbus Nova to a shell company set up by Donald Trump's personal lawyer, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

motor yacht tango seized

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump's inner circle and high-level Russians during the 2016 campaign and transition.

The 64-year-old mogul founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia's biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

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The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture, which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

"Today's seizure of Viktor Vekselberg's yacht, the Tango, in Spain is the result of an unprecedented multinational effort to enforce U.S. sanctions targeting those elites who have enabled Russia's unprovoked and illegal invasion of Ukraine," said Andrew Adams, director of that task force. "For those who have tied their fortunes to a brutal and lawless regime, today's action is a message that those nations dedicated to the rule of law are equally dedicated to separating the oligarchs from their tainted luxuries."

The White House has said that many allied countries, including Germany, the U.K., France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions. In his State of the Union address, President Joe Biden warned oligarchs that, "we are coming for your ill-begotten gains."

Other yachts seized

Monday's capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch's superyacht. Officials there said they had seized a vessel valued at over $140 million US owned by the CEO of a state-owned defence conglomerate and a close Putin ally.

French authorities have also seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

$90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg Seized by Spain at Request of United States <a href="https://t.co/plLXnHXdoU">https://t.co/plLXnHXdoU</a> <a href="https://twitter.com/DOJPH?ref_src=twsrc%5Etfw">@DOJPH</a> <a href="https://twitter.com/FBIMinneapolis?ref_src=twsrc%5Etfw">@FBIMinneapolis</a> <a href="https://twitter.com/HSINewYork?ref_src=twsrc%5Etfw">@HSINewYork</a> &mdash; @USAO_DC

Italy has also seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht Lena belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-metre Lady M owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

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US Seizes Super Yacht ‘Tango' Owned by Oligarch With Close Ties to Putin From Spanish Port

The doj alleges in a warrant the yacht should be forfeited because billionaire viktor vekselberg violated u.s. bank fraud, money laundering and sanctions statutes, by francisco ubilla, aritz parra and michael balsamo • published april 4, 2022.

The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin's invasion of Ukraine and targeting pricey assets of Russian elites.

Spain's Civil Guard and U.S. federal agents descended on the Tango at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands in the Mediterranean Sea. Associated Press reporters at the scene saw police going in and out of the boat.

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The U.S. Justice Department, which obtained a warrant from a federal judge in Washington, alleges the yacht should be forfeited for violating U.S. bank fraud, money laundering and sanctions statutes.

Superyachtfan.com , a specialized website that tracks the world’s largest and most exclusive recreational boats, values the 78-meter vessel, which carries the Cook Islands flag, at $120 million.

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The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close Putin ally who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents .

All of Vekselberg’s assets in the United States are frozen and American companies are barred from doing business with him and his entities. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Prosecutors allege Vekselberg bought the Tango in 2011 and has owned it since then, though they believe he has used shell companies to try to obfuscate his ownership and to avoid financial oversight.

They contend Vekselberg and those working for him continued to make payments using U.S. banks to support and maintain the yacht, even after sanctions were imposed on him in 2018. Those payments included a stay in December 2020 at a luxury water villa resort in the Maldives and fees to moor the yacht.

It's the first U.S. seizure of an oligarch’s yacht since U.S. Attorney General Merrick Garland and U.S. Treasury Secretary Janet Yellen assembled a task force known as REPO — short for Russian Elites, Proxies and Oligarchs — as an effort to enforce sanctions after Russia invaded Ukraine in late February.

"It will not be the last,” Garland said in a statement. “Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war.”

Vekselberg has long had ties to the U.S., including a green card he once held and homes in New York and Connecticut. He was also questioned in special counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in that investigation after the lawyer for adult film star Stormy Daniels released a memo that claimed $500,000 in hush money was routed through Columbus Nova to a shell company set up by Donald Trump's personal attorney, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump's inner circle and high-level Russians during Trump's 2016 campaign and the transition before his presidency.

The 64-year-old Vekselberg founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia’s biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

The yacht sails under the Cook Islands flag and is owned by a company registered in the British Virgin Islands administered by different societies in Panama, the Civil Guard said, “following a complicated financial and societal web to conceal its truthful ownership.”

Agents confiscated documents and computers inside the yacht that will be analyzed to confirm he real identity of the owner, it said.

The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture, which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, the U.S. Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

The White House has said that many allied countries, including Germany, the United Kingdom, France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions. In his State of the Union address on March 1, President Joe Biden warned oligarchs that the U.S. and European allies would “find and seize your yachts, your luxury apartments, your private jets.”

“We are coming for your ill-begotten gains,” he said.

Monday's capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch’s superyacht. Officials said they had seized a vessel valued at over $140 million owned by the CEO of a state-owned defense conglomerate and a close Putin ally.

French authorities have seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

Italy has seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht Lena belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-meter (215-foot) Lady M owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

Parra reported from Madrid and Balsamo reported from Washington.

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A russian oligarch's $90 million yacht is seized as part of u.s. sanctions.

motor yacht tango seized

A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, on Monday. U.S. federal agents and Spain's Civil Guard are searching the yacht owned by a Russian oligarch. Francisco Ubilla/AP hide caption

A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, on Monday. U.S. federal agents and Spain's Civil Guard are searching the yacht owned by a Russian oligarch.

Spanish officials have seized a Russian-owned luxury yacht in Mallorca at the request of the U.S. Department of Justice. It was the first coordinated seizure under the department's Task Force KleptoCapture, which is tasked with enforcing the sweeping sanctions placed on Russia in response to its invasion of Ukraine.

The $90 million 255-foot yacht, named Tango, is owned by sanctioned Russian oligarch Viktor Vekselberg, who heads the Renova Group, a Russian conglomerate with interests in metallurgy, machinery, energy, telecommunications as well as others.

"Today marks our taskforce's first seizure of an asset belonging to a sanctioned individual with close ties to the Russian regime. It will not be the last," said Attorney General Merrick Garland in a statement. "Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war."

The seizure was performed by Spanish Guardia Civil officers with assistance from the FBI.

U.S. officials allege that the Tango has been owned continuously by Vekselberg since 2011 and that he used shell companies to " obfuscate his interest in the Tango ," the Justice Department said in a press release.

The release cites alleges bank fraud and money laundering as justification for the seizure, highlighting U.S. bank payments for support and maintenance of the vessel — including a December 2020 stay at a luxury water villa resort in the Maldives.

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US seizes yacht owned by oligarch with close ties to Putin

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A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

Civil Guards accompany U.S. FBI agents and a U.S.Homeland Security agent from the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. (AP Photo/Francisco Ubilla)

A U.S. federal agent leaves the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. (AP Photo/Francisco Ubilla)

A Civil Guard officer accompanies a U.S.Homeland Security agent and an FBI agent from the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. (AP Photo/Francisco Ubilla)

A U.S. federal agent and two Civil Guards board the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

Civil Guards stand by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

A U.S. federal agent walks past two Civil Guards on the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

Civil Guards officers accompany identified people from the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. (AP Photo/Francisco Ubilla)

A Civil Guard and a police dog walk off the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia’s President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

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PALMA DE MALLORCA, Spain (AP) — The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin’s invasion of Ukraine and targeting pricey assets of Russian elites .

Spain’s Civil Guard and U.S. federal agents descended on the Tango at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands in the Mediterranean Sea. Associated Press reporters at the scene saw police going in and out of the boat.

The U.S. Justice Department, which obtained a warrant from a federal judge in Washington, alleges the yacht should be forfeited for violating U.S. bank fraud, money laundering and sanctions statutes.

Superyachtfan.com, a specialized website that tracks the world’s largest and most exclusive recreational boats, values the 78-meter vessel, which carries the Cook Islands flag, at $120 million.

The yacht is among the assets linked to Viktor Vekselberg , a billionaire and close Putin ally who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents.

All of Vekselberg’s assets in the United States are frozen and American companies are barred from doing business with him and his entities. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Prosecutors allege Vekselberg bought the Tango in 2011 and has owned it since then, though they believe he has used shell companies to try to obfuscate his ownership and to avoid financial oversight.

They contend Vekselberg and those working for him continued to make payments using U.S. banks to support and maintain the yacht, even after sanctions were imposed on him in 2018. Those payments included a stay in December 2020 at a luxury water villa resort in the Maldives and fees to moor the yacht.

It’s the first U.S. seizure of an oligarch’s yacht since U.S. Attorney General Merrick Garland and U.S. Treasury Secretary Janet Yellen assembled a task force known as REPO — short for Russian Elites, Proxies and Oligarchs — as an effort to enforce sanctions after Russia invaded Ukraine in late February.

“It will not be the last.” Garland said in a statement. “Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war.”

Vekselberg has long had ties to the U.S., including a green card he once held and homes in New York and Connecticut. He was also questioned in special counsel Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in that investigation after the lawyer for adult film star Stormy Daniels released a memo that claimed $500,000 in hush money was routed through Columbus Nova to a shell company set up by Donald Trump’s personal attorney, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump’s inner circle and high-level Russians during Trump’s 2016 campaign and the transition before his presidency.

The 64-year-old Vekselberg founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia’s biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

The yacht sails under the Cook Islands flag and is owned by a company registered in the British Virgin Islands administered by different societies in Panama, the Civil Guard said, “following a complicated financial and societal web to conceal its truthful ownership.”

Agents confiscated documents and computers inside the yacht that will be analyzed to confirm he real identity of the owner, it said.

The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture, which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, the U.S. Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

The White House has said that many allied countries, including German, the United Kingdom, France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions. In his State of the Union address on March 1, President Joe Biden warned oligarchs that the U.S. and European allies would “find and seize your yachts, your luxury apartments, your private jets.”

“We are coming for your ill-begotten gains,” he said.

Monday’s capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch’s superyacht. Officials said they had seized a vessel valued at over $140 million owned by the CEO of a state-owned defense conglomerate and a close Putin ally.

French authorities have seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

Italy has seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht Lena belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-meter (215-foot) Lady M owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

Parra reported from Madrid and Balsamo reported from Washington.

motor yacht tango seized

Here are the superyachts seized from Russian oligarchs

As part of an international pressure campaign on Russia, authorities from around the world have seized more than a half-dozen superyachts belonging to billionaire oligarchs allied with Russian President Vladimir Putin.

The yacht seizures since the Feb. 24 invasion are "just the beginning," White House press secretary Jen Psaki told reporters in March, as an international task force worked to identify further assets that can be seized or frozen.

“The Justice Department will be relentless in our efforts to hold accountable those who facilitate the death and destruction we are witnessing in Ukraine,” U.S. Attorney General Merrick Garland said of the ongoing efforts in May.

Here are the superyachts government officials have seized since Russia invaded Ukraine last month.

Image: The Amadea anchored at a pier in Pasatarlasi on Feb. 18, 2020 in Bodrum, Turkey.

The Justice Department announced May 5 that the Fijian government had seized billionaire oligarch Suleiman Kerimov 's 348-foot yacht Amadea. The vessel, which is valued at more than $300 million , arrived in Fiji last month. Kerimov, who's worth an estimated $14 billion and has ties to the Russian government, was sanctioned by the U.S. Treasury Department over alleged money laundering in 2018.

Special features on the sprawling yacht include a helipad, infinity pool, a jacuzzi and multiple bars, according to a report in Boat International . It can accommodate 16 overnight guests in addition to 36 crew members, the report said.

Tango yacht in Marmaris, Turkey on April 19, 2014.

In April, Spanish law-enforcement officials seized a 255-foot yacht called the Tango, which Justice Department says is owned by oligarch Viktor Vekselberg. Vekselberg is an aluminum magnate who the Treasury Department says has close ties to Russian President Vladimir Putin.

The Tango is worth an estimated $90 million, prosecutors said , and Vekselberg allegedly purchased it through shell companies. The 11-year-old yacht has seven staterooms and reportedly includes amenities such as a pool, gym and beauty salon .

Detained Superyachts Of Sanctioned Russian Billionaires

Authorities in Italy seized a 215-foot superyacht called the Lady M this month. It's owned by Alexei Mordashov, Russia's richest businessman, and it’s estimated to be worth $27 million . The vessel, which requires a crew of 14, has six guest cabins , a pool and a gym.

But it pales in comparison to another of Mordashov's yachts, the $500 million Nord . The 464-foot vessel, which has two helipads and a waterfall and can accommodate 36 guests, was anchored this month in the Seychelles, where the U.S. and European Union sanctions don’t apply.

Image: The yacht "Lena", belonging to Gennady Timchenko, an oligarch close to Russian President, in the port of San Remo on on March 5, 2022 .

Italian officials also seized the 132-foot superyacht Lena, owned by the energy magnate Gennady Timchenko. Estimated to be worth $8 million, it has five cabins and can accommodate 10 guests.

The "SY A" yacht, owned by Russian billionaire Andrey Melnichenko, seized by Italian authorities

SY A — short for Sailing Yacht A — is one of the world's largest superyachts. Valued at over $440 million, the 469-foot vessel, owned by the fertilizer magnate Andrey Melnichenko, has eight decks, multiple elevators, an underwater observation area and the world's tallest masts . It was seized in the Italian port of Trieste.

Image: The 85m long yacht "Valerie", linked to Rostec defense firm chief Sergei Chemezov, moored in the port of Barcelona, on March 15, 2022.

Authorities in Spain seized Sergei Chemezov's Valerie, a 279-foot superyacht that had been moored in Barcelona. Chemezov , a former KGB officer, heads the state conglomerate Rostec. Spanish Prime Minister Pedro Sanchez touted the seizure on La Sexta television. “We are talking about a yacht that we estimate is worth $140 million,” Sanchez said.

Image: Amore Vero, a yacht owned by a company linked to Igor Sechin, chief executive of Russian energy giant Rosneft, in a shipyard in La Ciotat, near Marseille, southern France, on March 3, 2022.

Officials in France announced this month that they had seized the 289-foot Amore Vero, which was undergoing repairs in a shipyard near Marseille. When they arrived, authorities said, they found the crew preparing for an urgent departure, even though the repair work was scheduled to last through April. The $120 million boat, which has seven cabins , is linked to Igor Sechin, described by the U.S. Treasury Department as a close ally of Putin's.

motor yacht tango seized

Dareh Gregorian is a politics reporter for NBC News.

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€90m superyacht linked to Russian oligarch Viktor Vekselberg seized by US and Spain

motor yacht tango seized

The US has seized a mega yacht owned by an oligarch with close ties to Putin.

It is the first seizure from the US since Russia’s war on Ukraine began.

Spain's Civil Guard and the FBI descended on the €90m Euro (£75,372,000) yacht called ‘Tango’ in the port of Palma de Mallorca, the capital of Spain's Balearic Islands on Monday.

The 78-metre long vessel is linked to billionaire Viktor Vekselberg.

Vekselberg is a close ally of Putin who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets.

The US Justice Department, which obtained a warrant from a federal judge in Washington, said the yacht should be forfeited for allegedly violating US bank fraud, money laundering and sanctions laws.

Vekselberg's assets are frozen in the US and US companies are forbidden from doing business with him and his entities. He was also placed under sanctions by the UK last month.

A Spanish Civil Guard spokesman confirmed officers from the Spanish police body and from the FBI were at the marina searching the vessel on Monday morning.

motor yacht tango seized

It comes after the US assembled a task force known as ‘Repo’ in an effort to enforce sanctions against oligarchs since the invasion of Ukraine.

“Today marks our task force's first seizure of an asset belonging to a sanctioned individual with close ties to the Russian regime. It will not be the last," US Attorney General Merrick Garland said in a video statement.

“Together with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war.”

Vekselberg has long had ties to the US, including once holding a green card and homes in New York and Connecticut.

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The Ukrainian-born businessman built his fortune by investing in the aluminium and oil industries in the post-Soviet era.

He was first sanctioned by the US in 2018 and again this March, shortly after Russia's invasion of Ukraine began.

President Joe Biden has previously warned oligarchs the US and its allies will "find and seize your yachts, your luxury apartments, your private jets".

He said: "We are coming for your ill-begotten gains."

It comes amid a string of yacht seizures from oligarchs around the world after Putin’s invasion of Ukraine.

In France, the authorities have seized a superyacht believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft.

It has been on the US sanctions list since Russia annexed Crimea in 2014. Italy has also seized several yachts and other assets.

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Pair charged with hiding Russian oligarch's ties to yacht

The justice department says two businessmen have been charged with trying to conceal a sanctioned russian oligarch’s ownership of a luxury yacht seized in spain last year by the u.s. government, article bookmarked.

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Two businessman have been charged with trying to conceal a sanctioned Russian oligarch's ownership of a luxury yacht seized in Spain last year by the U.S. government, the Justice Department said Friday.

An arrest warrant has been issued for Vladislav Osipov, a dual Russian and Swiss national who the Justice Department says was an employee of Viktor Vekselberg, a billionaire Russian oligarch and ally of Russian president Vladimir Putin.

Another defendant, Richard Masters , was arrested by Spain at the request of U.S. authorities. He's a British businessman who ran a yacht management company in Palma de Mallorca, Spain — where Vekselberg's yacht, Tango , was seized last April.

Prosecutors allege Vekselberg bought the Tango in 2011 and has owned it since then, though they believe he has used shell companies to try to obfuscate his ownership and to avoid financial oversight. He was sanctioned in 2018. All of Vekselberg’s assets in the United States are frozen and American companies are barred from doing business with him and his entities.

The Justice Department says the men worked together to hide Vekselberg's ownership of the yacht from the U.S. government, even developing a fake name for the vessel, as a way to evade sanctions and to illegally collect hundreds of thousands of dollars in U.S services and financial transactions.

They are charged in federal court in the District of Columbia with crimes including money laundering and violating the International Emergency Economic Powers Act. It was not immediately clear if they had lawyers who could speak on their behalf.

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The United States vs. a yacht: How the government can take a Russian oligarch's $90 million superyacht

  • The US seized a Russian oligarch's superyacht for the first time this week.
  • The process of civil asset forfeiture lets the Justice Department sue objects and take them.
  • But the government has to pay for upkeep while the case goes through the courts.

Insider Today

On Monday, US federal agents, working with Spanish authorities, seized a 255-foot, $90 million superyacht belonging to Viktor Vekselberg, a billionaire and ally of Russian President Vladimir Putin.

The seizure was part of "Operation KleptoCapture," the US Justice Department announced . Working with the Treasury Department and allied countries , prosecutors are investigating and prosecuting oligarchs who break laws connected to new US sanctions following Russia's invasion of Ukraine.

For weeks, countries like France, the United Kingdom, and Italy have made showy yacht seizures , raiding them for computers and closing them off as their suspected oligarch owners are slapped with sanctions.

In the United States, seizing a yacht is a little less straightforward.

First, you must sue the yacht.

The United States vs. a yacht

The seizure of Vekselberg's yacht, named the Tango, was part of a process called civil asset forfeiture.

Prosecutors determine that some property — in this case, a yacht, but it could be something like a pile of cash, a car, or a house — was instrumental in illegal activity or was purchased from the profit of a crime. Prosecutors then ask a judge to sign a warrant for a seizure, which permits them to take it.

Civil asset forfeiture is an especially useful legal instrument for when prosecutors want to go after people living in other countries. If a criminal case were filed against a foreigner, they can simply stay out of the US or countries with US extradition treaties.

Criminal asset forfeiture can only be used upon a conviction. And if a person can't stand trial, they can't be convicted.

So, we have civil asset forfeiture.

The rationale for seizing Vekselberg's yacht was laid out in court documents made public Monday and reviewed by Insider. The yacht itself is a defendant in the case, titled "In the matter of the seizure of the motor yacht Tango, with International Maritime Organization Number 1010703." If Vekselberg wants his yacht back, he'll come into the case as a claimant — not a defendant.

An FBI affidavit filed to court said the Tango was at the center of a bank fraud and money laundering conspiracy. Prosecutors accused Vekselberg and unnamed co-conspirators of structuring payments regarding the boat in a way that obscured the oligarch's ownership, thereby avoiding transaction reporting requirements.

"Bank records received by law enforcement show that, prior to being sanctioned by the Treasury Department, Vekselberg made U.S. dollar payments from accounts in his own name to Arinter and its managers," the FBI agent wrote, referring to a holding entity for the yacht. "These payments are consistent with Vekselberg being the true owner of the TANGO."

The US has had sanctions against the Ukraine-born Vekselberg and his company, the Moscow-based Renova Group, since 2018.

Related stories

But the Constitution's Fourth Amendment doesn't allow the US government to take things belonging to oligarchs just by putting them on a sanctions list.

What Operation KleptoCapture does, according to Duncan Levin, a former prosecutor specializing in money laundering and asset forfeiture cases, is train the Justice Department's resources toward sanctioned oligarchs who may have disguised their forbidden financial transactions.

"It is not illegal to be an oligarch," Levin, an attorney at Tucker Levin PLLC, told Insider. "It is illegal to commit crimes, including some that take place outside the United States."

Fortunately for prosecutors investigating Russian oligarchs, money laundering gives "a lot of wiggle room" for the types of assets that can be seized in connection to the alleged crime, according to Sarah Krissoff, a former federal prosecutor overseeing complex financial investigations.

"The statutes are pretty vast," Krissoff, an attorney at Day Pitney, told Insider. "That's definitely where I would work if I was a prosecutor and trying to get at some of these assets."

Your tax dollars will pay for the yacht's upkeep

So, how does one seize a yacht?

In the case of the Tango, which is docked in Palma de Mallorca, US authorities asked Spanish authorities for help. A video  the Justice Department published  shows agents from the FBI, Department of Homeland Security, and Spain's interior ministry boarding the yacht and entering the control room.

—Jacob Shamsian (@JayShams) April 4, 2022

When the federal government seizes something, it goes under the control of the US Marshals Service . They're in charge of making sure the property is kept in good condition. For the Tango, they have a gym, elevator, beach club, and beauty salon  to worry about.

"If there's something that has to be done, like make sure the property doesn't flood or make sure the water's turned off in the winter or something — that's the Marshals' responsibility," Krissoff told Insider. "So that can get very complicated for a yacht."

The US Marshals Service has a huge network of private contractors they work with to take care of upkeep. For complicated assets like a plane, yacht, or artwork, it'll probably be a contractor doing the day-to-day work rather than actual marshals. Cars are often held in specialized lots, and boats may be placed in dry docks to make maintenance easier.

The Justice Department said in a statement Monday that the yacht is still in Palma de Mallorca. It might just stay there. Owners of seized assets, in many cases, may still be able to use them until litigation is complete. Prosecutors might just make an on-paper seizure with the intent of selling it down the line.

It could take years for a forfeiture case to make its way through the courts, and the scope of the owner's use is often negotiated, Krissoff said. The court records for the Tango seizure are still sealed, and it's not clear if prosecutors have talked with Vekselberg (or his lawyers) about what they'll do with the yacht.

All of the experts who spoke with Insider mentioned the saga of 650 Fifth Avenue, a Manhattan skyscraper.

The US Attorney's office in Manhattan tried to seize it in 2008 , alleging it was partly owned by a sanctioned Iranian bank. It took until 2017, when a jury agreed with the prosecutors' case, for the seizure to move forward — but the moves were thwarted in 2019 when the jury verdict was overturned upon appeal.

Having the US Marshals Service take care of a skyscraper for 11 years only to lose the case would have been a financial debacle. For something like a yacht, the Justice Department might allow Vekselberg to continue paying for the upkeep instead of the US government.

In some cases, prosecutors can apply for "interlocutory sale," Levin said, where they'd sell the asset. It's an option they consider when properties are expensive to maintain or would diminish in value.

"They'd take the yacht, they'd sell it, and they'd hold the money in an escrow account," Levin said. "And then they'd seize the money in lieu of the yacht. And if they lost the case, they would give the money back."

If that were to happen, whoever bought the yacht would get to keep it.

Seizing a yacht may make a difference in Ukraine

Vekselberg is worth $16.6 billion, according to Bloomberg . A yacht worth an estimated $90 million, at the end of the day, is a little more than half a percentage point of his estimated net worth.

According to Juan Zarate, who oversaw the George W. Bush administration's efforts to seize Saddam Hussein's assets, the new wave of sanctions is unlikely to have an immediate effect on the war in Ukraine. Seizing one of Putin's associate's yachts isn't going to stop a bombing campaign.

But the cumulative effect of sanctions — and the signal that the US is willing to go to great lengths to enforce them — can be "incredibly painful" in the long term, Zarate said.

"There's a mismatch of the expectations of what these kinds of cases can do in the short term versus what they do in the long term, which is to constrain the ability of these oligarchs to operate freely and comfortably, and the psychology around that," Zarate told Insider.

Operation KleptoCapture comes amid calls to seize yachts, apartments, and other flashy luxuries flaunted by ultrawealthy Russian nationals believed to profit from the country's corruption.

There's also the REPO — short for Russian Elites, Proxies, and Oligarchs — task force between the Justice and Treasury departments to enforce sanctions connected to the Ukraine invasion.

"Nothing's gonna be a silver bullet and nothing's gonna solve the problem with Putin wanting to invade a neighbor, but it is part of an effort to pressure and to isolate," Zarate said.

According to the FBI affidavit, Vekselberg's Renova Group is complicit in "the threat posed by the actions and policies of certain persons who had undermined democratic processes and institutions in Ukraine; threatened the peace, security, stability, sovereignty, and territorial integrity of Ukraine; and contributed to the misappropriation of Ukraine's assets."

The FBI affidavit accuses the company of other nefarious misdeeds. It says that Vekselberg and associates have been accused of using "armed soldiers and corrupted Russian court proceedings" to gain control of a Siberian oilfield, and plundered a bank to buy Faberge eggs, according to reports. Executives at his companies have been arrested on bribery charges, as well.

The selection of Andrew Adams — an experienced corruption prosecutor who oversaw transnational crime, asset forfeiture, and money laundering at the US Attorney's office in Manhattan — to lead Operation KleptoCapture signals just how serious the US government is about going after oligarchs' assets, Krissoff said.

Adams' team was famous for being "remarkably creative" in building forfeiture cases, something that will come in handy as the task force goes after everything from yachts to cryptocurrency, she said.

"They're used to looking at complicated ownership structures," Krissoff said. "They're used to situations where it's very muddy, how the asset was procured. They're used to finding creative ways for identifying ownership of the asset."

Watch: Videos show dead bodies and a mass grave in Bucha, Ukraine

motor yacht tango seized

  • Main content

From yachts to lavish estates, tracking Russian assets seized so far

Tal Yellin

By Tal Yellin , CNN

Published April 13, 2022

Updated April 27, 2022

Countries are on the hunt for sanctioned Russian assets after Russia’s invasion of Ukraine in February. Thousands of Russians have since been sanctioned by the United States, the European Union, and the United Kingdom, among others. Superyachts and multimillion-dollar properties have already been seized or frozen by authorities in Italy, France, Spain, the UK and Gibraltar. The United States has also launched KleptoCapture, a task force focused on those who violate sanctions and the seizing of their assets.

This interactive will continue to track known developments and help show where sanctioned Russians park their money outside of Russia. Except for Igor Sechin and Sergei Chemezov, no other oligarchs or related persons mentioned in this story responded to requests for comment from CNN.

motor yacht tango seized

Real estate

Other assets

April 14, 2022

“dilbar”  linked to    alisher usmanov   valued at $600-$750 million in hamburg, germany.

motor yacht tango seized

Germany has impounded the “Dilbar,” a superyacht connected to a Russian oligarch in Hamburg, the country’s embassy in the US tweeted . The yacht belongs to the sister of Alisher Usmanov and is worth between $600 to $750 million, according to the German Federal Criminal Police Office. Usmanov is one of Russia’s wealthiest billionaires with vast domestic and international holdings. The US government sanctioned him in early March in a campaign targeting Putin’s allies, stating Usmanov is alleged to have “financial ties” to Putin. In March, Italy’s financial police seized his real estate and assets worth about $90 million. Usmanov has also been sanctioned by the European Union.

April 12, 2022

Assets  linked to    roman abramovich   valued at over $7 billion in jersey.

Authorities in the Channel island of Jersey froze more than $7 billion worth of assets “suspected to be connected to” Russian billionaire Roman Abramovich, according to a government statement . The frozen assets are either located in Jersey or owned by Jersey incorporated entities, the statement said. The States of Jersey Police also executed search warrants on premises “connected to the business activities” of Abramovich. Abramovich made his fortune in steel and investments and was sanctioned by the UK in March, citing his decades-long relationship with Vladimir Putin. In a statement at the time , the UK government noted that “he is one of the few oligarchs from the 1990s to maintain prominence under Putin.” These frozen assets represent around half his net worth, according to the Bloomberg Billionaire Index .

April 11, 2022

Properties  linked to    nikita mazepin   valued at $114.3 million in sardinia, italy.

motor yacht tango seized

A real estate compound, “Rocky Ram,” linked to Nikita Mazepin and his oligarch father Dmitry was seized in Sardinia, the Italian financial police confirmed in a statement. The police said the properties are worth 105 million euros (about $114.3 million). Nikita, a former Formula 1 Haas team driver, and his father were included on a list of individuals sanctioned by the EU in early March. The sanction list described Mazepin Sr. as “a member of the closest circle of Vladimir Putin” saying he and 36 other ”businesspeople” met with Putin and other government officials to discuss how sanctions would affect Russia. In early March, Mazepin Sr. sold his controlling stake in Uralchem Group, one of the largest producers of nitrogen and phosphate fertilizers in Russia, and resigned as CEO from Uralchem JSC, a subsidiary, according to a company statement .

April 7, 2022

Assets  linked to    sanctioned russians   valued at $7.83 billion in switzerland.

Switzerland has so far frozen 7.5 billion Swiss francs (about $7.83 billion) of sanctioned Russian assets, according to a State Secretariat for Economic Affairs (SECO) spokesperson. The number of frozen assets increased from March 24, when 5.75 billion Swiss francs (about $6.18 billion) were initially frozen. Frozen assets include 11 properties throughout Switzerland. No identifiable information was revealed and no specific assets were mentioned in the initial statement. After Russia’s invasion of Ukraine, Switzerland broke from traditional neutrality and adopted EU sanctions.

April 5, 2022

Assets  linked to    sanctioned russians   valued at $3 billion in belgium.

Belgian authorities have frozen $3 billion in Russian assets and blocked $215 billion in transactions since the start of economic sanctions, according to Belgian Minister of Finance Vincent Van Peteghem. The frozen assets belong to 877 individuals and 62 entities on the European sanctions list, according to the statement from the Belgian Finance Ministry. The blocked transactions are the result of other restrictions imposed by the European Union on Russia.

April 4, 2022

“tango”  linked to    viktor vekselberg   valued at $90 million in mallorca, spain.

motor yacht tango seized

Spanish authorities seized a superyacht named “Tango,” which they say is owned by Russian oligarch Viktor Vekselberg in Mallorca, according to a statement from the Spanish Civil Guard. The detained yacht was part of an operation with US federal agents and was carried out under a Spanish court order, the statement said. Vekselberg runs the Russian investment company Renova Group. He is worth approximately $16.5 billion, according to the Bloomberg Billionaires Index. He was sanctioned by the United States and is “under investigation for tax fraud, money laundering and document forgery trying to hide the ownership of this superyacht to avoid sanctions” and is “very close to (Russian President) Vladimir Putin,” the Spanish Civil Guard said. Vekselberg’s case marks the first seizure for the newly formed US task force, KleptoCapture. The yacht is 78 meters long (about 256 feet) and is valued at nearly $90 million, per the US Department of Justice.

March 29, 2022

“phi”  linked to    a russian businessman   valued at $50 million in london, england.

motor yacht tango seized

The United Kingdom detained the “Phi” yacht belonging to an unnamed-Russian businessman with ties to Russian President Vladimir Putin and the Russian regime, according to the UK Department for Transport. The Dutch-built vessel is docked in East London’s Canary Wharf for the superyacht awards, and was planning to depart March 29. The Department of Transport claims that the ownership of the boat was “deliberately well hidden.” It sails under the Maltese flag and is registered to a company based in the Caribbean islands of St. Kitts and Nevis. The 192-foot yacht is worth approximately £38 million (about $50 million).

March 23, 2022

Assets  linked to    sanctioned russians   valued at $800 million in france.

French authorities have frozen assets linked to sanctioned Russian oligarchs valued at $800 million, according to French government spokesperson Gabriel Attal. The European Union’s latest round of sanctions in early March against Russia included measures targeting 160 oligarchs and Russian politicians. “There will be no taboo if we need to go further,” Attal said about any additional sanctions.

March 22, 2022

Assets  linked to    sanctioned russians   valued at $431 million in the netherlands.

The Netherlands has frozen nearly 392 million euros (about $431 million) in Russian assets, the Dutch Ministry of Finance told parliament in a letter seen by CNN. The ministry said that further asset freezes were expected. The European Union’s latest round of sanctions in early March against Russia included measures targeting 160 oligarchs and Russian politicians.

March 21, 2022

“axioma”  linked to    dmitry pumpyansky   valued at $75 million in gibraltar.

motor yacht tango seized

Authorities in Gibraltar have detained the “Axioma” yacht linked to Russian billionaire Dmitry Pumpyansky, according to UK and Gibraltar government statements. Pumpyansky was sanctioned by the EU and UK and was the beneficiary of TMK PAO, Russia’s largest oil and gas steel pipe maker. He also resigned from the TMK PAO’s board of directors, the company announced . The 240-foot yacht is worth approximately $75 million, according to SuperYachtFan . Gibraltar’s ports had been closed to sanctioned individuals, but the Captain of the Port made an exception after JPMorgan Chase was granted a court order authorizing the seizure. “JPMorgan is acting pursuant to its mortgage rights,” the Gibraltar government said in a statement to CNN. JPMorgan Chase, the largest bank in the United States, said in a statement in early March it was getting out of Russia following the invasion of Ukraine, citing “compliance with directives by governments around the world.”

March 18, 2022

Real estate  linked to    alexey mordaschov   valued at $116 million in sardinia, italy.

motor yacht tango seized

The Italian financial police seized a real estate complex belonging to Russian billionaire Alexey Mordaschov in Sardinia, according to Italy’s Prime Minister’s office. Mordaschov is the chairman of Russian mining and steel company Severstal and is one of Russia’s richest men, worth $18.5 billion, according to Forbes . The frozen real estate is worth around 105 million euros (about $116 million), per Ferdinando Giugliano, the media advisor to the Italian Prime Minister. On March 4, Mordaschov’s yacht, named “Lady M” was also seized in Italy. The 213-foot yacht is worth approximately 65 million euros (about $71 million).

March 16, 2022

“crescent”  linked to    an unknown owner   valued at $600 million in tarragona, spain.

motor yacht tango seized

Spanish authorities have detained a superyacht, named “Crescent” in the port of Tarragona, according to a statement from Spain’s Ministry for Transport. The 135-meter yacht flies a Cayman Islands flag and has been “provisionally detained” to establish whether it is the possession of a person or entity included in the European Council’s package of sanctions, the statement said. The yacht cost approximately $600 million, according to SuperYachtFan.

Real estate  linked to    Petr Aven   valued at $4.4 million in Sardinia, Italy

The Italian financial police froze a real estate complex belonging partially to Russian oligarch Petr Aven in Sardinia, according to a statement issued by Prime Minister Mario Draghi’s press office. The share of real estate is worth approximately 4 million euros (about $4.4 million), according to the Italian Prime Minister’s office. The billionaire stepped down earlier this month as Director of Russian private bank Alfa Bank and from the board of the investment firm he co-founded, LetterOne, after being sanctioned by the EU and UK . The European Union named Aven as “one of Vladimir Putin’s closest oligarchs,” who “regularly meet” with the Russian President in the Kremlin, and “does not operate independently of the President’s demands.”

Real estate and vehicles  linked to    Alisher Usmanov   valued at $72 million in Italy

Real estate assets and six corporate vehicles belonging to Russian oligarch Alisher Usmanov were seized by the Italian financial police. The seized assets are worth approximately 66 million euros (about $72 million). Usmanov is one of Russia’s wealthiest billionaires with vast domestic and international holdings. The US government sanctioned him in early March in a campaign targeting Putin’s allies, stating he is alleged to have financial ties to Putin. Italy’s financial police had previously seized his real estate in the Golfo del Pevero area in Arzachena on March 4. Those assets are worth approximately 17 million euros (about $18 million).

March 15, 2022

“lady anastasia”  linked to    alexander mikheev   valued at $7 million in palma de mallorca, spain.

motor yacht tango seized

Spanish authorities have detained a yacht linked to Russian oligarch Alexander Mikheev, named “Lady Anastasia,” in the port of Palma de Mallorca, according to the Spanish Ministry of Transport. Mikheev is the CEO of Rosoboronexport, the only state organization in Russia that exports weapons and was sanctioned by the EU and the US. The yacht is nearly 48 meters (157 feet) long and was in the news in late February, when a crew member tried to sink the vessel in retaliation for Russia’s invasion of Ukraine. The yacht is worth approximately $7 million, according to a listing on BOAT International.

“Valerie”  linked to    Sergei Chemezov   valued at $140 million in Barcelona, Spain

motor yacht tango seized

Spanish authorities seized the “Valerie” yacht reportedly linked to Russian oligarch and former KGB agent Sergei Chemezov in the port of Barcelona, according to Reuters . Chemezov is the chairman of the Rostec conglomerate and a member of the Supreme Council of ‘United Russia’, per EU sanctions . When the US sanctioned Chemezov in 2014 — as part of an effort targeting Putin’s inner circle — the government said he had known Putin since the 1980s and the two lived in the same apartment complex in East Germany. The yacht is worth approximately $140 million and will remain “provisionally immobilized” until authorities can determine its ownership. A spokesman for Chemezov denied that he is tied to the yacht.

March 11, 2022

“sailing yacht a”  linked to    andrey melnichenko   valued at $577 million in trieste, italy.

motor yacht tango seized

The Italian financial police seized “Sailing Yacht A” — which could be linked to Russian fertilizer and coal billionaire Andrey Melnichenko — in the port of Trieste, according to Ferdinando Giugliano, the media advisor to the Italian Prime Minister. Melnichenko was sanctioned by the EU on March 9 and has since removed himself from the boards of two companies he founded, Eurochem and SUEK, according to his spokesman Alex Andreev in a statement to CNN. At 469 feet long, the vessel is also the world’s tallest sailing yacht — taller than the Statue of Liberty — and is worth approximately 530 million euros (about $577 million).

March 4, 2022

“villa lazzareschi”  linked to    oleg savchenko   valued at $3.3 million in lucca, italy.

motor yacht tango seized

A 17th century villa allegedly owned by Oleg Savchenko, named “Villa Lazzareschi,” was seized by Italian financial police in the province of Lucca, according to a police statement . Savchenko is a member of the State Duma and was sanctioned by the EU. The seized Italian villa is worth approximately 3 million euros (about $3.3 million).

Real estate  linked to    Vladimir Soloviev   valued at $8.7 million in Como, Italy

motor yacht tango seized

Real estate properties belonging to Vladimir Soloviev were seized by the Italian financial police in the province of Como, according to a police statement . Soloviev is a Russian pro-Kremlin propagandist and TV/radio journalist, according to EU Council sanctions . The frozen Italian real estate is worth approximately 8 million euros (about $8.7 million).

Real estate  linked to    Alisher Usmanov   valued at $18 million in Arzachena, Italy

A real estate compendium belonging to Russian oligarch Alisher Usmanov was seized by the Italian financial police in the Golfo del Pevero area in Arzachena, according to a statement . The frozen Italian real estate is worth approximately 17 million euros (about $18 million).

Usmanov is one of Russia’s wealthiest billionaires with vast domestic and international holdings, according to the US Treasury. The US government sanctioned him in early March in a campaign targeting Putin’s allies, stating he is alleged to have financial ties to Putin. The US said it sanctioned his private jet and his 512-foot superyacht named “Dilbar.”

“Lena”  linked to    Gennady Timchenko   valued at $55 million in San Remo, Italy

motor yacht tango seized

The Italian financial police seized Russian billionaire Gennady Timchenko’s yacht, named “Lena,” in the port of San Remo, according to a police statement . Timchenko is the owner of private investment group, Volga Group. He was sanctioned by the EU in February. When the US government sanctioned Timchenko in 2014, an effort targeting Putin’s inner circle, they stated his “activities in the energy sector have been directly linked to Putin.” The 126-foot yacht is worth approximately 50 million euros (about $55 million).

“Lady M”  linked to    Alexey Mordaschov   valued at $71 million in Imperia, Italy

motor yacht tango seized

The Italian financial police seized Russian billionaire Alexey Mordaschov’s yacht, named “Lady M,” in the northern port of Imperia, according to a police statement . Mordaschov is the chairman of Russian mining and steel company Severstal and is one of Russia’s richest men, worth $18.5 billion, according to Forbes . The 213-foot yacht is worth approximately 65 million euros (about $71 million).

March 3, 2022

“amore vero”  linked to    igor sechin   valued at $120 million in la ciotat, france.

motor yacht tango seized

French authorities seized a yacht linked to Igor Sechin in the Mediterranean port of La Ciotat, according to the French Finance Ministry . Sechin is the CEO of Rosneft, the Russian state oil company and one of the world’s largest crude oil producers. The yacht, named “Amore Vero” — or “True Love” in Italian — was scheduled to leave the port on April 1 after arriving in January. Sechin was deputy prime minister of Russia from 2008 until 2012. The European Union said his connections to Putin are “long and deep,” with the two men maintaining daily contact. The yacht is worth about $120 million, according to SuperYachtFan. A Sechin spokesman denied that he is tied to the yacht.

Tips: Do you have information to share about seized or frozen Russian assets? Learn how to reach our journalists and help us investigate.

Senior Visuals Editor @CNNBusiness @CNN

Luxurylaunches -

Its been more than a year since the FBI raided and seized Russian billionaire’s $90 million superyacht in Spain, but the United States is still paying the sky-high maintenance bills for its upkeep – Docked at an exclusive marina the parking charges for the vessel alone are $200,000.

motor yacht tango seized

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Facing the wrath of the Saudi Royal family, a top UK lawyer has had his $45 million in assets frozen including a 131-foot-long superyacht after a princess sued him for hiding her money

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This $1 billion megayacht is so big that it dwarfs Jeff Bezos’ Koru and comes with its detachable airship. Not only can the aircraft take the passengers on scenic tours it can even assist the vessel in sailing with its eight electric engines

motor yacht tango seized

Not a glass slipper but the aptly named 164-foot long Cinderella Noel IV superyacht has a glass bottomed swimming pool.

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A detailed breakdown of how the United States Marshals are spending $600,000 a month to maintain the seized $325 million Amadea superyacht. The vessel burns $2,500 of diesel every day to run its air-conditioning so seawater and mold don’t ruin the plush interiors and gold fittings.

motor yacht tango seized

Even if the US were to miraculously sell the seized $300 million Amadea superyacht, thanks to this Russian businessman, the authorities might still be unable to recoup the $20 million taxpayers have poured into maintaining the luxury vessel

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This humungous 295-foot-long Explorer Concept yacht has a full-beam observation lounge, a winter garden, a cinema, and an expedition briefing pod.

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$300 Million Yacht of Sanctioned Russian Oligarch Suleiman Kerimov Seized by Fiji at Request of United States

Fijian law enforcement executed a seizure warrant freezing the Motor Yacht Amadea (the Amadea), a 348-foot luxury vessel owned by sanctioned Russian oligarch Suleiman Kerimov. Fijian law enforcement, with the support and assistance of the FBI, acted pursuant to a mutual legal assistance request from the U.S. Department of Justice following issuance of a seizure warrant from the U.S. District Court for the District of Columbia, which found that the Amadea is subject to forfeiture based on probable cause of violations of U.S. law, including the International Emergency Economic Powers Act (IEEPA), money laundering and conspiracy.

The U.S. Treasury Department’s Office of Foreign Assets Control designated Kerimov as part of a group of Russian oligarchs who profit from the Russian government through corruption and its malign activity around the globe, including the occupation of Crimea. In sanctioning Kerimov, the Treasury Department also cited Kerimov as an official of the Government of the Russian Federation and a member of the Russian Federation Counsel.

Large yacht 300-foot yacht with name "the Amadea" displayed at the top

According to court documents, Kerimov owned the Amadea after his designation. Additionally, Kerimov and those acting on his behalf and for his benefit caused U.S. dollar transactions to be routed through U.S. financial institutions for the support and maintenance of the Amadea.

“This ruling should make clear that there is no hiding place for the assets of individuals who violate U.S. laws. And there is no hiding place for the assets of criminals who enable the Russian regime,” said Attorney General Merrick B. Garland. “The Justice Department will be relentless in our efforts to hold accountable those who facilitate the death and destruction we are witnessing in Ukraine.”

“Last month, I warned that the department had its eyes on every yacht purchased with dirty money,” said Deputy Attorney General Lisa O. Monaco. “This yacht seizure should tell every corrupt Russian oligarch that they cannot hide – not even in the remotest part of the world. We will use every means of enforcing the sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine.”

“This seizure demonstrates the FBI's persistence in pursuing sanctioned Russian oligarchs attempting to evade accountability for their role in jeopardizing our national security,” said FBI Director Christopher Wray. “The FBI, along with our international partners, will continue to seek out those individuals who contribute to the advancement of Russia’s malign activities and ensure they are brought to justice, regardless of where, or how, they attempt to hide.”

“This seizure of Suleiman Kerimov’s vessel, the Amadea, nearly 8,000 miles from Washington, D.C., symbolizes the reach of the Department of Justice as we continue to work with our global partners to disrupt the sense of impunity of those who have supported corruption and the suffering of so many,” said Director Andrew Adams of Task Force KleptoCapture. “This Task Force will continue to bring to bear every resource available in this unprecedented, multinational series of enforcement actions against the Russian regime and its enablers.”

“The U.S. Marshals Service will continue to contribute our expertise in support of Task Force efforts to take possession of seized assets of Russian oligarchs during these forfeiture operations,” said Director Ronald L. Davis of the U.S. Marshals Service. 

law enforcement boarding a yacht

The seizure was coordinated through the Justice Department’s Task Force KleptoCapture, an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, export controls, and economic countermeasures that the United States, along with its foreign allies and partners, has imposed in response to Russia’s unprovoked military invasion of Ukraine. Announced by the Attorney General on March 2 and run out of the Office of the Deputy Attorney General, the task force will continue to leverage all of the department’s tools and authorities to combat efforts to evade or undermine the collective actions taken by the U.S. government in response to Russian military aggression.

Upon receipt of a mutual legal assistance request from the United States, Fijian authorities executed the request, obtaining a domestic seizure warrant from a Fijian court.

The Amadea, International Maritime Organization number 1012531, is believed to be worth approximately $300 million or more. The yacht is now in Lautoka, Fiji.

This matter is being investigated by the FBI’s New York Field Office with assistance from the FBI Legal Attaché Office in Canberra, Australia, the Department of State’s Diplomatic Security Service, and the U.S. Embassy in Suva, Fiji.

Trial Attorney Andrew D. Beaty of the National Security Division’s Counterintelligence and Export Control Section and Trial Attorney Joshua L. Sohn of the Criminal Division’s Money Laundering and Asset Recovery Section are handling the seizure. The Justice Department’s Office of International Affairs, the U.S. Attorney’s Office for the District of Columbia, Customs and Border Protection, and the U.S. Marshals Service provided significant assistance. The United States thanks the Fijian authorities for their cooperation in this matter.

The front end of a large yacht anchored in the water

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What Happens After a Superyacht Is Seized? It’s Uncharted Territory.

It's one thing to confiscate a yacht, another to sell it. analysts expect legal battles and hefty maintenance costs while the vessels are impounded., jaclyn trop, jaclyn trop's most recent stories.

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Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Six weeks after Russia invaded Ukraine, authorities are detaining more luxury yachts in global ports than ever. This week’s tally includes 12 vessels under construction in The Netherlands —the world’s foremost superyacht builder—and a $120 million yacht seized in Spanish waters on an FBI warrant.

The US Department of Justice worked with Spanish authorities to capture the 255-foot Tango , owned by Motiv Telecom founder Viktor Vekselberg. The US has joined a growing number of countries detaining superyachts suspected of belonging to businessmen connected to Vladimir Putin.

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“ Tango is not the first time the United States has ever asked a foreign government to assist in executing a warrant,” said Stefan Cassella, a lawyer who served as Chief of the Asset Forfeiture and Money Laundering Section in the US Attorney’s Office in Maryland. “But it does seem to be the first time it’s happened in the context of property belonging to a Russian oligarch who was evading sanctions.”

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Yacht seizures have been targeting Russian President Vladimir Putin’s cronies, and Putin himself. It’s rumored that he owns the $700-million Scheherazade, which is being held by Italian authorities.  Courtesy AP/Sputnik

US Attorney General Merrick B. Garland said on Monday that Tango “will not be the last” yacht belonging to members of Putin’s inner circle to be confiscated.

Spain, Italy, France, Germany, Finland and The Netherlands have detained over the last month billions of dollars in vessels believed to be owned by sanctioned Russians. Last week, the UK government seized its first superyacht, the 192-foot, $45 million Phi   in London’s Canary Wharf.

“The current situation is unprecedented,” Benjamin Maltby, partner at Keystone Law in the UK and an expert in yacht and luxury-asset law, told Robb Report.

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

The 433-foot Crescent was seized on March 17 by Spanish authorities.  Courtesy Sipa USA via AP

Most large yachts are registered by offshore corporations in island tax havens to obscure their ownership. “If the owner wants to make it difficult, then it can be very hard to trace,” Maltby said . Owners often use shareholders, directors and family members as proxies. The Phi , for example, is registered to a company based in the Caribbean but flies the Maltese flag.

The multinational effort to seize oligarch-owned yachts—which often come with swimming pools, helipads, and millions of dollars in annual maintenance fees—is expected to put economic pressure on Putin and his allies. Owning a superyacht, the ultimate status symbol, is practically a prerequisite for joining Russia’s oligarchy.

But there are multiple legal considerations. Freezing a yacht means that the owner can’t sell the ship or transfer ownership, or provide maintenance services. However, the sanctions don’t allow countries to take ownership of oligarch-owned yachts, giving rise to uncertainties over the fates of the superyachts accumulating in shipyards throughout Europe.

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

The seizure of Tango on Monday involved Spanish authorities working with FBI agents. The US seized the yacht after connecting it to Putin crony Viktor Vekselberg.  Courtesy AP/Francisco Ubilla

Maintaining a yacht is an expensive endeavor because it is continually exposed to the elements. “A vessel is treated very much like a person or corporation,” Michael Karcher, a maritime lawyer with Robert Allen Law in Miami, told Robb Report. “The boat can run up its own bills. Then, if the yacht is in someone’s boatyard, there’s the question of ‘Can we do any business with them?’”

The ripple effect extends to caterers, yacht brokers, mortgage and insurance companies, and dozens of other industries connected to the yacht’s operation and maintenance.

“When a yacht is seized while in a yard, the owner will remain liable for the maintenance costs,” Maltby said. “But if the owner is unable to pay, the yard is left in a difficult position.”

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Equanimity was seized by Malaysia and sold off in 2019 for half of its value. But the yachting world has never seen anything like the mass seizures taking place with the Russian oligarchs.  Courtesy AP

The situation remains unclear for the shipyards and marinas docking the yachts.

Karcher said that he receives calls from shipyards each time the Treasury Department sends a new round of sanctioned names, asking whether they’ve dealt with anyone on the list. “Some are saying, ‘Hey, who is this guy.’ Then they realize there’s this boat taking up a few hundred feet of dock space. ‘Who’s going to pay for it?’”

The answer may vary by jurisdiction.

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Roman Abramovich, who was in Turkey earlier this week to observe the peace talks between Russia and Ukraine. His $600 million Solaris set sail from Istanbul for international waters this week, while his other yacht Eclipse remains in that country. Turkey, the United Arab Emirates and the Maldives are not seizing the Russian oligarchs’ yachts, so many targeted vessels have moved into those waters.  Courtesy AP

The British government has said that Phi ’s owner will be held responsible for all maintenance costs while the boat is ordered to remain at Canary Wharf in London’s docklands. One legal expert said Spanish authorities are likely to maintain Tango while in their custody.

But at most marinas, “yard invoices are indeed just stacking up—unpaid and un-payable,” Maltby said. “Yet the judicial mechanisms for liquidation remain in place. Will we see some bargains coming onto the market in the summer months?”

Many analysts expect protracted lawsuits. “The United States and Western countries have considerable authority to seize property, but less authority to keep it,” wrote Jonathan Turley in USA Today . “The reason is that, unlike Russia, these countries are bound by property rights and rules of due process.”

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Lady M was seized by Italian tax authorities on March 5. Owner Alexei Mordashov is on the sanctions list.  Courtesy AP

To take ownership of an oligarch’s yacht, governments have to show that the property was part of a crime. Turley wrote that it may be challenging for prosecutors to prove that the yachts are the result of “proceeds of illegal activity” rather than purchased via legitimate business channels. The seizures could take years in the courts to sort out.

For the moment, the yacht confiscations and freezing of assets seem to be accelerating. The list of detained superyachts include the $580 million Sailing Yacht A owned by coal and fertilizer magnet Andrey Melnichenko; the $153 million Valerie belonging to Sergei Chemezov, CEO of Russian state-owned defense conglomerate Rostec; and t he $120 million Amore Vero linked to Russian oligarch Igor Sechin.

Others are under the watchful eye of the US, UK, and EU, as well as amateurs watching VesselFinder ,  MarineTraffic , and other location-monitoring apps.

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Town residents in La Ciotat, France, look at the impounded Amore Vera , owned by Rosneft CEO Igor Sechin.  Courtesy AP

On Monday, Russian billionaire Roman Abramovich moved his $600 million Solaris from a Turkish port and into international waters. His $1.5 billion Eclipse , one of the world’s longest and most expensive superyachts, remains docked off the coast of Turkey. Abramovich is believed to own several other yachts as well.

Meanwhile, police in Italy are investigating the Scheherazade , a 460-foot superyacht thought to belong to Vladimir Putin that remains docked at a Tuscan resort.

No yachts have been seized in US waters, but the Biden administration has taken aggressive measures to punish Russians who have benefitted from “ill-begotten gains,” as President Joe Biden said in his State of the Union address last month.

Russian Oligarch Yachts Are Being Seized But It's Not Clear About their Legal Ramifications

Seizing a yacht is easy, selling it is much more complicated. Analysts expect many legal battles over the yachts.  Courtesy AP

Authorities say many yachts remain in international waters or docked in countries that have not imposed sanctions , such as the United Arab Emirates, Turkey and the Maldives.

That island nation is said to have a half-dozen Russian-owned superyachts in its waters, including Andrey Melnichenko’s 390-foot Motor Yacht A . The country’s chief prosecutor, Hussain Shameem, told Reuters that the idea of confiscating a Russian superyacht was “far-fetched” because of the country’s rudimentary legal system and lack of a military.

Congress is considering a bi-partisan bill called “Yachts for Ukraine” that would allow authorities to seize Russian-owned assets of $5 million or more. The bill permits the government to sell the assets and send the cash to aid humanitarian and reconstruction efforts in Ukraine. The Department of Justice also announced a $5 million reward for tips leading to yacht owners on the sanctions list, but so far has not disbursed any reward money.

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IMAGES

  1. Mega yacht Tango seized in Palma de Majorca, Spain by the FBI and

    motor yacht tango seized

  2. Russian Oligarch Viktor Vekselberg's $120 Million Yacht Tango Seized in

    motor yacht tango seized

  3. Russian Oligarch Viktor Vekselberg's $120 Million Yacht Tango Seized in

    motor yacht tango seized

  4. Russian Oligarch Viktor Vekselberg's $120 Million Yacht Tango Seized in

    motor yacht tango seized

  5. Spanish Police And FBI Seize Viktor Vekselberg’s Superyacht Tango In

    motor yacht tango seized

  6. While the FBI enthusiastically seized Russian oligarch's $90 million

    motor yacht tango seized

VIDEO

  1. The incredible "TANGO" Feadship 78M Superyacht

  2. TANGO Yacht. 77.7 m by Feadship

  3. Tango by the Sea, June 2009, Royal Victoria Yacht Club

  4. Maxi yachts crash into big waves when leaving port

  5. 2023 Rolex New York Yacht Club Invitational Cup

COMMENTS

  1. Office of Public Affairs

    Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg. Spanish authorities acted pursuant to a request from the U.S. Department of Justice for assistance following the issuance of a seizure warrant, filed in the U.S. District Court for the District of Columbia ...

  2. U.S. seizes mega yacht owned by oligarch with close ties to Putin

    The immobilized yacht is Tango, a 78-meter vessel that is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Vladimir Putin ... Italy has also seized several yachts and ...

  3. Russian oligarch's luxury yacht seized in Spain at US' request

    A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. ... A 255-foot luxury yacht owned by a Russian billionaire was seized by Spanish law enforcement ...

  4. Superyacht owned by oligarch with close ties to Putin seized by U.S

    The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the government's sanctions enforcement initiative to 'seize ...

  5. Spanish Police And FBI Seize Viktor Vekselberg's Superyacht Tango In

    The 255-foot, $90 million Tango yacht was blocked by the U.S. Treasury Department on March 11. Vekselberg, a Ukrainian-born aluminum baron who made his first fortune selling scrap copper from worn ...

  6. US Seizes Super Yacht Owned by Russian Oligarch

    The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin's invasion of Ukraine and targeting pricey assets of Russian elites.. Spain's Civil Guard and U.S. federal agents descended on the Tango at the Marina Real in the port of Palma de ...

  7. A Russian oligarch's $90 million yacht is seized as part of U.S ...

    A Russian oligarch's $90 million yacht is seized as part of U.S. sanctions. A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, on Monday. U.S. federal agents and Spain's ...

  8. Putin ally's superyacht seized in Spain on U.S. warrant

    The seized vessel is Tango, a 254-foot luxury yacht that was docked in Spain and is estimated by the U.S. government to cost $90 million. The Department of Justice said Monday that the yacht is ...

  9. Russian Oligarch's $90M Seized Yacht May Be Auctioned Off: Report

    A Russian oligarch's $90 million seized superyacht could be auctioned off by the US if running costs climb, a report says. The yacht, called "Tango", owned by Russian billionaire Viktor Vekselberg ...

  10. US seizes yacht owned by oligarch with close ties to Putin

    A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain's Civil Guard are searching the yacht owned by a Russian oligarch. ... Italy has seized several yachts and other assets. Italian financial police moved quickly seizing the superyacht Lena belonging to Gennady ...

  11. Here are the superyachts seized from Russian oligarchs

    Tango yacht in Marmaris, Turkey on April 19, 2014. Levent Kisi / Getty Images In April, Spanish law-enforcement officials seized a 255-foot yacht called the Tango, which Justice Department says is ...

  12. €90m superyacht linked to Russian oligarch Viktor Vekselberg seized by

    Spain's Civil Guard and the FBI descended on the €90m Euro (£75,372,000) yacht called 'Tango' in the port of Palma de Mallorca, ... Italy has also seized several yachts and other assets.

  13. $90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg

    WASHINGTON - Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg. Spanish authorities acted pursuant to a request from the U.S. Department of Justice for assistance following the issuance of a seizure warrant, filed in the U.S. District Court for the ...

  14. Pair charged with hiding Russian oligarch's ties to yacht

    Support trulyindependent journalism. Two businessman have been charged with trying to conceal a sanctioned Russian oligarch's ownership of a luxury yacht seized in Spain last year by the U.S ...

  15. $90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg

    Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg. Spanish authorities acted pursuant to a request from the U.S. Department of Justice for assistance following the issuance of a seizure warrant, filed in ...

  16. How the US Government Seizes Russian Oligarchs' Yachts

    The yacht itself is a defendant in the case, titled "In the matter of the seizure of the motor yacht Tango, with International Maritime Organization Number 1010703." ... Owners of seized assets ...

  17. List of Russian Oligarchs' yachts, homes and assets being seized

    Giuliano Berti/Bloomberg/Getty Images. The Italian financial police seized Russian billionaire Gennady Timchenko's yacht, named "Lena," in the port of San Remo, according to a police ...

  18. Its been more than a year since the FBI raided and seized Russian

    Time flies, but the same cannot be said about Russian billionaire Viktor Vekselberg's seized superyacht Tango. More than a year ago, the 255-feet long luxury vessel was captured by the Spanish police and FBI in Palma de Mallorca, the capital of Spain's Balearic Islands. Akin to the ship Alfa Nero which was also impounded by the FBI and moored for over a year, the Feadship beauty replicates ...

  19. TANGO Yacht • Viktor Vekselberg $120 Million Superyacht

    Motor Yacht Tango. The yacht Tango is a magnificent superyacht built by the prestigious Feadship Van Lent shipyard and delivered to its owner in 2011. With an elegant and modern design by Eidsgaard Design, Tango boasts unique styling, featuring a white hull and metallic gray superstructure. Powered by four MTU (16V4000 M70) 1,730 hp diesel ...

  20. Inside The 150 Frozen Homes, Yachts And Jets Of Sanctioned ...

    Viktor Vekselberg's Tango yacht, which was seized by the U.S. Getty Images Western countries have frozen or seized at least $9 billion worth of luxury real estate, superyachts and private jets ...

  21. Office of Public Affairs

    Fijian law enforcement executed a seizure warrant freezing the Motor Yacht Amadea (the Amadea), a 348-foot luxury vessel owned by sanctioned Russian oligarch Suleiman Kerimov. ... U.S. Marshals Service will continue to contribute our expertise in support of Task Force efforts to take possession of seized assets of Russian oligarchs during these ...

  22. What Happens After a Superyacht Is Seized? It's Uncharted Territory

    Last week, the UK government seized its first superyacht, the 192-foot, $45 million Phi in London's Canary Wharf. "The current situation is unprecedented," Benjamin Maltby, partner at ...