The U.S. just seized a $120 million yacht owned by oligarch with close ties to Putin

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.

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After Russian oligarch’s $120 million yacht is seized, Putin allies search for safe waters

As world leaders step up the enforcement of sanctions on Russian oligarchs to put pressure on those close to the Kremlin in response to Russia’s invasion of Ukraine, government officials are hitting the oligarchs where it hurts: Some ultrawealthy Russians are having to deal with efforts to seize their luxury yachts valued in the hundreds of millions of dollars.

Russian oligarch Igor Sechin, the CEO of oil giant Rosneft, docked the Amore Vero — “true love” in Italian — in the French Mediterranean port of La Ciotat in early January, and he had planned to leave on April 1. The 281-foot-long superyacht, which can accommodate 14 guests and 28 crew members, has an estimated value of $120 million, according to Superyacht Fan , a website tracking luxury yachts.

But with invasion forces wreaking widespread destruction in Ukraine, the French Finance Ministry announced Thursday that it seized the Sechin-owned yacht on Wednesday night. Sechin, who was deputy prime minister of Russia between 2008 and 2012, is among the oligarchs who have maintained close ties to Russian President Vladimir Putin, according to the European Union . Once described by a Moscow journalist as the nation’s “Darth Vader,” Sechin is “considered to be one of the most powerful members of the Russian political elite,” the E.U. said this week.

“Thank you to the French customs officers who are enforcing the European Union’s sanctions against those close to the Russian government,” French Finance Minister Bruno Le Maire wrote on Twitter .

Sechin’s Amore Vero is among the luxury yachts targeted in the wake of the invasion. The fate of the Dilbar, a 512-foot superyacht owned by Russian oligarch Alisher Usmanov, remains uncertain after German authorities denied a Forbes report that the vessel, worth hundreds of millions of dollars, had been seized. Usmanov was among the Russian elite placed under E.U. sanctions this week.

Another superyacht, the Solaris, a 461-foot $600 million owned by oligarch Roman Abramovich , is one of several Russian yachts docked in Barcelona as Spain continues to probe potential sanctions.

Amid the sanctions and seizure threats from President Biden and other leaders, a handful of luxury yachts owned by Russian billionaires have reportedly reached the Maldives, an island nation in the Indian Ocean that does not have an extradition treaty with the United States. Some of the oligarch-owned ships that have been moving toward the Maldives and Montenegro in recent days are estimated to be worth between $65 million and $150 million each.

The movement of the luxury yachts comes as the White House and Treasury Department are expanding the number of Russian oligarchs subject to U.S. sanctions , aiming to punish the financial elite close to Putin. Biden said in his State of the Union address Tuesday night that the United States would join Europe in efforts to punish Russian oligarchs and “seize their yachts, their luxury apartments, their private jets.”

U.S. prepares to expand financial attack on Russian oligarchs, aiming to freeze billions held by Putin allies

The Justice Department on Wednesday announced the creation of “Task Force KleptoCapture” to coordinate prosecutors and other federal investigators in the effort to enforce sanctions against “corrupt Russian oligarchs.” In a round of new sanctions against Russian oligarchs announced Thursday, the National Security Council said that all property of Usmanov, the Dilbar yacht owner, whom Forbes has estimated to be worth more than $15 billion, is “blocked from use in the United States and by U.S. persons.”

“We’re coming for your ill-begotten gains,” Biden warned the oligarchs this week.

Questions have been raised surrounding whether it is legal for the U.S. government to seize yachts from Russian oligarchs because of their ties to Putin. As The Washington Post’s Philip Bump wrote , Article I, Section 8 of the U.S. Constitution gives the federal government authorization to issue documents empowering private individuals to legally seize foreign vessels. While the practice known as privateering is archaic, the idea has come up in recent decades. Perhaps the most notable example came after the 9/11 terrorist attacks when then-Rep. Ron Paul (R-Tex.) proposed legislation that would allow privateers to “seize the person and property of Osama bin Laden and any other individual responsible.”

Could Congress let you seize this Russian oligarch’s yacht?

Data from the global intelligence group MarineTraffic shows that several yachts owned by Russian oligarchs have been moving toward the Maldives and Montenegro in recent days. According to shipping tracking data, two pleasure vessels owned by aluminum magnate Oleg Deripaska and iron and steel mogul Alexander Abramov entered the waters near Malé, the capital of the Maldives, on Wednesday.

The Clio — 238 feet long with nine cabins for guests — has an estimated value of $65 million , according to Superyacht Fan, and is owned by Deripaska, a longtime ally of Putin who has been under U.S. sanctions since 2018. Abramov’s Titan is 263 feet long and has seven cabins for guests, with an estimated value of $100 million .

Three more yachts owned by Russian magnates were also seen sailing in the island nation’s waters, Reuters reported, including one belonging to Vladimir Potanin, a Russian nickel tycoon whose net worth is more than $25 billion . Potanin’s Barbara, named after his youngest daughter, is a 290-foot superyacht with an estimated value of $150 million . Also sailing to the Maldives was a superyacht owned by oil executive Vagit Alekperov, data shows. At 230 feet long with six cabins for guests and a glass-bottom swimming pool, Alekperov’s Galactica Super Nova has an estimated price tag of $80 million .

It’s no easy task to move these superyachts docked in European ports to the Maldives. For instance, if Sechin’s Amore Vero were able to get out of the French port and head toward the Maldives, that’s a distance of nearly 5,000 miles. It would be a slightly longer trek for Abramovich’s Solaris, if it were to leave from Barcelona.

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Some Russian oligarchs have made public pleas to Putin to stop the invasion. Days after the invasion began, Deripaska called for negotiations between Moscow and Kyiv. Billionaire Evgeny Lebedev appealed to Putin in the Evening Standard , a British newspaper he owns, asking that Russian troops stop “killing their Ukrainian brothers and sisters.”

Even as more oligarchs have their superyachts seized because of the invasion, the Russian president’s own yacht is reportedly doing all right. According to CBS News , a satellite image shows a yacht believed to be owned by Putin docked at a Russian port — and out of reach of any possible sanctions or seizure. John Smith, former director of the Treasury Department’s Office of Foreign Assets Control, told the outlet that Putin was “crafty” in knowing where to put his yacht.

“He knows how to hide when he needs to,” Smith said.

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120 million yacht

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

PALMA DE MALLORCA, Spain — 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.

The seizure was confirmed by two people familiar with the matter. The people could not discuss the matter publicly and spoke to AP on condition of anonymity. A Spanish Civil Guard spokesman confirmed that officers from the Spanish police body and from the FBI were at the marina searching the vessel Monday morning and said further details would be released later.

A Civil Guard source told The Associated Press that the immobilized yacht is Tango, a 78-meter (254-feet) vessel that carries Cook Islands flag and that  Superyachtfan.com , a specialized website that tracks the world’s largest and most exclusive recreational boats, values at $120 million. The source was also not authorized to be named in media reports and spoke to AP on condition of anonymity.

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.

The move is the first time the U.S. government has seized an oligarch’s yacht since Attorney General Merrick Garland and 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.

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 attorney 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 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.

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.

The White House has said that many allied countries, including German, 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 oligarch 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.

Wednesday’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 owned by the CEO of a state-owned defense 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.

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-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.

Para reported from Madrid and Balsamo reported from Washington.

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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. 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 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.

120 million yacht

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U.S. Seizure of Russian Oligarch's Superyacht is Biggest One Yet

The U.S. Department of Justice (DOJ) said on Thursday that it seized the Motor Yacht Amadea, a 348-foot luxury vessel owned by Russian oligarch Suleiman Kerimov, in the largest seizure since Russia invaded Ukraine in late February.

In a statement , the DOJ said law enforcement officials in Fiji "executed a seizure warrant freezing" the $300 million yacht after a U.S. court issued a warrant "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 DOJ said that Kerimov is among the oligarchs who "profit from the Russian government through corruption and its malign activity around the globe."

"Last month, I warned that the department had its eyes on every yacht purchased with dirty money," Deputy U.S. Attorney General Lisa O. Monaco said in a statement. "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."

Russian Oligarch’s Superyacht Seized by U.S.

In April, U.S. agents and the Spanish Civil Guard seized a mega-yacht valued at about $120 million owned by Russian oligarch Viktor Vekselberg.

Governments have seized even more expensive yachts amid the war in Ukraine. In March, Italian authorities seized a vessel worth $578 million from a Russian billionaire who was sanctioned by the the European Union .

Also in March, the German government seized a luxury yacht linked to Russian billionaire Alisher Usmanov valued at more than $700 million .

U.S. President Joe Biden has called on Congress to pass a $33 billion aid package for Ukraine, and also urged lawmakers to pass provisions allowing the U.S. to seize oligarchs' assets and use proceeds to help the Ukrainians in their fight against the Russians.

  • 'We Don't Know How to Survive'—Russian Oligarch Sanctioned Over Ukraine War
  • U.K. Seizes Russian Superyacht as 'Warning to Putin and His Cronies'
  • Russian Oligarch Viktor Vekselberg's Mega-Yacht Seized in Spain by U.S.

"We're going to seize their yachts, their luxury homes and other ill-begotten gains," Biden said last week.

Newsweek reached out to the DOJ and the Russian Foreign Ministry for comment.

In a statement on Thursday about the seizure of the Motor Yacht Amadea, U.S. Attorney General Merrick Garland said: "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."

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About the writer

Xander Landen is a Newsweek weekend reporter. His focus is often U.S. politics, but he frequently covers other issues including the latest developments in Russia-Ukraine war and health. Before starting at Newsweek in 2021, Xander was a reporter at VTDigger, Vermont's largest news outlet, where he wrote about the legislature and state government and worked on investigative projects. His work has also been published by PBS Newshour, Politifact and NPR affiliates including WNYC in New York. You can get in touch with Xander by emailing [email protected]

To read how Newsweek uses AI as a newsroom tool, Click here.

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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.

120 million yacht

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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.

120 million yacht

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.

120 million yacht

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.

  • Q&A How an ex-CIA agent is tracking the luxurious superyachts of Russian oligarchs
  • Targeting super yachts owned by Russian oligarchs could hit a nerve in Moscow

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.

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.

120 million yacht

Real estate

Other assets

April 14, 2022

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

120 million yacht

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.

120 million yacht

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.

120 million yacht

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.

120 million yacht

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.

120 million yacht

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.

120 million yacht

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.

120 million yacht

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.

120 million yacht

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

120 million yacht

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.

120 million yacht

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.

120 million yacht

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

120 million yacht

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

120 million yacht

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

120 million yacht

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.

120 million yacht

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.

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A $120 million megayacht linked to a Russian billionaire was seized by authorities, and now residents of a small Caribbean nation are paying $28,000-a-week to maintain it, report says

  • Oops! Something went wrong. Please try again later. More content below

A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months.

The Caribbean nation tried to auction it off, before a legal action was filed against it.

Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ.

A 270-foot megayacht seized by the Antigua and Barbuda government has landed taxpayers in the small Caribbean nation with a $28,000 weekly bill to maintain it, The Wall Street Journal reported.

The Alfa Nero is a $120 million vessel that was raided by armed police and the FBI in August 2022, having been left in Antigua's Falmouth Harbor since Russia invaded Ukraine six months earlier.

The US Treasury Department has linked the Alfa Nero to Andrey Guryev , a Russian oligarch who the department says is a "close associate" of Vladimir Putin. He founded a fertilizer company and has a net worth of $9 billion, according to the Bloomberg Billionaires Index .

Back in March, an Antigua and Barbuda government minister said the Alfa Nero was set to be auctioned because it risked becoming a "hazard" as it wasn't being maintained properly, The Guardian reported.

Eric Schmidt, the former Google CEO, won the yacht auction in June for $67.6 million. But the Journal reports that he got cold feet after a company linked to Guryev's daughter filed a last-minute legal action to block the sale.

So the megayacht, which is outfitted with an infinity pool that can transform into a dancefloor, has remained in Falmouth Harbor for the last 19 months. And it's become a white elephant for the Caribbean nation with a population of 93,000.

The Journal reports that the country's residents are paying $28,000-a-week in taxes to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running. That's because if the AC is turned off, it could let mold spread throughout the vessel and ruin the hardwood interior or a Joan Miró painting onboard, per the WSJ.

Tom Paterson, the dock master of the marina, told the Journal: "You take thousand dollar bills, tear them up, and just keep going."

The Antigua and Barbuda government could not immediately be reached for comment.

Read the original article on Business Insider

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  • Superyachts

TANGO Yacht – Immaculate $120 Million Superyacht

Fully custom with 1,730 HP diesel engines, it exudes power and luxury. It was built in the Netherlands by Feadship and was delivered to the owner in March 2011. 

She currently sails under the Cook Islands flag and docks at the Astilleros de Mallorca refit yard in Spain.   

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TANGO yacht interior

The interior was designed by Harrison Eidsgaard, a London-based studio that’s passionate about creating unique designs tailored to the owner’s lifestyle. They also worked on notable yacht and aircraft projects. 

Accommodation for the guests is offered on the main deck. There’s a hall that leads to a private study and the owner’s stateroom with his/hers bath and dressing room. This custom-built superyacht also boasts a massage/beauty salon and custom furniture pieces. 

While the exact looks of the interior remain private, we know that its design elements are unparalleled.

Harrison Eidsgaard is known for their passion for detail while drawing inspiration from their varying backgrounds.   

Harrison Eidsgaard designed the exterior of the TANGO yacht. The steel hull, a teak deck, and an aluminum framework form a muscular yet elegant profile.

The top deck has grey/silver elements, creating a gentle contrast with the silver base. TANGO also features the signature Feadship signature lines, a symbol of style and performance.   

The contra-flow pool and a sundeck with an outdoor cinema are on the aft. There is comfortable seating, an impressive bar, a sky lounge, and al-fresco dining.    

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Specifications

the TANGO yacht has a stunning length of 77.7m (254’11”) with a 12.2m (40’0″) beam. Her draft measures 3.65m (11’12”) and weighs 2083 tons.

With four diesel-type MTU engines, she can cruise up to a top speed of 21.0 knots.

She also carries 202 000 liters of fuel and 41,000 liters of water. As the 20th largest yacht built by Feadship, she can accommodate up to 14 guests and 22 crew members.   

Price 

As of today, the Feadship motor yacht Tango is not for sale. However, it has an estimated price of $120 million.    

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Billionaire's second superyacht worth £120 million spotted off Cornwall within two days

It's said to be another yacht owned by billionaire games developer Gabe Newell

  • by Mary Stenson
  • 19:08, 17 Sep 2023 Updated 19:27, 17 Sep 2023

A second superyacht belonging to American billionaire games developer Gabe Newell has been seen in Cornwall. The 90-metre vessel, complete with a spa and a swimming pool, is said to be worth around $150 million (£120 million).

On Thursday (September 14), Newell's arrived in Falmouth . However, it appears that wasn't the first of the entrepreneur's prized possessions to be seen around the Cornish coast last week.

Another yacht, known as Tranquility, was spotted sailing past Rame Head towards Looe the previous day. The luxury vessel was created by Dutch shipbuilder and delivered to its original owner in 2014. At 91.5 metres it held the title of the 60th largest yacht in the world in 2018.

Read more: Boat wreck at beach sparks alarm in Cornwall

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Tranquility's interior is said to be designed with an oriental-inspired theme and can house a whopping 26 guests and 28 crewmembers, with its nine staterooms. Among its indulgent features are a fully-equipped spa, a beach club, a beauty salon, a gym, a sauna, a Turkish bath and a large pool.

The yacht, initially called Equanimity, was first owned by Malaysian billionaire Jho Low. In 2018, it was seized by the Indonesian government during a multi-billion dollar corruption investigation linked to the Malaysian state fund 1MDB.

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For several months it was moored in Bali's main harbour, before leaving for Batam, Idonesia and then being handed over to Malaysia. Jho Low condemned this transfer as politically motivated.

In 2019, Equanminity became Tranquility after being acquired by Genting Group for $125 million (£100m). In 2023 it changed hands once again to its current owner, Newell, the president of gaming company Valve, who was reported to have a net worth of $3.9 billion (£3.15bn) in 2021.

The yacht is said by the Superyacht Fan website to currently have a value of $150m(£120 million).

120 million yacht

A $120 Million Penthouse Will Become the Miami Area’s Most Expensive Home

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.

An oceanfront penthouse in Miami Beach is in contract for north of $120 million—a sum that would make it the most expensive condominium ever sold in the Miami area, according to people familiar with the deal. The previous record was half that price.

Located at the Shore Club  Private Collection in Miami Beach, the unit spans about 10,500 square feet with around 7,500 square feet of terraces and a private rooftop pool. The identity of the buyer is not known. The Witkoff Group and Monroe Capital, which are developing the Shore Club, could not be reached for comment.

Miami’s current condo record was set in 2015, when hedge-fund billionaire Ken Griffin paid $60 million for a pair of penthouses at Faena House. He has since sold the units for $46.2 million combined, records show.

The Shore Club redevelopment has been years in the making. It involves redeveloping two landmark hotels: the circa 1940s Shore Club hotel and the Cromwell Hotel, a 1930s Art Deco building.

Designed by Robert A.M. Stern Architects, the project will have 49 private residences split between the original Cromwell Hotel and a new, adjoining 200-foot tower. There will also be a roughly 6,000-square-foot standalone mansion facing the beach, and a five-star resort operated by Auberge Resorts Collection. Sales launched early last year, with prices at the time ranging from around $6 million to about $40 million, excluding the penthouse. The project is expected to be completed in 2026.

RAMSA collaborated on the project with Kobi Karp Architecture & Interior Design, and the interiors are yacht-inspired and have a color palette of dune, coral and sky.

Douglas Elliman Development Marketing is leading sales.Miami’s luxury market skyrocketed during Covid as wealthy Northeasterners flocked to Florida. In 2022, Griffin paid $106.875 million for a waterfront estate in Miami’s Coconut Grove, the first Miami home to cross the $100 million mark. Recently, condo developers in Miami have introduced a slew of high-priced units aiming to establish a new echelon of condo pricing, including Aman Miami Beach and the redevelopment of the historic Raleigh Hotel by a group headed by New York-based developer SHVO. A penthouse there is asking $150 million.

Write to E.B. Solomont at [email protected]

A $120 Million Penthouse Will Become the Miami Area’s Most Expensive Home

Take a sneak peek at the biggest and most expensive boats at 2024's Palm Beach yacht show

  • The Palm Beach International Boat Show kicks off later this week.
  • Eight megayachts are expected to be on display for would-be buyers and charter customers.
  • These are the show's biggest yachts — and how many millions of dollars they are going for.

Insider Today

The Palm Beach International Boat Show — the yacht world's flashiest event stateside — is returning this year with over 800 boats for both deep-pocked potential owners and window shoppers to peruse.

While it's impossible to know what exactly will be on display until the show begins on Thursday, it's expected that eight megayachts — generally defined as ships over 60 meters long — will be docked at the show and at nearby marinas like the Rybovich Marina in the ritzy Florida town.

Some of these are for sale at eye-popping prices, but others are available to if in case you fancy living like a billionaire for a week or two this summer (and if you have six figures to spare on a vacation).

These are the eight biggest yachts that will be at the Palm Beach International Boat Show, in size order.

Nero: 90.1 meters

Price: From $497,000 a week (charter) Standout features: Pizza ovens, beauty salon, massage room, resistance pool

Reportedly owned by Irish billionaire Denis O'Brien, Nero is modeled after J.P. Morgan's 1930s ship , and was built in 2007 and updated in 2021.

She now boasts a gym on her sundeck with multiple cardio machines and a beauty salon, and has an on-board beautician for manicure, pedicure, hair, and massage needs. There's also an upgraded movie theater, two new pizza ovens, and both a pool and a jacuzzi.

For those who want to go overboard, she has more than a dozen toys, including a waterslide, Jet Ski, and flyboard.

Victorious: 85 meters

Price: From $876,600 a week in the summer and $950,000 a week in the winter Standout features: Hammam (Turkish bath), wine cellar, wood-burning fireplace, children's playroom

Victorious brings a party vibe to the yacht show. With a beach club on board, a wine cellar, a cigar clubroom , multiple bars, and a lounge with a piano, the vessel is made for entertaining. Plus, there's a playroom and movie theater to entertain the kids.

For tamer charter clients, Victorious has a suite of wellness features such as a gym, massage room, beauty salon and hammam, or Turkish bath — perhaps a custom request of her owner, Turkish businessman Vural Ak.

She also boasts a treasure trove of water toys, including Jet Skis, jetsurfs, inflatable kayaks, and scuba equipment.

Casino Royale: 72 meters

Price: TBD Special Features: Infinity pool, helipad, private jacuzzi

Purchased and refitted by car dealer magnate John Staluppi last year, Casino Royale is the latest of his James Bond-inspired yachts (he's also owned an Octopussy and a Skyfall, among others).

Casino Royale has a helipad that turns into a dancefloor, an infinity pool, and a wellness center with a gym and sauna. The owner's cabin has its own deck, which features a private bar and jacuzzi.

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However, the boat's price isn't listed, and while she's not necessarily officially for sale, that might change depending on who's prepared to buy, Mr. Bond.

Talisman C: 70.6 meters

Price: $60 million (or from $567,000 a week to charter) Special features: Massage and beauty room, private library

Likely the largest yacht for sale (not just charter) at the show, the Talisman C is a 2011 six-bedroom boat. The owner's cabin comes with an en suite bathroom, dressing room, private library, and crystal chandeliers.

Amenities include a gym, a beauty room, oversized jacuzzi, and a fully equipped bar. Her crew of 19 includes a trained masseuse, and the toy room comes equipped with a wakeboard, eFoil , and WaveRunners.

Joy: 70 meters

Price: From $650,000 a week Special features: Disco club, basketball court, onboard fitness instructor

Superyacht Joy testifies to the fact that owners want as many on-board experiences as they can get.

There's an expansive suite of fitness features, including a basketball court (don't shoot that hoop too hard!), a personal trainer on staff, boxing equipment, and a handful of machines. For post-workout winddowns, there's a spa with a steam room and onboard masseuse. And for entertainment, there's both an outdoor and indoor cinema, and a disco club.

Triumph: 65.4 meters

Price: From $707,600 a week in the summer and $650,000 a week in the winter Special features: Sauna, helipad, banana boat

This 2021 superyacht is named after Triumph motorcycles — a reported favorite of her rumored owner, British businessman Chris Dawson — and even has one on display as an art piece in the upper deck's lounge. The primary suite is 1,400 square feet and has its own study , and there's a sauna, an indoor-outdoor gym, a helipad, and a massage room spread among her six decks.

She boasts an "armada of water toys," including two kinds of Jet Skis, electric water bikes, and a banana boat.

Seanna: 64.5 meters

Price: $54,000,000 (or from $462,000 a week to charter) Special features: marble foyer, movie room, sundeck pool

The recently refurbished Seanna is available for sale and charter.

Her indoor-outdoor gym is on sea level so that passengers can take a dip after a session with the onboard personal trainer. There's also a sundeck pool, a helipad, a two-room massage facility, and, for the more cerebral guests, a library with an electric fireplace.

There are a number of toys on board, including a popular water trampoline and two WaveRunners.

Come Together: 60 meters

Price: $65,000,000 Special Features: DJ and videographer on board, ice bath, sauna

Next-to-new yacht Come Together is looking for a new owner after doing charters during the 2023 season.

The Beatles' influence is evident beyond the yacht's name, with guitars dotting the sky lounge and a crewmember who doubles as a DJ. There's also an outdoor cinema and bar for entertainment and an ice bath and sauna for the day after the party. The owner's suite has a private study and lounge, and each guest cabin has its own ensuite.

The sale includes a number of toys, like Jet Skis, kayaks, and Seabobs.

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120 million yacht

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COMMENTS

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    The U.S. just seized a $120 million yacht owned by oligarch with close ties to Putin. The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian ...

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  3. After Russian oligarch's $120 million yacht is seized, Putin allies

    The 281-foot-long superyacht, which can accommodate 14 guests and 28 crew members, has an estimated value of $120 million, according to Superyacht Fan, a website tracking luxury yachts.

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

    The immobilized yacht is reportedly Tango, a 78-meter (254-feet) vessel that carries Cook Islands flag, and is anchored in the port of Palma de Mallorca, Spain. ... values at $120 million. The ...

  5. Here Are the Megayachts Belonging to Russian Oligarchs

    The yacht, Amore Vero, is estimated to have a value of $120 million. It has a swimming pool that doubles as a helicopter pad and a private deck for its owner, according to Oceana , the ship maker.

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    The yacht, Amore Vero, is owned by Igor Sechin, CEO of Russian state-controlled oil giant Rosneft, the ministry said. Superyacht Fan put Amore Vero's price tag at $120 million. The yacht was ...

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  8. Russian Oligarch Viktor Vekselberg's Mega-Yacht Seized in ...

    The yacht, named Tango, is a 254-foot vessel valued at an estimated $120 million. The vessel was located at the Marina Real in the port of Palma de Mallorca and was carrying a Cook Islands flag ...

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    In April, U.S. agents and the Spanish Civil Guard seized a mega-yacht valued at about $120 million owned by Russian oligarch Viktor Vekselberg. Governments have seized even more expensive yachts ...

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    A Russian oligarch whose $120 million superyacht was seized in France reportedly told the captain to sail to Turkey as fast as possible after being sanctioned Kate Duffy 2022-03-07T11:51:43Z

  14. ALFA NERO Yacht • Andrey Guryev $120M Superyacht

    The Alfa Nero yacht is valued at $120 million, with annual running costs estimated at around $12 million. The price of a yacht varies based on factors such as size, age, luxury level, and the materials and technology used in its construction. Oceanco. Oceanco is a luxury yacht builder based in Alblasserdam, Netherlands. The company was founded ...

  15. VENUS Yacht • Steve Jobs' $120M Superyacht

    The luxury yacht Venus was built at Feadship for Apple founder Steve Jobs.When the superyacht was delivered in 2012, it was rumored to have cost more than EUR 100 million. The yacht was designed by Jobs himself, together with famous designer Philippe Starck.. On delivery of the yacht, there was a legal dispute about payment, which brought to light the fact that Starck earned a $9 million fee ...

  16. ARROW Yacht

    December 27, 2022. The $120 Million gem known as ARROW yacht belongs to Michael Platt, founder of the third biggest hedge-fund institution in all of Europe - BlueCrest. He has been renowned for providing businessmen with gains of up to 50% over the years allowing him to reach an overall net worth of over 13 billion dollars.

  17. TANGO Yacht • Viktor Vekselberg $120 Million Superyacht

    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 engines, Tango is ...

  18. The auction of the $120 million Alfa Nero superyacht begins today as no

    All was going according to plan when a man from Moscow suddenly came into the picture claiming ownership of the $120 million yacht. Via Youtube / @O2xH2O While Andrey Guryev denied any connection to the Alfa Nero, Alexander Mavrodi of Moscow claimed ownership of the luxury vessel.

  19. Mega Yacht for sale

    Mega Yacht pricing. Mega Yacht listed for sale on YachtWorld offers a diverse price range, from $86,039 on the relatively moderate end to a staggering $100,176,830 for the most unique, bespoke yachts available. It is important to take into consideration the expenses associated with ownership when evaluating your budget and the listed price of a ...

  20. TANGO Yacht

    the TANGO yacht has a stunning length of 77.7m (254'11") with a 12.2m (40'0″) beam. Her draft measures 3.65m (11'12") and weighs 2083 tons. With four diesel-type MTU engines, she can cruise up to a top speed of 21.0 knots. She also carries 202 000 liters of fuel and 41,000 liters of water. As the 20th largest yacht built by Feadship ...

  21. Russian Oligarch Apparently Has 2nd Yacht Seized, $720M ...

    France seized a $120 million yacht linked to the same oligarch, Igor Sechin, two weeks ago. European countries have been seizing yachts owned by Russian oligarchs as part of Ukraine sanctions.

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    The British tabloid has photos of the mysterious Venus, whose price tag is a reported $120 million (though you will find it valued as high as $230 million). They don't offer anything new in ...

  23. Billionaire's second superyacht worth £120 million spotted off Cornwall

    The 90-metre vessel, complete with a spa and a swimming pool, is said to be worth around $150 million (£120 million). ... The yacht is said by the Superyacht Fan website to currently have a value ...

  24. A $120 Million Penthouse Will Become the Miami Area's Most ...

    Miami's current condo record was set in 2015, when hedge-fund billionaire Ken Griffin paid $60 million for a pair of penthouses at Faena House. He has since sold the units for $46.2 million ...

  25. Renovation of Erie Yacht Club Expected to be Completed ...

    Work is progressing on the second and final phase of a $12.7 million renovation and expansion of the 1968 era Erie Yacht Club. Construction is focused on the west end of the building where contractors are expanding the Grill Room to take seating from 120 to 185. They're also adding new outdoor ...

  26. Luxury Yacht Industry Report 2024: A Global $16.9 Billion Market by

    DUBLIN, March 15, 2024 /PRNewswire/ -- The "Luxury Yacht Market Report by Type (Sailing Luxury Yacht, Motorized Luxury Yacht, and Others), Size (75-120 Feet, 121-250 Feet, Above 250 Feet ...

  27. Check Out the Biggest and Priciest Boats at Palm Beach's Yacht Show

    Price: $60 million (or from $567,000 a week to charter) Special features: Massage and beauty room, private library Likely the largest yacht for sale (not just charter) at the show, the Talisman C ...