Putin-Linked Billionaire's $600 Million Yacht Seized By Germany: Report
NDTV
The EU imposed sanctions on the Russian tycoon and metals magnate and 25 other prominent people for Russia's invasion of Ukraine.
German authorities have seized a nearly $600 million luxury yacht owned by Russian billionaire Alisher Usmanov who has faced European Union sanctions over Russia's invasion of Ukraine, Forbes reported, citing sources in the yacht industry.
The 512-foot yacht, Dilbar, was taken in the northern port of Hamburg, the Forbes website reported.
The yacht had been undergoing a refit in shipyards of Blohm + Voss, Forbes reported, adding that the German government had frozen the asset and employees working on the ship did not appear for work on Wednesday.
No one at Germany's General Customs Office or at Blohm + Voss was immediately available to comment. Forbes said representatives for Usmanov did not immediately respond to a request for comment.