Russian billionaire loses mega yacht ‘Dilbar’ on Ukraine invasion 

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 Russian billionaire loses mega yacht ‘Dilbar’ on Ukraine invasion 
Image source: © Blitzkoenig | Megapixl.com

Highlights 

  • German authorities have seized a Russian billionaire owned superyacht.
  • The superyacht – Dilbar, was custom built in more than 52 months and is the world’s largest yacht valued at around US$600 million.
  • The US is taking strict actions to seize the properties of sanctioned Russians. 

Russia’s billionaire Alisher Usmanov has had his superyacht seized due to the Ukraine invasion.

The German authorities have reportedly seized the first Russian-owned-Megayacht – Dilbar, which is the world’s largest yacht valued at around US$600 million. 

As per media reports, Dilbar was seized at the yard of Hamburg, which is a prominent shipbuilder, where the vessel has been undergoing repairs. 

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Since late October, Usmanov’s 156-metre yacht has been in the yards of shipbuilding firm Blohm+Voss.

He bought Dilbar in 2016 from German shipbuilder Lürssen. The yacht was custom-built for over 52 months and has been the most complex and challenging yachts in history as per dimensions and technology. 

Russian yachts cruise in the Maldives

Apart from this, at least five other Russian superyachts are cruising currently in the Maldives.

Maldives is an Indian Ocean Island nation that does not have an extradition treaty with the US.

Moreover, the vessel’s arrival on the island off the Sri Lankan coast follows severe western sanctions on Russia. 

Biden against Russia 

Meanwhile, it is also worth mentioning that Joe Biden previously announced the formation of a special

task force to seize “yachts, private jets and luxury apartments” from Russian billionaires. 

Biden has outlined the economic sanctions against Russian President - Vladimir Putin over the invasion of Ukraine. The Russian stock market has already dropped 40%.

Meanwhile, the English government officials have also called for action against Russian billionaires who deal in the UK. 

As a result, the European Union targeted sanctions against 26 individuals, including Putin’s favourite oligarchs -Alisher Usmanov.

Related read - Russia-Ukraine war impact on Asian economies

The EU declaration further included an asset freeze and prohibited funds available to the listed entities and individuals. It also puts a travel ban for travelling through EU territory. 

The Russian billionaire had ties with Premier League football club Everton. However, Everton is cutting ties with Usmanov’s company USM Holdings.

USM sponsors training ground to the football club with an initial five-year deal which was announced in 2017.

The EU already froze Usmanov’s assets as part of the sanctions following the Russian invasion of Ukraine.

Related read - Binance says no to Russian user ban despite Ukraine's request

As per media reports, Ukraine’s advisor to the minister of internal affairs, Anton Geraschenko, said that the Russian yacht should be sent to Ukraine and refitted as a missile cruiser. 

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