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Germany seizes the world's largest yacht (at least according to volume)

Rachel Treisman

The luxury superyacht Dilbar sails off the coast of Monaco in 2017. Valery Hache/AFP via Getty Images hide caption

The luxury superyacht Dilbar sails off the coast of Monaco in 2017.

German authorities have seized the world's largest yacht by volume after determining that a Russian oligarch had transferred its ownership to his sister — who is also facing Western sanctions.

Dilbar, the yacht in question, measures some 511 feet and 15,917 tons, which shipbuilder Lurssen says makes it the largest motor yacht in the world by gross tonnage. It has two helipads and one of the biggest indoor pools ever installed on a yacht, according to the U.S. Treasury Department , which puts its estimated worth between $600 and $735 million.

Why so many Russian billionaires are called oligarchs

The superyacht is named after the mother of its original owner: Alisher Usmanov, one of Russia's wealthiest billionaires and a known close associate of the Russian president. Usmanov was sanctioned by the U.S., United Kingdom., European Union and Switzerland in March, following Russia's invasion of Ukraine.

Germany's federal police tweeted Wednesday that it found, "through extensive investigations despite offshore concealment," that the yacht currently belongs to Usmanov's sister, Gulbakhor Ismailova. Authorities impounded the yacht, which remains at the port of Hamburg , after confirming with Brussels that its owner is under sanctions.

A Russian billionaire's superyacht has been impounded in Hamburg, Germany. Harsh sanctions in response to the invasion of #Ukraine brought the estimated $600-750 million yacht Dilbar out of 'offshore concealment', and into the hands of authorities. pic.twitter.com/GYkH6SmQk2 — German Embassy (@GermanyinUSA) April 14, 2022

Ismailova was sanctioned by the U.K. on Wednesday and the EU last week. Both entities said Usmanov had indirectly transferred assets to his sister, including leaving her as Dilbar's only beneficial owner.

"The owner of the yacht 'Dilbar' is Navis Marine Ltd. (Cayman Islands), whose shareholder is Almenor Holdings Ltd. (Cyprus). All shares in that holding company are held by PomerolCapital SA (Switzerland) in trust for the benefit of 'The Sisters Trust,' " EU officials explained, adding that Usmanov has not been a shareholder of that trust company since 2017.

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

Ukrainian sailors tried to block a Russian oligarch's yacht from docking in Turkey

Ismailova has also been linked to luxury real estate in Italy and Latvia associated with Usmanov, the EU said, and therefore has "actively supported materially or financially Russian decision-makers responsible for the annexation of Crimea and the destabilisation of Ukraine."

Dilbar made headlines in early March , when Hamburg officials denied conflicting reports that they had seized the superyacht and said any such move would have to come from higher federal customs authorities.

According to Boat International, Dilbar is also the fourth-longest yacht in the world. It can accommodate up to 96 crew members as well as 24 guests in a large living space, which includes fold-out balconies, an onboard garden (with "a specifically developed variety of grass that tolerates salt air") and more than 1,000 custom-made sofa cushions.

This story originally appeared in the Morning Edition live blog .

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Massive superyacht ‘owned by sister of Russian oligarch Alisher Usmanov’ is seized in Hamburg

German authorities said they have seized a massive superyacht in Hamburg after determining that it belongs to the sister of Russian oligarch Alisher Usmanov .

The Federal Criminal Police Office said that, after “extensive investigations” and despite “offshore concealment”, it had been able to determine that the owner is Gulbakhor Ismailova, Mr Usmanov’s sister.

Superyacht Dilbar was launched in 2016 at a reported cost of more than $648 million (£493 million).

The yacht features a 25m swimming pool, two helipads, and an on-ship garden and is valued between $600m (£456m) to $750m (£570m), according to the US treasury.

Germany police said authorities worked in Brussels to ensure that European Union sanctions applied to the owner.

It says the yacht can no longer be sold, rented or loaded.

The United States and the EU last month announced economic sanctions against Mr Usmanov, a metals magnate, over his ties to Russian President Vladimir Putin and in retaliation for the invasion of Ukraine.

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Germany seizes world’s largest superyacht ‘Dilbar’ belonging to Russian billionaire Alisher Usmanov

Usmanov has been sanctioned by european union, us and uk in wake of russia’s war in ukraine, article bookmarked.

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German authorities have frozen Russian billionaire Alisher Usmanov ’s 512-ft superyacht “Dilbar” after an investigation revealed that it was legally owned by his sister, who has also been sanctioned over Vladimir Putin’s invasion of Ukraine .

The Russian businessman was sanctioned by the European Union (EU) on 28 February and by the UK and the US in March.

His sister Gulbakhor Ismailova was sanctioned by the EU and the UK earlier this month as authorities claimed that Mr Usmanov “indirectly transferred assets”, including the vessel, to her.

“The luxury yacht Dilbar is subjected to the sanction law and could be legally fixed in Hamburg,” German authorities announced on Wednesday.

The yacht cannot be “sold, rented or pledged as collateral”, a spokesperson for the federal criminal police office of Germany said, according to news agency DPA.

Touted to be the world’s largest yacht by volume, Dilbar had been undergoing refitting in the northern German city.

Forbes had reported that the vessel, undergoing a refit in the shipyards of Blohm + Voss, was not allowed to leave the port of Hamburg after the EU froze its assets. Due to sanctions, the yacht’s entire crew was fired shortly after.

The yacht features a 25m swimming pool, two helipads, and an on-ship garden and is valued between $600m (£456m) to $750m (£570m), according to the US treasury.

After the Russian president’s declaration of war on 24 February, the EU announced it was freezing Mr Usmanov’s assets, calling him a “pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin” and a man who is “considered to be one of Russia ’s businessmen-officials, who were entrusted with servicing financial flows, but their positions depend on the will of the president”.

Mr Usmanov, known as “the hard man of Russia”, is one of the richest men in the country with an estimated worth of $18.4bn.

Russian billionaires have been scrambling to save their yachts and other assets from western governments that are trying to seize them.

The Fiji police on Thursday said they were investigating the arrival of a luxury vessel suspected of being owned by a Russian oligarch.

According to local media, authorities have seized superyacht Amadea owned by Russian billionaire Suleiman Kerimov, who was also sanctioned by the US and its western allies.

The US embassy said it was aware the Amadea had docked in Fiji’s Lautoka port and they were cooperating with authorities of the island nation.

“The United States is committed to finding and seizing the assets of the oligarchs who have supported the Russian Federation’s brutal, unprovoked war of choice against Ukraine,” the embassy said in a statement.

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Germany Impounds the World’s Largest Yacht After Establishing Links to a Russian Billionaire

"dilbar" has been linked to sanctioned russian billionaire alisher usmanov. meanwhile, 20 yachts in the netherlands are now prohibited from leaving the country., michael verdon, michael verdon's most recent stories, why this luxe cruise ship’s 3-year world tour got stuck in belfast before it started, tiara’s newest 56-foot, 600 hp boat is a speed demon in a full-feature package.

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German authorities impounded the superyacht Dilbar on Wednesday in Hamburg, according to a tweet from the federal police. The vessel has been linked to Russian billionaire Alisher Usmanov, and is the world’s largest by volume. It was built by Germany’s Lürssen Yachts.

The national police said in the tweet that, “through extensive investigations despite offshore concealment,” it found Dilbar is owned by Gulbakhor Ismailova, Usmanov’s sister. The US Treasury Department said that it was named after Usmanov’s mother, according to the Washington Post . The department estimates its value to be between $600 million and $700 million, with annual maintenance costs of about $60 million.

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The Treasury Department said that Usmanov has ties to Russian President Vladimir Putin as well as to Dmitry Mevedev, former president and prime minister. Usmanov has “vast holdings across multiple sectors,” according to the statement, including a 49 percent stake in USM, a holding company that controls Russia’s largest iron-ore producer.

The 350-ft Amadea, owned by Russian bilionaire Suleiman Kerimov, also on the sanctions list, has entered Fijian waters.  Robb Report File

The Netherlands has also reported that Dutch authorities have impounded 20 yachts at shipyards in that country. The country has added four new yachts to its list this week. It did not specify the names of the yards or which yachts are impacted, but said that 14 are now under construction, two are in storage and four are being refitted. They said the vessels’ lengths range from 30 to 400 feet.

“For two of these yachts, it has been established that they are linked to a person on the EU sanctions list,” the statement said, adding that none could be delivered, sold or exported.

Meanwhile the 350-foot yacht Amadea , owned by Russian billionaire Suleiman Kerimov, has landed in Fiji after a long Pacific crossing. Kerimov is on the sanctions list from the US, UK and EU following Russia’s invasion of Ukraine. Fiji’s Health Minister Dr Ifereimi Waqainabete said his department would need clarification when asked about the arrival of the yacht on Tuesday, adding, “We don’t do Russians.” The US Embassy in Suva and the EU’s delegation in the Pacific said they have already been in touch with the Fijian government over the yacht’s presence.

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Russian oligarch Alisher Usmanov's $735 million superyacht, Dilbar — the largest in the world — has been impounded in Germany

• German authorities have impounded a $750 million superyacht associated with Alisher Usmanov.
• Police said an investigation into "offshore concealment" found the owner was Usmanov's sister.
• Dilbar was speculated to have been seized last month, but officials denied it at the time.

Germany's Federal Police have seized the largest megayacht in the world after determining it to be owned by the sister of Russian oligarch Alisher Usmanov.

The police said they were able to find the owner after an investigation into " offshore concealment " and that the boat would remain at a shipyard in Hamburg.

—Bundeskriminalamt (@bka) April 13, 2022

The European Union's sanctions lists include Alisher Usmanov's sister Gulbakhor Ismailova and say that he "indirectly transferred assets," including Dilbar, to her.

The 512-foot yacht was thought to be under German government control in March when it was spotted at the Blohm+Voss shipyard, where it had been undergoing a refitting since October. Officials denied those reports at the time.

Shortly afterward, the yacht's crew was fired after wages could not be paid because of sanctions, Forbes reported.

With two helipads and the largest indoor pool ever installed on a yacht, Dilbar is worth between $600 million and $735 million and costs $60 million a year to maintain, according to the US Treasury Department.

The UK government estimated Usmanov was worth $18.4 billion from interests in metals, mining, and telecoms, and the EU called him one of " Putin's favorite oligarchs ."

Dilbar is named for Usmanov's mother.

Watch: Why Coca-Cola invented Fanta in Nazi Germany

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World’s largest yacht, linked to Russian billionaire, seized by Germany

The shipbuilder behind the world’s largest yacht by tonnage describes it as “one of the most complex and challenging yachts ever built,” with “entertainment and recreation spaces never before seen on” such a vessel, and an interior of “rare and exclusive luxury materials.”

It has two helipads and the largest yacht pool ever built, and it can accommodate 36 guests and 96 staff. And this week, it was impounded by German authorities for its ties to a Russian oligarch.

Germany’s federal police said Tuesday that “through extensive investigations despite offshore concealment,” it found that the yacht is owned by Gulbakhor Ismailova, the sister of Russian billionaire Alisher Usmanov.

After police confirmed with Brussels that the vessel’s owner was sanctioned, the superyacht — named Dilbar, after Usmanov’s mother, according to the U.S. Treasury Department — was impounded. It is being held in the Port of Hamburg in Germany.

Meanwhile, in Fiji, police are reportedly investigating a superyacht, suspected of being owned by Russian oligarch Suleyman Kerimov , which docked in the Pacific island nation this week.

The Dilbar, the yacht impounded in Germany, is registered in the Cayman Islands, according to the Treasury Department, and worth between $600 million and $735 million, with an estimated annual running cost of $60 million.

There are larger yachts by length. But at 15,917 tons, the Dilbar is the world’s largest yacht by internal volume, according to the ship’s maker, Lürssen, which touts its “classic profile with a light ivory hull and bronze accents.”

Usmanov is “known to be close to [Russian President Vladimir] Putin as well as Dmitry Medvedev, the Deputy Chairman of the Security Council of Russia and former President and Prime Minister of Russia,” the Treasury Department said, alleging that his ties to the Kremlin “enrich him and enable his luxurious lifestyle.”

In the early days of the invasion, President Biden warned Russian oligarchs: “We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets.”

U.S. hunt for Russian oligarchs’ huge fortunes faces barriers offshore

The United States said on March 3 that it had sanctioned Usmanov, alleging he was among the “key elites” allowing Putin to wage his war on Ukraine. Experts from the Organization for Security and Cooperation in Europe determined in a fact-finding report published Wednesday that Russia broke international humanitarian law by deliberately targeting civilians during its invasion of Ukraine. The United States and other nations have accused Russia of committing war crimes there, and Biden on Tuesday said Putin was committing “ genocide ” in Ukraine.

Usmanov, 68, is the 86th-richest person in the world, with an estimated fortune of $19.1 billion, according to the Bloomberg Billionaires Index . He has “vast holdings across multiple sectors” of Russia’s economy and internationally, the Treasury Department said, including a 49 percent stake in USM, a holding company that controls Russia’s largest iron ore producer, according to Bloomberg.

A representative for Usmanov was not immediately available, and USM did not immediately respond to a request for comment.

In the Fiji case, an official at the National Police Command and Control Center told Reuters that the captain of the vessel, which arrived Tuesday, was being questioned about how it came to Fiji without customs clearance.

Kerimov has been sanctioned by the United States, Britain and the European Union, but questions about the ownership of the luxury vessel remain. Police have seized the superyacht, called the Amadea, a 348-foot vessel worth $325 million, according to the Sydney Morning Herald.

The U.S. Embassy in Suva told the Fiji Times it is “cooperating with Fijian authorities on the matter” and is “committed to finding and seizing the assets of the oligarchs who have supported the Russian Federation’s brutal, unprovoked war of choice against Ukraine.”

Adela Suliman in London contributed to this report.

Germany seizes $594 million 512-foot super yacht that Russia’s sixth-richest man named after his mother

Russian billionaire Alisher Usmanov’s superyacht, the world’s largest by volume, was seized by German authorities in Hamburg, according to Forbes.

The German government has frozen the Dilbar, Usmanov’s 512-foot yacht, the publication said, citing three unidentified industry sources. Built in 2016 and named after his mother, the boat is estimated to be worth $594 million, according to the Bloomberg Billionaires Index.

The European Union adopted  sanctions  on six of Russia’s wealthiest individuals on Monday, including Usmanov, who called the decision “unfair” and “defamatory.” The Dilbar had been undergoing refitting in the northern German city.

Superyachts and other opulent displays of wealth among Russia’s elite have drawn intense scrutiny since the country’s invasion of Ukraine, even making it into U.S. President Joe Biden’s State of the Union address.

“We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets,” Biden  said  during Tuesday’s address.

Five other individuals were named in the latest EU sanctions: Mikhail Fridman, Petr Aven, Alexey Mordashov, Gennady Timchenko and Alexander Ponomarenko. Mordashov owns two superyachts: the Nord, which is in the Seychelles, and Lady M, anchored in Imperia, Italy. 

Some Russian tycoons also still have superyachts docked in Europe. Roman Abramovich’s Solaris is in Barcelona; Iskandar Makhmudov’s Predator is in Genoa, Italy; and Vagit Alekperov’s Galactic Super Nova is in Montenegro, among others, according to data tracked by Bloomberg.

Usmanov, 68, owns a major stake in USM, a Russian investment group with holdings in Metalloinvest, one of the world’s largest iron ore producers, and telecommunications company MegaFon. He’s the sixth-richest Russian with a fortune of $19.5 billion, according to Bloomberg’s wealth index, though that figure includes the Dilbar. 

Russian President Vladimir Putin has also been sanctioned by U.S., EU and U.K. authorities. He has been linked by news organizations including Business Insider to the superyacht Graceful. 

That boat left Hamburg Feb. 7, about two weeks before Russia invaded Ukraine. It’s now in Kaliningrad, Russia. 

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Russian billionaire Usmanov’s $805m superyacht seized in Germany

NEW YORK (BLOOMBERG) - Russian billionaire Alisher Usmanov's superyacht, the world's biggest by volume, was seized by the German authorities in Hamburg, amid a crackdown on Vladimir Putin's oligarchs.

The German government has frozen the Dilbar, Mr Usmanov's 512-foot yacht, Forbes said, citing three unidentified industry sources. Built in 2016 and named after his mother, the boat is estimated to be worth US$594 million (S$805 million), according to the Bloomberg Billionaires Index.

The European Union adopted sanctions on six of Russia's wealthiest individuals on Monday (Feb 28), including Mr Usmanov, who called the decision "unfair" and "defamatory". The Dilbar had been undergoing refitting in the northern German city.

Superyachts and other opulent displays of wealth among Russia's elite have drawn intense scrutiny since the country's invasion of Ukraine, even making it into United States President Joe Biden's State of the Union address.

"We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Mr Biden said during Tuesday's address.

Five other individuals were named in the latest EU sanctions: Mr Mikhail Fridman, Dr Petr Aven, Mr Alexey Mordashov, Mr Gennady Timchenko and Mr Alexander Ponomarenko. Mr Mordashov owns two superyachts: the Nord, which is in the Seychelles, and Lady M, anchored in Imperia, Italy.

Some Russian oligarchs also still have superyachts docked in Europe. Mr Roman Abramovich's Solaris is in Barcelona; Mr Iskandar Makhmudov's Predator is in Genoa, Italy; and Mr Vagit Alekperov's Galactic Super Nova is in Montenegro, among others, according to data tracked by Bloomberg.

Mr Usmanov, 68, owns a major stake in USM, a Russian investment group with holdings in Metalloinvest, one of the world's largest iron ore producers, and telecommunications company MegaFon. He's the sixth-richest Russian, with a fortune of US$19.5 billion, according to Bloomberg's wealth index, though that figure includes the Dilbar.

Mr Putin himself has also been sanctioned by the US, EU and British authorities. He has been linked by news organisations, including Business Insider, to the superyacht Graceful.

That boat left Hamburg on Feb 7, about two weeks before Russia invaded Ukraine. It is now in Kaliningrad, Russia.

Follow The Straits Times’ live coverage on the Ukraine crisis here.

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Breaking news, european authorities seize oligarch’s megayacht in german port.

What has two helipads and no longer belongs to an oligarch? This yacht.

Authorities in Germany have seized Russian oligarch Alisher Usmanov’s 500-foot megayacht, the Dilbar , as part of the package of sanctions against the Kremlin and its supporters, Forbes magazine reported .

The ship was taken by authorities in the north German port of Hamburg on Wednesday. The megayacht is estimated to be worth $600 million.

Usmanov, 68, is an iron and steel magnate estimated to be worth $16 billion. He is also close with Russian President Vladimir Putin and has allegedly functioned as the strongman’s business advisor .

The billionaire is among the Russian businessmen targeted by European Union sanctions over Putin’s invasion of Ukraine, which entered its seventh day of bloody fighting on Wednesday.

The Dilbar is reportedly the world’s largest yacht by gross tonnage. With 12 guest suites, a crew of at least 80, a sauna, a gym, and the largest swimming pool ever installed on a yacht, the ship is said to cost $60 million a year just to keep afloat.

Reportedly one of Usmanov’s prized possessions, the Dilbar was custom-built to his specifications by German shipwright Lurssen. Completed in 2016, the ship took over four years to build.

Usmanov’s pride and joy was a sitting duck for authorities — it’s been in the German port since last year for a refit.

But other oligarchs have been sending their boats to sunnier ports — or at least those of the few nations where sanctions can’t touch them — according to a report by CNBC .

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President biden fired a warning shot at the russian oligarchs: we are coming for your ill-begotten gains.

The US is expected to join the EU in seizing Russian assets soon — President Joe Biden addressed the oligarchs directly in Tuesday’s State of the Union address, saying “we are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets. We are coming for your ill-begotten gains.”

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UPDATE: Fate Of Russian Billionaire Alisher Usmanov’s Mega-Yacht In Germany Uncertain

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Alisher Usmanov's Dilbar yacht.

CORRECTION (March 3): According to the Ministry for Economy and Innovation in the German state of Hamburg, the country’s authorities have not seized the Dilbar, a 512-foot yacht owned by sanctioned Russian billionaire Alisher Usmanov. As Forbes reported on Wednesday, work on the ship has been halted at the Hamburg shipyard where it has been stationed for refitting work since October.

Three sources had told Forbes it had been seized, but a representative for Usmanov cited the statement from the ministry in Hamburg to confirm that it had not. In its statement, the ministry elaborated that the German federal customs agency is the “responsible enforcement authority” and would have to issue an export waiver for the yacht to leave, and that “no yacht leaves port that is not allowed to do so.”

The yacht is registered in the Cayman Islands and owned through Klaret Continental Leasing Limited, a company based in Malta, according to public data from vessel tracking service VesselFinder. A spokesperson for the Malta Business Registry told Forbes that Klaret Continental Leasing Limited was a branch of a Cyprus-based company which closed in December 2018. The Cyprus company, also named Klaret Continental Leasing Limited, was dissolved in September 2019, according to corporate records in Cyprus. A spokesperson for Usmanov told the Organized Crime and Corruption Reporting Project , which Forbes is collaborating with on assets linked to Russian oligarchs, that the yacht had “long ago been transferred into an irrevocable trust” and that Usmanov had “donated” the beneficial rights to members of his family. That makes it difficult to tie the yacht directly to Usmanov for the purpose of sanctions.

In its statement, the ministry in Hamburg added that restrictions can be imposed on a yacht owned by a sanctioned Russian individual only “if the ownership situation is clearly clarified and all these possessions are also sanctioned.” The ministry confirmed to Forbes that the yacht is still in the dock at the Hamburg shipyards of Blohm+Voss.

Forbes contacted the German Ministry of Economic Affairs and the Federal Customs Service but has not received an immediate response.

Russian billionaire Alisher Usmanov was sanctioned by the European Union on Monday. Two days later, Forbes has learned from three sources in the yacht industry that work has been halted on one of his prized possessions—the 512-foot yacht Dilbar, valued at nearly $600 million—in the northern city of Hamburg, where it had been stationed for refitting at the shipyards of Blohm+Voss since October.

The ship has been in the Hamburg shipyards of German shipbuilding firm Blohm+Voss since late October for a refitting job. Sources who spoke to Forbes said that the German government froze the asset and that, likely as a result, Blohm+Voss employees who had been working on the yacht didn’t show up to work on Wednesday. A spokesperson for Lürssen, the German shipbuilder which owns Blohm+Voss, declined to comment on Thursday. “All orders and projects of the Lürssen Group and its subsidiaries are treated in accordance with the applicable laws and regulations,” the spokesperson said. Representatives for Usmanov didn’t immediately respond to a request for comment.

Usmanov purchased Dilbar in 2016 for a reported $600 million from Lürssen, which custom-built it for him over 52 months. The firm calls it "one of the most complex and challenging yachts ever built, in terms of both dimensions and technology." At 15,917 tons, it's the world's largest motor yacht by gross tonnage, and is typically manned by a crew of 96 people. Dilbar boasts the largest swimming pool ever installed on a yacht as well as two helicopter pads, a sauna, a beauty salon, and a gym. Its plush interiors have more than 1,000 sofa cushions and it can host up to 24 people in 12 suites.

The yacht is part of Usmanov’s estimated multibillion dollar fortune, which spans stakes in iron ore and steel giant Metalloinvest and consumer electronics firm Xiaomi, as well as smaller holdings in telecom, mining and media. One of the earliest investors in Facebook along with fellow billionaire Yuri Milner , Usmanov also owns extensive real estate assets in the West, ranging from two estates in the UK—Beechwood House in London and Sutton Place in Surrey, valued at a combined $280 million—to luxury homes in Munich, Germany; Lausanne, Switzerland; Monaco; and Sardinia.

Usmanov sold his 30% stake in English soccer team Arsenal F.C. in 2018 for nearly $700 million in cash, but until this week had ties to soccer through his USM Holdings and MegaFon sponsorships of Everton F.C. The Premier League team said on Wednesday that it was suspending the arrangements in light of Russia’s attack on Ukraine. Usmanov isn’t the only Russian billionaire with a mega-yacht: Forbes and yacht valuation experts VesselsValue tracked down 32 of them.

On Tuesday, Usmanov commented on the EU sanctions imposed on him in a statement to the International Fencing Federation where he also announced he was stepping down as the organization’s president. “I believe that such decision is unfair, and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity, and business reputation," he wrote. "I will use all legal means to protect my honor and reputation."

Updated on March 30 with more information on Klaret Continental Leasing Ltd.

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World's Largest Superyacht-Linked To Russian Oligarch Seized By Germany

The 156-metre (1,680-feet) long "dilbar" has an estimated value of $600 million (555 million euros), according to forbes magazine..

The luxury yacht is now under the sanctions regime and so could be confiscated in Hamburg.

Germany has officially confiscated the world's largest superyacht owned by Russian oligarch Alisher Usmanov, as part of sanctions against Moscow following the outbreak of war in Ukraine, police sources said Thursday.

The 156-metre (1,680-feet) long "Dilbar" has an estimated value of $600 million ((555 million euros) according to Forbes magazine.

Since last October the boat has been docked for repairs in a Hamburg shipyard.

German customs had been eyeing the superyacht for several weeks, but could not formally seize it earlier due to a legal imbroglio over its ownership.

Eventually the German Federal Judicial Police indicated that they had succeeded "after lengthy investigations, and in spite of concealment via offshore companies, in identifying the owner of the M/S Dilbar and it is Gulbakhor Ismailova, the sister of Alisher Usmanov".

"The luxury yacht is now under the sanctions regime and so could be confiscated in Hamburg," police added on Twitter.

The Russian billionaire and his sister are both targeted by European sanctions against Russian oligarchs as well as members of their families.

Usmanov, 68, was ranked sixth in the Sunday Times' list of the richest people in the UK in 2021.

He is one of dozens of Russian oligarchs hit by Western sanctions since Moscow launched its invasion of Ukraine.

On Wednesday, English Premier League football club Everton suspended its sponsorship agreements with several companies in which Usmanov held shares.  

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The confiscation of the "Dilbar" is just the latest in a string of seizures of Russian superyachts under the Western sanctions.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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

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.

Real estate

Other assets

April 14, 2022

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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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

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

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.

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

A look inside Dilbar, Alisher Usmanov's $594M superyacht seized by Germany

Russian billionaire Alisher Usmanov’s superyacht was seized by German authorities as part of EU sanctions imposed on him in response to Russia's invasion of Ukraine on Monday, February 28. The 512-foot yacht called Dilbar was named after Usmanov's mother and had been undergoing refitting in the northern city of Hamburg since October 2021. 

The seizure of the superyacht comes after European Union adopted sanctions on six of Russia’s wealthiest individuals, including Usmanov. The billionaire commenting on the sanctions said, "I believe that such decision is unfair, and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity, and business reputation. I will use all legal means to protect my honor and reputation."

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About Dilbar

Dilbar built as Project Omar is a super-yacht launched on 14 November 2015 at the German Lürssen shipyard after nearly four-and-a-half years in build. The stunning interiors and the exteriors of the yacht were designed by Andrew Winch and Espen Oeino respectively. According to a video of the yacht being refueled on social media, a 500,000-liter refuel would cost up to $1.1 million with an average price of $2.20 per liter. 

The yacht contains the largest swimming pool ever installed on a yacht at 180 cubic meters as well as two helicopter pads, a sauna, a beauty salon, and a gym. Its plush interiors have more than 1,000 sofa cushions and it can host up to 24 people in 12 suites. For guests missing dry land, Dilbar is equipped with a huge garden with a specially developed variety of grass that tolerates salty sea air. The luxurious yacht has a steel hull and an aluminum superstructure and is powered by 30,000 KW electric diesel power plant. 

The Russian billionaire Usmanov is said to have purchased Dilbar from German shipbuilder Lürssen, in 2016 which custom-built it for him over 52 months. According to the Lürssen's website, the superyacht is the world's largest motor yacht by gross tonnage at 15,917 tons and is typically manned by a crew of 96 people. The firm calls Dilbar as "one of the most complex and challenging yachts ever built, in terms of both dimensions and technology." According to the Bloomberg Billionaires Index, Dilbar is estimated to be worth $594 million.

The yacht is part of Usmanov’s estimated multibillion-dollar fortune, which spans stakes in iron ore and steel giant Metalloinvest and consumer electronics firm Xiaomi, as well as smaller holdings in telecom, mining and media. Usmanov is also one of the earliest investors in Facebook along with fellow billionaire Yuri Milner. The billionaire owns extensive real estate assets in the West, including two estates in the UK valued at a combined $280 million, and luxury homes in Munich, Germany; Lausanne, Switzerland; Monaco; and Sardinia.

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Largest russian-owned superyacht in world seized by germany, war in ukraine dock you putin ... largest superyacht in world seized.

A Russian superyacht nearly 2 times the length of a football field is now in the hands of Germany after being seized as a consequence of Russian's attack on Ukraine.

The yacht is owned by Gulbakhor Ismailova , the sister of Russian oligarch Alisher Usmanov , one of Russian's richest citizens and a close advisor to Putin, particularly on economic issues.

The yacht is beyond ... 512-feet long, with just about every bell and whistle imaginable, including an 80-foot pool and not 1 but 2 helipads. It cost more than $648 million.

The Yacht -- named Dilbar -- is now impounded in a Hamburg, Germany shipyard.

The yacht is flagged in the Caymans and registered to a company in Malta ... this is the drill followed by many of the super rich.

Other expensive toys of Russian oligarchs have been seized, including yachts and private jets, but Dilbar may be the crown jewel.

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