'Dilbar' luxury yacht Photo : AFPGermany 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. The Russian billionaire and his sister are both targeted by European sanctions against Russian oligarchs as well as members of their families. He is one of dozens of Russian oligarchs hit by Western sanctions since Moscow launched its invasion of Ukraine. The confiscation of the "Dilbar" is just the latest in a string of seizures of Russian superyachts under the Western sanctions.

Source: Forbes April 15, 2022 12:38 UTC