Berlin (AFP) – 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. Advertising Read moreThe 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," police added on Twitter. 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 14, 2022 19:26 UTC