Billionaire Usmanov’s superyacht said to be seized in Germany

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 one of his prized possessions—the 512-foot yacht Dilbar, valued at nearly $600 million—has been seized by German authorities in the northern city of Hamburg.

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. Representatives for Blohm+Voss and Usmanov didn’t immediately respond to a request for comment.

Usmanov purchased Dilbar in 2016 for a reported $600 million from German shipbuilder 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.

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."

At least five other superyachts owned by Russian billionaires are now anchored or cruising in Maldives, an Indian Ocean island nation that does not have an extradition treaty with the US, ship tracking data showed.

The vessels’ arrival in the archipelago off the coast of Sri Lanka follows the imposition of severe western sanctions on Russia.

The Clio superyacht, owned by Oleg Deripaska, the founder of aluminium giant Rusal, who was sanctioned by the US in 2018, was anchored off the capital Male on Wednesday, according to shipping database MarineTraffic.

The Titan, owned by Alexander Abramov, a cofounder of steel producer Evraz, arrived on 28 February.

Three more yachts owned by Russian billionaires were seen cruising in Maldives waters on Wednesday, the data showed. They include the 88-metre (288 ft) Nirvana owned by Russia’s richest man, Vladimir Potanin. Most vessels were last seen anchored in Middle Eastern ports earlier in the year.

The US has said it will take strict action to seize property of sanctioned Russians.

“This coming week, we will launch a multilateral transatlantic taskforce to identify, hunt down, and freeze the assets of sanctioned Russian companies and oligarchs: their yachts, their mansions, and any other ill-gotten gains that we can find and freeze under the law,” the White House said in a tweet on Sunday.

Washington imposed sanctions on Deripaska and other influential Russians in 2018 because of their ties to president Vladimir Putin after alleged Russian interference in the 2016 US election, which Moscow denies.

Source: Forbes, the Guardian