Russian oligarch Alisher Usmanov’s $600M yacht seized in Germany: reports

Authorities in Germany this week seized a lavish $600 million yacht belonging to a Russian oligarch, according to reports.The Dilbar, a 512-foot vessel belonging to billionaire Alisher Usmanov, was taken over by authorities while it was being refitted in a German shipyard, Forbes reported.The business magazine learned about the move Wednesday, just two days after Usmanov was sanctioned by the European Union as part of its response to Russia’s invasion of Ukraine, the report said.The EU has accused Usmanov of being a close ally of Russian President Vladimir Putin and a supporter of Russia’s 2014 invasion of Crimea, the Washington Examiner reported.Usmanov on Tuesday confirmed that financial actions had been taken against him."On 28 February 2022 I became the target of restrictive measures imposed by the European Union 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 Tuesday.The statement was posted on the website of the International Fencing Federation, where the former professional fencer served as president since 2008 until stepping down Monday, the Examiner reported.The Dilbar had been undergoing work at a shipyard in Hamburg, Germany, since October, according to Forbes.

Employees of Blohm+Voss, the shipbuilding firm overseeing the project, were not at work Wednesday, the report said.German shipbuilder Lurssen, which built the Dilbar, claims it’s the world’s largest motor yacht by gross tonnage, weighing nearly 16,000 tons, according to Forbes.When operating, the ship has a crew of 96 people.