Ukraine sanctions: Germany confiscates 600 million yacht from Russian oligarch

Created: 03/02/2022Updated: 03/02/2022, 23:50

By: Richard Strobl

The oligarch yacht Dilbar is said to have been confiscated in Hamburg as part of the Ukraine sanctions against Russia.

© IMAGO / UIG

In the Ukraine conflict, the EU and the US have imposed tough sanctions on Russia's elite.

Germany has now confiscated an oligarch's million-dollar yacht.

Hamburg – The Ukraine conflict* continues.

Meanwhile, the West is not only supplying Ukraine with weapons, but has also imposed tough economic sanctions on the country and on its elite around Vladimir Putin*.

For example, the assets of a number of oligarchs were frozen.

The focus is apparently also on the luxury yachts of the oligarchs, some of which have already fled*.

The US has announced that it will “hunt” them.

Now there has apparently been a spectacular confiscation in Hamburg.

Ukraine sanctions: Germany confiscates luxury yacht from Russia oligarch

According to a report by

magazine, German authorities in Hamburg have confiscated the 512-foot yacht Dilbar, worth almost 600 million euros.

The owner: oligarch Alisher Usmanov, who was sanctioned by the European Union on Monday.

The report draws on various yachting industry sources.

Accordingly, the luxury ship had been in the Hamburg shipyards of the shipbuilder Blohm + Voss since the end of October for conversion.

According to Forbes information, Germany had frozen Usmanov's assets after the sanctions.

The shipbuilder's employees also did not show up for work on Wednesday.

Russia's oligarch luxury: mega yacht now confiscated

Usmanov is said to have bought the luxury yacht in 2016 for an alleged total of 600 million dollars.

A German shipbuilder had previously custom-made them.

At 15,917 tons, it is said to be the largest motor yacht in the world, which is normally operated by a crew of 96 people.

The ship is said to have the largest swimming pool ever installed on a yacht.

The ship also has two helipads, a sauna, a beauty salon, a gym and twelve suites.

Usmanov is considered a multi-billionaire who holds shares in a number of companies.

Among other things, he is said to have been one of the first Facebook investors.

You can read the background to the Ukraine crisis here*.

All current information on the Ukraine war can be found in our news ticker.