A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain's Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia's President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg's assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. Photo: Francisco Ubilla/AP DOJ, Spanish Authorities Seize Oligarch's $90M Yacht as Part of Response to Russia Invasion of Ukraine
The seizure in Spain of the 255-foot yacht represented DOJ's "KleptoCapture" task force's "first seizure of an asset belonging to a sanctioned individual with close ties to the Russian regime," said U.S. Attorney General Merrick B. Garland.
April 13, 2022 at 04:30 PM
5 minute read
Federal Government
Working with Spanish authorities, the U.S. Department of Justice seized a $90 million yacht owned by Russian oligarch Viktor Vekselberg that was docked in Spain as part of the Justice Department's enforcement of "sweeping sanctions" in response to Russia's military invasion of Ukraine.
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