Russian Oligarch’s Yacht Seized in Spain at Request of U.S.

April 4, 2022, 3:30 PM UTC

A yacht belonging to Russian billionaire Viktor Vekselberg was confiscated in Spain at the request of the U.S. government, which said it was the first -- but definitely not the last -- asset seizure targeting individuals close to Vladimir Putin.

“Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war,” U.S. Attorney General Merrick Garland said in a statement.

The 78-meter-long (256 feet) ship called Tango is valued at more than 90 million euros ($99 million). The yacht has been impounded at ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.