World’s largest yacht, linked to Russian billionaire, seized by Germany
Germany’s federal police said Tuesday that “through extensive investigations despite offshore concealment,” it found that the yacht is owned by Gulbakhor Ismailova, the sister of Russian billionaire Alisher Usmanov.
After police confirmed with Brussels that the vessel’s owner was sanctioned, the superyacht — named Dilbar, after Usmanov’s mother, according to the U.S. Treasury Department — was impounded. It is being held in the Port of Hamburg in Germany.
The yacht is registered in the Cayman Islands, according to the Treasury Department, and worth between $600 million and $735 million, with an estimated annual running cost of $60 million. At 15,917 tons, it is the world’s largest yacht by internal volume, according to the ship’s maker, Lürssen, which touts its “classic profile with a light ivory hull and bronze accents.”
Usmanov is “known to be close to [Russian President Vladimir] Putin as well as Dmitry Medvedev, the Deputy Chairman of the Security Council of Russia and former President and Prime Minister of Russia,” the Treasury Department said, alleging that his ties to the Kremlin “enrich him and enable his luxurious lifestyle.”
In the early days of the invasion, President Biden warned Russian oligarchs: “We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets.”
The United States said on March 3 that it had sanctioned Usmanov, alleging he was among the “key elites” allowing Putin to wage his war on Ukraine. Experts from the Organization for Security and Cooperation in Europe determined in a fact-finding report published Wednesday that Russia broke international humanitarian law by deliberately targeting civilians during its invasion of Ukraine. The United States and other nations have accused Russia of committing war crimes there, and Biden on Tuesday said Putin was committing “genocide” in Ukraine.
Usmanov, 68, is the 86th-richest person in the world, with an estimated fortune of $19.1 billion, according to the Bloomberg Billionaires Index. He has “vast holdings across multiple sectors” of Russia’s economy and internationally, the Treasury Department said, including a 49 percent stake in USM, a holding company that controls Russia’s largest iron ore producer, according to Bloomberg.
A representative for Usmanov was not immediately available, and USM did not immediately respond to a request for comment.