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German authorities have detained a superyacht worth at least 400 million euros, which is associated with billionaire Akhmedov

May 11, 2022
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German authorities have detained a superyacht worth at least 400 million euros, which is associated with billionaire Akhmedov
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As part of the sanctions against Russia, the German authorities have detained the Luna superyacht worth at least 400 million euros and 115 meters long in the port of Hamburg.

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how informs the Süddeutsche Zeitung newspaper, citing the German Federal Criminal Police, the police were able to establish the ownership of the yacht. It is allegedly owned by Farkhad Akhmedov, a Russian billionaire of Azerbaijani origin who came under EU sanctions in April.

The yacht, 115 meters long, with nine decks and a swimming pool, belonged to billionaire Roman Abramovich until 2014, the newspaper notes. By data Superyacht Fan, Akhmedov bought the ship from Abramovich for $300 million, after which it was sent to Bremerhaven for repairs. There, the yacht was lengthened by 2 m, repainted and the engines replaced.

Forbes evaluates Akhmedov’s fortune is $1.7 billion.

This is the second yacht linked to Russian oligarchs to be detained in the port of Hamburg. In April, the Dilbar yacht worth up to $800 million was arrested. According to German police, it belongs to the sister of Russian tycoon Alisher Usmanov.

After the start of the Russian invasion of Ukraine, as part of the sanctions, several superyachts in EU ports owned by Russian billionaires were arrested, including Alexey Mordashov, Gennady Timchenko, Viktor Vekselberg.

On May 7, the Italian Ministry of Economy and Finance announced the detention of the 140-meter yacht “Scheherazade”, which appears in the investigation of the Anti-Corruption Foundation as “Putin’s yacht”. The yacht is delayed in the port of Marina di Carrara. Its cost is estimated at 700 million dollars.

At the end of April, a bill was introduced in the United States that provides for the confiscation of the assets of oligarchs associated with the Kremlin, including yachts, and the use of the proceeds from their sale to purchase weapons and humanitarian aid for Ukraine.

Tags: AkhmedovauthoritiesbillionairedetainedEU sanctionsEuropeeurosGermanGermanymillionnewsoligarchRussiaseizure of propertysuperyachtworthyacht

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