Monday, April 4, 2022

$90 Million Yacht Belonging to Russian Oligarch Seized in Spain

"A $90 Million yacht belonging to sanctioned Russian oligarch Viktor Vekselberg was seized
by Spanish law enforcement on Monday at the request of the U.S. Justice Department, the department’s public affairs office revealed. According to court documents, Vekselberg purchased the 255 ft. yacht, “the Tango,” in 2011. Roughly seven years later, he was sanctioned by the U.S. Treasury Department. The seizure warrant issued by the U.S. Justice Department and carried out by Spanish authorities alleges Vekselberg and his associates continued to make payments through U.S. banks on behalf of the yacht after he was sanctioned in April 2018." MS

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