Usmanov’s $600 Million Megayacht Dilbar Is Seized by Authorities

Somewhere in the world today, one Russian billionaire is crying dollar-shaped tears after German authorities have seized his most prized possession. Dilbar, the world’s biggest motor yacht by both volume and tonnage, is now being held in Hamburg, Germany. Precisely one week after the start of Russia’s violent invasion of Ukraine, EU and NATO sanctions against state-connected Russian oligarchs are going into effect. Su... (continue reading...)