France and Germany have seized two superyachts owned by Russian oligarchs, French authorities and Forbes magazine said, hitting Russia's super-rich under sanctions imposed on Moscow over its invasion of Ukraine.
At least five other superyachts owned by Russian billionaires are anchored or cruising in the Maldives, an Indian Ocean island nation, ship tracking data showed.
The yachts arrived in the Maldives after the West imposed sanctions on Russia. Washington, the European Union and others have said they will target oligarchs who have amassed fortunes and political influence under Russian President Vladmir Putin.
"Thanks to the French customs officers who are enforcing the European Union's sanctions against those close to the Russian government," Finance Minister Bruno Le Maire said on Thursday after French customs seized the 88-metre "Amore Vero" (True Love).
The yacht had been about to flee, he said.
Impounded
It was impounded in the French Riviera port of La Ciotat and belongs to a company whose main shareholder is Rosneft chief Igor Sechin, a close ally of Putin, the finance ministry said.
The yacht had arrived there on January 3rd and was due to stay until April 1st for repairs, the ministry said. However, on Wednesday customs officers noted that the yacht was "taking steps to sail off urgently, without the repair works being over."
As it was subject to the new sanctions, the officers decided to seize it.
Rosneft, a Russian oil giant, did not respond to a request for comment over the seizure.
Monaco-based Imperial Yachts told Reuters the yacht was owned by a firm called Kazimo, which had appointed Imperial Yachts as managers of the boat in 2018.
"The individual you name is not connected with either Kazimo nor the yacht," a representative for Imperial Yachts told Reuters when asked about Sechin. The French finance ministry did not immediately return a request for comment.
Second seizure
In Germany, a nearly $600 million (€542 million) luxury yacht owned by Russian billionaire Alisher Usmanov was seized in the northern port of Hamburg, Forbes reported.
The 512-foot (156-metre) yacht Dilbar had been undergoing a refit in the shipyards of Blohm + Voss, Forbes said.
The German government had frozen the asset and employees working on the ship did not appear for work on Wednesday, it added.
A representative of Usmanov said he had no confirmation of the yacht's reported seizure. Germany's General Customs office said details of operational measures cannot be made public.
A spokesperson for Blohm + Voss declined to comment on the Dilbar, saying only that all orders and projects of its owners, the Luerssen Group, and subsidiaries were treated in accordance with the legal situation.
Maldives haven?
Meanwhile, at least five superyachts owned by Russian billionaires appeared to have found temporary haven in the Maldives, a luxury holiday destination.
The superyacht Clio, owned by Oleg Deripaska, the founder of aluminium giant Rusal who was sanctioned by the United States in 2018, was anchored off the capital Male on Wednesday, according to shipping database MarineTraffic.
The Titan, owned by Alexander Abramov, a co-founder of Russian steel producer Evraz, arrived on Monday.
Three more yachts owned by Russian oligarchs were seen cruising in Maldives waters on Wednesday, the data showed. They included the 88-metre (288-foot) Nirvana owned by Russia's richest man, Vladimir Potanin.
Most of the vessels were last seen anchored in Middle Eastern ports. A spokesperson for the Maldives government did not respond to a request for comment.
Sanctions
The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources said on Wednesday, after US President Joe Biden said the United States would work to seize the yachts, luxury apartments and private jets of wealthy Russians.
The EU, the United States, Canada and Britain are pooling efforts to examine how oligarchs could find ways to bypass the sanctions and also nail down the role of trust companies in holding assets, an EU official said on Thursday.
This task force will aim to close loopholes as they become apparent, the official said.
The impact of the sanctions was being widely felt.
"There is a significant chilling effect on any new business with Russia," said Matt Townsend, a sanctions partner at law firm Allen & Overy.
"People are concerned about credit risk exposure but are also worried about what's coming next. Everyone's eyes are on the next wave of significant sanctions."
