UK Seizes Russian-owned Superyacht in London

A Russian-owned superyacht was detained today in London, a local official announced. 

Transport Secretary Grant Shapps shared an image of the superyacht named Phi with a value of £38m (est. $49 million) in a tweet

“This Government will continue to take robust action against anyone benefiting from connections to Putin’s regime,” Shapps said. 

The superyacht owned by an unnamed Russian businessman was docked in Canary Wharf, East of London. 

According to a statement released by the National Crime Agency, their officers from the Combating Kleptocracy Cell served a detention notice on the superyacht whose ownership was “deliberately well hidden.”

The Phi is the third biggest yacht built by shipbuilders Royal Huisman. 

The superyacht houses what builders call an “infinite wine cellar” and patented fresh-water swimming pool. 

The seizure of the superyacht is considered a first-ever detention under new sanctions that UK imposed against Russia. 

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