Spain Seizes $90 Million Yacht of Sanctioned Russian Oligarch at U.S. Request While U.S. Unseals Indictment against Russian Oligarch

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Friday, April 15, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
4
Abstract: 

On April 4, 2022, Spanish law enforcement executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by Viktor Vekselberg, a sanctioned Russian oligarch.  Spanish authorities acted at the request from the U.S. Department of Justice for assistance after the U.S. District Court for the District of Columbia issued a seizure warrant.  The warrant alleges that the Tango was subject to forfeiture based on violation of U.S. bank fraud, money laundering, and sanction statutes.  In addition, seizure warrants obtained in the U.S. District Court for the District of Columbia target approximately $625,000 associated with sanctioned parties held at nine U.S. financial institutions.  The seizures are based on sanctions violations by several Russian specially designated nationals.[1]  Meanwhile, on April 6, 2022, the U.S. Department of Justice unsealed in the Southern District of New York an indictment charging a Russian oligarch with violating U.S. sanctions arising from the 2014 Russian take-over of Crimea.[2]



[1]    U.S. Department of Justice, $90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg Seized by Spain at Request of United States, Apr. 4, 2022.

[2]    U.S. Department of Justice, Russian Oligarch Charged with Violating U.S. Sanctions, Press Rel. 22-333, Apr. 6, 2022.