• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, August 15, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Russian billionaire’s yacht siezed by Germany

by Srestha Roy
March 3, 2022
in News
Reading Time: 2 mins read
0
Russian billionaire’s yacht siezed by Germany
TwitterWhatsappLinkedin

In the midst of Russia’s escalating invasion of Ukraine, German police confiscated a large boat belonging to billionaire Alisher Usmanov at a shipyard in Hungary, as part of the European Union’s effort to crack down on Putin’s allies.According to Forbes, which reported the seizure, the craft, a 512-foot boat dubbed the Dilbar, is worth $600 million.

You might also like

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable

OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

The yacht, which is one of the largest ever built, has a 25-meter swimming pool, two helipads, and an on-ship garden, and it requires an 80-person crew to operate.

The billionaire once sent a video to imprisoned Russian anti-corruption campaigner Alexei Navalny, purportedly taken from onboard, gloating that “I live in happiness.”

Mr Usmanov’s assets were frozen earlier this week by the EU, which described him as a “pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin,” a man who is “considered to be one of Russia’s businessmen-officials, who were entrusted with servicing financial flows, but their positions depend on the president’s will.”

Fears over content costs have caused ITV’s stock to plummet. Everton FC has cancelled advertising ties with the oligarch, who previously owned part of Arsenal, despite an ambitious digital revamp.

Everton’s training ground and several kits for the men’s and women’s teams were sponsored by companies owned by Mr Usamanov, a close associate of Everton owner Farhad Moshiri. They also kept the £30 million naming rights to Everton’s new stadium.

Ms Usmanov, recognised by the nickname “the hard man of Russia,” is among the richest men in Russia and the world, worth approximately $14.2bn.

He made his first money selling plastic bags, a highly sought-after product after the collapse of the Soviet Union, and has since invested in Facebook, Xiaomi, and VK, a Russian social media network.

The opulence enjoyed by Russian oligarchs has been a significant target for Western governments seeking to punish Russia financially for its invasion of Ukraine. US President Joe Biden threatened that he will go after the yachts and high-end homes of Kremlin-connected businessmen during his State of the Union address to Congress on Tuesday in Washington.

According to a maritime data study, yachts linked to Vladimir Putin and Russian oligarchs associated with him sailed out of reach of US authorities in the days leading up to the invasion of Ukraine.

Tags: billionaireGermanyPutinRussiaUsmanov
Tweet54SendShare15
Previous Post

Doge coin exceeds Russian rubble in value

Next Post

Amazon is closing all 68 of its physical Books, 4-Star, and Pop Up locations.

Srestha Roy

Recommended For You

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable

by Shailja Jha
August 14, 2026
0

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable The rush to buy premium smartphones will only increase now that the festive...

Read more

OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

by Ishaan Negi
August 14, 2026
0
OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

OpenAI is facing another major leadership change just days after announcing the departure of Brad Lightcap, with Chief Revenue Officer Denise Dresser leaving the artificial intelligence company after...

Read more

Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

by Ishaan Negi
August 14, 2026
0
Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

Fintech startup Navi Ltd., founded by former Flipkart co-founder Sachin Bansal, is preparing to formally begin the process for an initial public offering (IPO) in India. The company...

Read more
Next Post
Amazon logo at the Amazon delivery centre

Amazon is closing all 68 of its physical Books, 4-Star, and Pop Up locations.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?