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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFirst Oligarch Yacht seized by Germans.: Daily Mail 600 mill UK
https://www.dailymail.co.uk/news/article-10570957/Russian-billionaire-Alisher-Usmanovs-megayacht-SEIZED-German-authorities.htmlSanctioned Russian billionaire Alisher Usmanov's 500ft-long £600million megayacht one of the biggest in the world is SEIZED by German authorities amid crackdown on Putin's oligarchs
By WILLIAM COLE FOR MAILONLINE
PUBLISHED: 16:29 EST, 2 March 2022 | UPDATED: 17:09 EST, 2 March 2022
Sanctioned Russian billionaire Alisher Usmanov's megayacht has been seized amid a crackdown on oligarchs friendly with Vladimir Putin, it has been reported.
The 512-foot Dilbar, described as Usmanov's prized possession, was frozen by German authorities on Monday.
The vessel, with an estimated value of £600million, remains at shipyards in the northern city of Hamburg where it has been for a refitting job since late October.
The move is part of an asset freeze on Usmanov after he was sanctioned by the European Union in response to Russia's invasion of Ukraine.
muriel_volestrangler
(101,312 posts)msongs
(67,405 posts)muriel_volestrangler
(101,312 posts)which is the Latin for a measure of weight (as well as 'scales') - 'lira' comes from that too. Old British money, used until 1971, was called 'Lsd' (before the drug ...) - standing for Libra, solidus (for the shilling) and denarius (for the penny). The proper abbreviation for an old penny was 'd', so a price could be £1.2s.6d.
dclarston13
(411 posts)I wonder what will happen to these yachts I assume they will be sold to other ultra rich folks.
Sanity Claws
(21,847 posts)You can't sell it. Not many people have that kind of money to buy it, insure it, dock it, etc.
Shellback Squid
(8,914 posts)I couldn't find the british symbol for pounds on my keyboard either
world wide wally
(21,743 posts)essaynnc
(801 posts)Why in the world does any one person need to acquire so much wealth to be able to own that, while a huge part of the planet's population is food insecure? Could it be that wealth begets power which allows a person or industry to accumulate even more money? Where does it end?
Don't get me wrong, I'm all for capitalism. But it has to be held in check. And Number 1 is... keep your dang $ (or rubles) out of politics!!! We should be able to make national decisions based on the good of ALL, not just what the richest 200 families in the world want.
tavernier
(12,388 posts)Pachamama
(16,887 posts)That seems to be the perfect solution.
Then turn it over to Ukraine for reparations