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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussian's $50 million superyacht was seized by the UK after mooring in London for an awards ceremony
A Russian-owned, $50 million superyacht was seized by the United Kingdom on Tuesday, the government said.
It's the first superyacht to be detained in UK waters, according to the National Crime Agency, which worked with the government to detain the ship.
The 192-foot vessel, called Phi, was detained by authorities in Canary Wharf, a business district in east London, according to a government statement sent to Insider. Phi was in London for a superyacht awards ceremony and was planning to set sail at midday on Tuesday, the government said.
The UK government didn't reveal the name of the owner apart from mentioning the person was a Russian businessman and the yacht was impounded as part of sanctions against Russia and valued the yacht at £38 million ($49.9 million).
https://www.yahoo.com/news/russian-businessmans-50-million-superyacht-135208621.html
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