
A massive $90m yacht owned by a Russian oligarch with close ties to President Vladimir Putin was seized Monday in Spain as part of the government’s sanctions initiative to “seize and freeze” large assets linked to Russian elites, according to reports.
The mega yacht is among the assets linked to Viktor Vekselberg, a billionaire who heads up a Moscow-based conglomerate that controls metals, mining and tech assets, according to documents from the US Treasury Department.