Two Oligarch Superyachts Seized Yesterday

The 281’ (86 m) Amore Vero is powered by twin MTU diesel, was built by Oceanco and launched in 2013. She reportedly cost $120 million.
The Wall Street Journal reported a few hours ago that French authorities said they seized a yacht belonging to a company majority-owned by Igor Sechin, the chief executive of Russian oil producer Rosneft. A second superyacht was also seized yesterday by Germany.

Report from the Wall Street Journal —
The 280-foot yacht, the Amore Vero, was seized overnight at a shipyard in La Ciotat, on France’s Mediterranean coast. The yacht was undergoing repairs, but French authorities said it was making arrangements to sail urgently.

Mr Sechin was among a group of individuals sanctioned by the European Union in the wake of Russia’s invasion of Ukraine.

Built-in 2013, the yacht was registered under the flag of the Cayman Islands. It arrived in La Ciotat on Jan. 3 and was due to remain there until April 1 to carry out repairs, according to French authorities. At the time of the inspection, the ship was making arrangements to sail, despite the work not being finished. French authorities said the fact that the yacht was trying to leave French territorial waters prompted the seizure.

When Mr Sechin was separately sanctioned in 2014 by the U.S., he said he considered the move an endorsement of his effectiveness at Rosneft.

Amore Vero
Amore Vero sailing into the sunset in better times.
Russian metal tycoon Alisher Usmanov’s superyacht Dilbar has been seized in Germany, say reports.
It has also been reported that yachts belonging to five other Russian billionaires were heading to the Maldives, regarded as a safe home because it does not have an extradition treaty with the US.