Spain's Civil Guard and U.S. federal agents descended on the yacht at the Marina Real in the port of Palma de Mallorca, the capital of Spain's Balearic Islands.
Palma de Mallorca, Spain — The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the government's sanctions enforcement initiative to"seize and freeze" giant boats and other pricey assets of Russian elites.
Civil Guards stand by the yacht called Tango in Palma de Mallorca, Spain, on April 4, 2022. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia's President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg's assets in the U.S. are frozen and U.S.
The move is the first time the U.S. government has seized an oligarch's yacht since Attorney General Merrick Garland and Treasury Secretary Janet Yellen assembled a task force known as REPO - short for Russian Elites, Proxies and Oligarchs - as an effort to enforce sanctions afterVekselberg has long had ties to the U.S., including a green card he once held and homes in New York and Connecticut.
Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump's inner circle and high-level Russians during the 2016 campaign and transition.
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