A Russian-owned superyacht registered in Malta was seized by the British government on Tuesday as part of the country’s sanctions against Russia.
The UK’s National Crime Agency revealed this on a statement on Tuesday, stating that the €45 million, 58.5-metre yacht is owned by an unidentified Russian businessman. Malta currently holds the world’s largest register of superyachts, with the maritime sector accounting for 14% of the country’s GDP in February.
Phi is the first superyacht to be stationed in British waters and such a seizure follows hundreds of UK sanctions on Russian individuals and organisations in light of the current attacks on Ukraine. British Transport Secretary Grant Shapps called the seizure “a clear and stark warning” to Russian President Vladimir Putin.
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Photo Source: Superyacht Times