Britain seizes the large yacht of an unknown Russian businessman docked in London

The luxury yacht, known as Faye, was boarded by UK authorities at Canary Wharf, where it docked on Tuesday.

The Minister for Transport said the yacht is said to be worth £38m and was in London for the awards ceremony.

The 58.5-meter boat had a freshwater pool and storage and was scheduled to leave at 12 noon.

“Today we have parked a £38 million luxury yacht and turned a symbol of Russia’s power and wealth into a clear and stark warning to Putin and his cronies,” Shapps said.

“Faye’s stand proves, once again, that we can and will take the strongest possible action against those who seek to profit from ties with the Putin regime.”

The Department of Transportation (DfT) said it worked with the National Crime Agency and the Border Force Maritime Bureau of Investigation to identify and seize the vessel.

The name of the Russian businessman associated with the yacht is unknown, but the ship is believed to be registered to a company based in Saint Kitts and Nevis.

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The value of the yacht is 38 million pounds sterling.

/ Evening Standard / Barney Davis

The DfT said it would seek more ships to stop as part of Britain’s sanctions program against Russian businessmen linked to Vladimir Putin.

Shapps added, “Now that the ship is off, it’s not going anywhere.

“He was here to renovate it, it’s not going anywhere, and it’s just another indication that we won’t sit idly by while Putin’s friends can sail around the world on these kinds of yachts and the people of Ukraine suffer.”

“When you see what he’s doing to Ukraine, when you see what he’s doing to people’s lives, it can’t be right to have a yacht like this here in London, capable of sailing and that’s why it was confiscated.” and being denied going anywhere at this time, which is another indication of how seriously we are taking these matters.”

Last week, the UK announced 65 new penalties against Russian individuals and entities.

The government has already imposed sanctions on more than 1,000 individuals and entities following the invasion of Ukraine.

Among those recently sanctioned are people linked to the Wagner Group, a mercenary organisation, and Polina Kovaleva, the daughter of Russian Foreign Minister Sergei Lavrov, who is said to have owned a £4m home in London.

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