A £38m superyacht, owned by a Russian national, has been seized by officers from the UK's National Crime Agency as part of sanctions against Russia. The yacht, named Phi, is owned by an unnamed Russian businessman.
Transport Secretary Grant Shapps said the individual was not currently sanctioned but had "close connections" to Russian President Vladimir Putin. It is the first detention order of a superyacht in UK waters.
Owned by a Russian businessman, Phi is the third biggest yacht built by prestigious shipbuilders Royal Huisman and includes what the builders call an “infinite wine cellar” and patented fresh-water swimming pool.
