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The Guardian - UK
The Guardian - UK
National
Rupert Neate Wealth correspondent

Russian tycoon suing UK government for return of £38m superyacht

Russia United Kingdom Grant Shapps Vladimir Putin United States Chamberlain National Crime Agency
The superyacht Phi
The Phi has been detained in Canary Wharf since March 2022. Photograph: Dan Kitwood/Getty Images

A Russian tycoon is suing the UK government over the seizure of his £38m superyacht in London shortly after Russia’s invasion of Ukraine last year.

Sergei Georgievich Naumenko, a property developer who is not on the UK’s Russia sanctions list, has filed a high court claim against the Department for Transport (DfT) demanding it free his 58.5-metre (192ft) superyacht Phi and pay damages.

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