The Department of Justice (DOJ) has seized a 348-foot superyacht belonging to a Russian oligarch. The luxury vessel, currently in the US, is being offered for sale at a price of $100 million. The DOJ took possession of the yacht as part of its ongoing efforts to enforce sanctions against Russian individuals connected to the Kremlin.

The superyacht, named “Tango,” features luxurious amenities including a helipad, Jacuzzi, and spacious deck areas. It is registered in the Cayman Islands and has been linked to the Russian billionaire Viktor Vekselberg, who faces sanctions from the US government. The seizure of the yacht comes amid heightened tensions between the US and Russia over various geopolitical issues.

A spokesperson for the DOJ stated that the sale of the superyacht is aimed at depriving sanctioned individuals of their ill-gotten gains. The proceeds from the sale will be directed towards supporting victims of Russian aggression and other related initiatives. The sale of assets belonging to sanctioned individuals is a common strategy employed by the US government to enforce sanctions and deter illicit activities.

Legal experts suggest that the seizure of the superyacht underscores the US government’s commitment to enforcing sanctions against Russian oligarchs and individuals with ties to the Kremlin. The sale of the luxury vessel serves as a tangible example of the consequences faced by individuals who engage in activities deemed detrimental to US national interests. The fate of the superyacht and its eventual buyer will be closely watched as the DOJ continues its efforts to crack down on illicit financial activities.