Russian Oligarch’s Superyacht Seized After Docking in Gibraltar

A demonstrator wearing a Ukrainian flag on the shoulders holds a sign reading "No-fly zone! No war!" during a demonstration in support of Ukraine and to protest against Russia's invasion of the country, on the Plaza Catalunya square in Barcelona, on March 6, 2022. Lluis Gene /AFP via Getty Images

A superyacht linked to the owner of Russia’s largest steel pipe maker, subject to sanctions by the European Union due to the Ukraine invasion, has been seized by authorities after docking in Gibraltar.

Western sanctions on Russian oligarchs over Russian President Vladimir Putin’s invasion of Ukraine have triggered an exodus of luxury yachts from Europe in recent weeks, with several heading towards the Maldives, which has no extradition treaty with the United States.