U.S. seizes mega yacht owned by oligarch with close ties to Putin

PALMA DE MALLORCA, Spain — The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the government’s sanctions enforcement initiative to “seize and freeze” giant boats and other pricey assets of Russian elites .

Spain’s Civil Guard and U.S. federal agents descended on the yacht at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands in the Mediterranean Sea. Associated Press reporters at the scene saw police going in and out of the boat on Monday morning.

The seizure was confirmed by two people familiar with the matter. The people could not discuss the matter publicly and spoke to AP on condition of anonymity. A Spanish Civil Guard spokesman confirmed that officers from the Spanish police body and from the FBI were at the marina searching the vessel Monday morning and said further details would be released later.

A Civil Guard source told The Associated Press that the immobilized yacht is Tango, a 78-meter (254-feet) vessel that carries Cook Islands flag and that  Superyachtfan.com , a specialized website that tracks the world’s largest and most exclusive recreational boats, values at $120 million. The source was also not authorized to be named in media reports and spoke to AP on condition of anonymity.

The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russian President Vladimir Putin who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities.

The move is the first time the U.S. government has seized an oligarch’s yacht since Attorney General Merrick Garland and Treasury Secretary Janet Yellen assembled a task force known as REPO — short for Russian Elites, Proxies and Oligarchs — as an effort to enforce sanctions after Russia invaded Ukraine in late February.

Vekselberg has long had ties to the U.S. including a green card he once held and homes in New York and Connecticut. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Vekselberg was also questioned in special counsel Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in the Mueller probe after the attorney for adult film star Stormy Daniels released a memo that claimed $500,000 in hush money was routed through Columbus Nova to a shell company set up by Donald Trump’s personal attorney, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump’s inner circle and high-level Russians during the 2016 campaign and transition.

The 64-year-old mogul founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia’s biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture , which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

The White House has said that many allied countries, including German, the U.K, France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions. In his State of the Union address, President Joe Biden warned oligarch that the U.S. and European allies would “find and seize your yachts, your luxury apartments, your private jets.”

“We are coming for your ill-begotten gains,” he said.

Wednesday’s capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch’s superyacht. Officials there said they had seized a vessel valued at over $140 million owned by the CEO of a state-owned defense conglomerate and a close Putin ally.

French authorities have also seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

Italy has also seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht “Lena” belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-meter (215-foot) “Lady M” owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

Para reported from Madrid and Balsamo reported from Washington.

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RESULTSET
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  DATA01 DATA02 DATA03 DATA04 DATA05 DOCTYPE FILESIZECORRECT FILESIZEORIG FILESIZETHUMB HEIGHTCORRECT HEIGHTORIG HEIGHTTHUMB HULL0 HULL1 HULL2 HULL3 HULL4 HULL5 HULL6 HULL7 ISARCHIVED ISLAYOUT ISPORTRAIT PHOTOALT PHOTOCAPTION PHOTOID PHOTOMOUSEOVER PHOTOSEED PHOTOURL PRIORITY WIDTHCORRECT WIDTHORIG WIDTHTHUMB YACHTREF
1 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Front view of yacht in water with people on the bow. 2584 [empty string] [empty string] [empty string] 1 [empty string] [empty string] [empty string] 22
2 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] 120 Foot yacht with jet ski circling the yacht. 3950 [empty string] [empty string] [empty string] 2 [empty string] [empty string] [empty string] 22
3 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Main Salon with white couch and black coffee table. 1145 [empty string] [empty string] [empty string] 3 [empty string] [empty string] [empty string] 22
4 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] White couch with yellow pillows behind black coffee table. 1146 [empty string] [empty string] [empty string] 4 [empty string] [empty string] [empty string] 22
5 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Gray bar with circle barstool across from bench seat. 1871 [empty string] [empty string] [empty string] 5 [empty string] [empty string] [empty string] 22
6 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Dark wood dining table with yellow chairs and gold place settings. 1139 [empty string] [empty string] [empty string] 6 [empty string] [empty string] [empty string] 22
7 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Cream leather detailed cabin with sunlight and dark wood accents. 1131 [empty string] [empty string] [empty string] 7 [empty string] [empty string] [empty string] 22
8 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Side view of white yacht with people on the bow. 2583 [empty string] [empty string] [empty string] 8 [empty string] [empty string] [empty string] 22
9 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Aerial view of swim platform with kayak and two paddle boards in the water. 2585 [empty string] [empty string] [empty string] 9 [empty string] [empty string] [empty string] 22
10 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Starboard side view of 120 foot white yacht in water. 2582 [empty string] [empty string] [empty string] 10 [empty string] [empty string] [empty string] 22
11 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] View from behind a white couch facing a dark wood bar. 1141 [empty string] [empty string] [empty string] 11 [empty string] [empty string] [empty string] 22
12 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Yellow chair in front of hallway leading to galley. 1138 [empty string] [empty string] [empty string] 12 [empty string] [empty string] [empty string] 22
13 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Gray cabinets with sink across from a knife block and a bowl of fruit. 1137 [empty string] [empty string] [empty string] 13 [empty string] [empty string] [empty string] 22
14 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Gray cabinets with white backsplash and stainless steel oven. 1136 [empty string] [empty string] [empty string] 14 [empty string] [empty string] [empty string] 22
15 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Helm chair next to bench seat under red lighting. 1151 [empty string] [empty string] [empty string] 15 [empty string] [empty string] [empty string] 22
16 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Helm chair in front of curved bench seat with dark wood table. 1150 [empty string] [empty string] [empty string] 16 [empty string] [empty string] [empty string] 22
17 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Light colored cabin with green blanket on bed. 1133 [empty string] [empty string] [empty string] 17 [empty string] [empty string] [empty string] 22
18 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Light colored desk in front of window and under skylight. 1132 [empty string] [empty string] [empty string] 18 [empty string] [empty string] [empty string] 22
19 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Closet with drawers open and mirror on left wall. 1130 [empty string] [empty string] [empty string] 19 [empty string] [empty string] [empty string] 22
20 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Closet with shelving on right wall and mirror on left. 1129 [empty string] [empty string] [empty string] 20 [empty string] [empty string] [empty string] 22
21 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Dual brown glass sinks with green countertops and stairs on the left. 1125 [empty string] [empty string] [empty string] 21 [empty string] [empty string] [empty string] 22
22 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Long room with dual sinks on left and tub on the right. 1134 [empty string] [empty string] [empty string] 22 [empty string] [empty string] [empty string] 22
23 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Green tile on shower walls with glass doors. 1135 [empty string] [empty string] [empty string] 23 [empty string] [empty string] [empty string] 22
24 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Dual brown glass sinks in front of mirror. 1128 [empty string] [empty string] [empty string] 24 [empty string] [empty string] [empty string] 22
25 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Matching brown glass sinks with silver hardware. 1127 [empty string] [empty string] [empty string] 25 [empty string] [empty string] [empty string] 22
26 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Hallway leading to stairs with under lighting. 1172 [empty string] [empty string] [empty string] 26 [empty string] [empty string] [empty string] 22
27 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Mirrored cabins leading to ensuite bathrooms. 1171 [empty string] [empty string] [empty string] 27 [empty string] [empty string] [empty string] 22
28 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Bed in center of room with gray bedspread and light surroundings. 1124 [empty string] [empty string] [empty string] 28 [empty string] [empty string] [empty string] 22
29 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Bedroom leading to light cabinets below white sink in ensuite. 1122 [empty string] [empty string] [empty string] 29 [empty string] [empty string] [empty string] 22
30 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Light wood walls surrounding white sink and towel with Horizon logo. 1123 [empty string] [empty string] [empty string] 30 [empty string] [empty string] [empty string] 22
31 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Blue bed facing television on mirrored wall. 1117 [empty string] [empty string] [empty string] 31 [empty string] [empty string] [empty string] 22
32 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Blue bed in front of light colored closet. 1116 [empty string] [empty string] [empty string] 32 [empty string] [empty string] [empty string] 22
33 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] White sink on light colored cabinets. 1118 [empty string] [empty string] [empty string] 33 [empty string] [empty string] [empty string] 22
34 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Mirrored cabins with purple and orange twin beds. 1170 [empty string] [empty string] [empty string] 34 [empty string] [empty string] [empty string] 22
35 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Twin beds with purple bedspreads and pillows. 1121 [empty string] [empty string] [empty string] 35 [empty string] [empty string] [empty string] 22
36 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Silver hardware in shower with shower head on ceiling. 1120 [empty string] [empty string] [empty string] 36 [empty string] [empty string] [empty string] 22
37 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Light wood desk next to open door leading to ensuite. 1119 [empty string] [empty string] [empty string] 37 [empty string] [empty string] [empty string] 22
38 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Twin beds with orange bedspreads and pillows. 1115 [empty string] [empty string] [empty string] 38 [empty string] [empty string] [empty string] 22
39 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Toilet and sink in front of light wood walls. 1114 [empty string] [empty string] [empty string] 39 [empty string] [empty string] [empty string] 22
40 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Crew galley with light wood and white fridge. 1113 [empty string] [empty string] [empty string] 40 [empty string] [empty string] [empty string] 22
41 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Light wood cabinets in front of gray bench seat. 1112 [empty string] [empty string] [empty string] 41 [empty string] [empty string] [empty string] 22
42 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Day head with light wood cabinets and white toilet. 1111 [empty string] [empty string] [empty string] 42 [empty string] [empty string] [empty string] 22
43 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Light wood twin beds with gray comforters. 1110 [empty string] [empty string] [empty string] 43 [empty string] [empty string] [empty string] 22
44 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] yes [empty string] Light wood cabinet with white sink and silver hardware. 1109 [empty string] [empty string] [empty string] 44 [empty string] [empty string] [empty string] 22
45 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Light wood walls surrounding gray bed. 1108 [empty string] [empty string] [empty string] 45 [empty string] [empty string] [empty string] 22
46 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] View from tender inside beach club facing crew galley. 1149 [empty string] [empty string] [empty string] 46 [empty string] [empty string] [empty string] 22
47 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Tender in beach club in front of galley. 1148 [empty string] [empty string] [empty string] 47 [empty string] [empty string] [empty string] 22
48 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Tender on right with galley on the left. 1147 [empty string] [empty string] [empty string] 48 [empty string] [empty string] [empty string] 22
49 RP120 120’ 99' 4 25 6’ 7 jpg [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] [empty string] no [empty string] Engine room with white walkway. 1169 [empty string] [empty string] [empty string] 49 [empty string] [empty string] [empty string] 22

RP120

The Horizon RP120 superyacht unites the two most desirable traits in the world of superyachts: luxurious living spaces and extraordinary cruising capabilities. Her sleek exterior profile from designer J.C. Espinosa is built atop Horizon’s proven low resistance hull platform, which ensures superior seakeeping and comfort when underway. Thanks to her generous 26 feet (7.6M) beam and well-appointed accommodations, the RP120 offers voluminous living spaces and owners can choose an on-deck master or situate all staterooms below deck - the layout options are only restricted by your imagination. With a numerous indoor and outdoor amenities and superior performance, the RP120 will provide an unforgettable yachting experience wherever your cruises may take you.

RP120 Yacht

Specifications

L.O.A 120’ 36.58 meters
L.W.L 99' 4 30.28 meters
Beam 25 7.62 meters
Draft 6’ 7 2.01 meters
Displacement * 156 t 343,920 lbs
Fuel Tank 7,000 gal 26,000 ltrs
Water Tank 800 gal 3,000 ltrs
Engines Twin CAT C32A 1800HP
Generators 2 x ONAN 65kW (50Hz or 60Hz)

RP120 Yacht

LAYOUTS click to enlarge

RP120 Yacht

**Optional items may be shown in the layout that are not included in the base price**

RP120 Yacht

360 VIRTUAL TOUR

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  • 1201 U.S. Highway 1, Suite 1, North Palm Beach, FL 33408
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For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

Explore luxury yachts for sale

Search for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport .

Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale .

Yacht Features

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  • Total Expenses =
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Advanced functionality coming soon.

Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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The U.S. just seized a $120 million yacht owned by oligarch with close ties to Putin

The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin’s invasion of Ukraine and targeting pricey assets of Russian elites.

Spain’s Civil Guard and U.S. federal agents descended on the Tango at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands in the Mediterranean Sea . Associated Press reporters at the scene saw police going in and out of the boat.

The U.S. Justice Department, which obtained a warrant from a federal judge in Washington,  alleges the yacht should be forfeited for violating U.S. bank fraud, money laundering and sanctions statutes.

Superyachtfan.com, a specialized website that tracks the world’s largest and most exclusive recreational boats,  values the 78-meter vessel, which carries the Cook Islands flag, at $120 million.

The yacht is among the assets linked to  Viktor Vekselberg , a billionaire and close Putin ally who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents.

All of Vekselberg’s assets in the United States are frozen and American companies are barred from doing business with him and his entities. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Prosecutors allege Vekselberg bought the Tango in 2011 and has owned it since then, though they believe he has used shell companies to try to obfuscate his ownership and to avoid financial oversight.

They contend Vekselberg and those working for him continued to make payments using U.S. banks to support and maintain the yacht, even after  sanctions were imposed on him in 2018.  Those payments included a stay in December 2020 at a luxury water villa resort in the Maldives and fees to moor the yacht.

It’s the first U.S. seizure of an oligarch’s yacht since U.S. Attorney General Merrick Garland and U.S. Treasury Secretary Janet Yellen assembled a task force known as REPO—short for Russian Elites, Proxies and Oligarchs—as an effort to enforce sanctions after Russia invaded Ukraine in late February.

“It will not be the last.” Garland said in a statement. “Together, with our international partners, we will do everything possible to hold accountable any individual whose criminal acts enable the Russian government to continue its unjust war.”

Vekselberg has long had ties to the U.S., including a green card he once held and homes in New York and Connecticut. He was also questioned in special counsel Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in that investigation after the lawyer for adult film star Stormy Daniels released a memo that claimed $500,000 in hush money was routed through Columbus Nova to a shell company set up by Donald Trump’s personal attorney, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump’s inner circle and high-level Russians during Trump’s 2016 campaign and the transition before his presidency.

The 64-year-old Vekselberg founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia’s biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

The yacht sails under the Cook Islands flag and is owned by a company registered in the British Virgin Islands administered by different societies in Panama, the Civil Guard said, “following a complicated financial and societal web to conceal its truthful ownership.”

Agents confiscated documents and computers inside the yacht that will be analyzed to confirm he real identity of the owner, it said.

The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture, which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, the U.S. Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

The White House has said that many allied countries, including German, the United Kingdom, France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions.  In his State of the Union address  on March 1, President Joe Biden warned oligarchs that the U.S. and European allies would “find and seize your yachts, your luxury apartments, your private jets.”

“We are coming for your ill-begotten gains,” he said.

Monday’s capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch’s superyacht. Officials said they had seized a vessel valued at over $140 million owned by the CEO of a state-owned defense conglomerate and a close Putin ally.

French authorities have seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

Italy has seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht Lena  belonging to Gennady Timchenko , an oligarch close to Putin, in the port of San Remo; the 65-meter (215-foot) Lady M owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

—Parra reported from Madrid and Balsamo reported from Washington.

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