UK seizes first superyacht in British waterson March 29, 2022 at 11:44 am

The UK has ordered its first ever detention of a superyacht in British waters, the government says.

It said the £38m yacht, named Phi, is owned by an unnamed Russian businessman, but that its ownership is “deliberately well hidden”.

The transport secretary said the move was “a clear and stark warning to Putin and his cronies”.

The UK has already introduced a raft of sanctions against Russia following its invasion of Ukraine.