US seizes €100m yacht in Mallorca owned by oligarch with close ties to Putin

Civil Guards stand by the yacht called Tango in Palma de Mallorca on Monday April 4 2022 (Francisco Ubilla/AP)

The US government has seized a mega-yacht owned by an oligarch with close ties to Russian President Vladimir Putin.

It is the first in the government’s sanctions enforcement initiative to “seize and freeze” giant boats and other pricey assets of Russian elites.