UK seizes first superyacht in British waters
The £38m yacht, named Phi, is owned by an unnamed Russian businessman, but the government said its ownership is "deliberately well hidden".
Transport secretary Grant Shapps 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.
Phi was first identified as being potentially Russian-owned on 13 March, the government said.
It added that the company the ship is registered to is based in the islands of St Kitts and Nevis but it carried Maltese flags to hide its origins.
more:
http://www.bbc.com/news/business-60912754
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