A new round of Russian sanctions was announced by the US Treasury.
The department alleges that Imperial Yachts has provided management services to at least one yacht linked to a Russian billionaire.
The designation comes a day after The New York Times published an investigation into the corporate benefactors of Russia's elite.
Imperial Yachts is a maritime service that handles everything from yacht financing to management, maintenance, and marketing.
According to the NYT report, the company is connected to superyachts linked to high-profile Russians. The three individuals are not allowed to travel to the United States.
An Imperial Yachts spokesman told Insider that the company has been targeted by many false accusations after unrelated events.
The accusations against us made by the U.S. Government and the press are not true. We will try to resolve this matter quickly.
Imperial Yachts is in full compliance with laws and regulations in all of the countries in which it operates. The statement said that they were not involved in clients' financial affairs.
According to court documents and emails obtained by the Times, the yachting company is not an overstatement.
Records of highly specific guest preferences, such as coffee in an Herms mug, dates and berry bowls prepared for every meal, and a babyccino with espresso and steamed milk, can be found in company documents.
The Imperial Yacht's largest yacht, "Flying Fox," was blocked by the sanctions. Multiple yachts with suspected links to Putin were targeted by the Treasury.
"Russia's elites, up to and including President Putin, rely on complex support networks to hide, move, and maintain their wealth and luxury assets," Brian Nelson said in a press release Thursday.
Treasury can and will go after those responsible for shielding and maintaining these ill-gotten interests.
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