Forbes reported that Germany seized the mega-yacht of Russian billionaire Alisher Usmanov.
The first yacht to be seized since Russia launched its attack on Ukraine was docked in Germany for months for a refitting.
The largest motor yacht in the world is Dilbar, a 512-foot yacht that weighs 15,917 tons.
It took 52 months to build the $600 million yacht that was bought by Usmanov, according to Forbes.
The State Department could not confirm if the yacht was seized. The Federal Foreign Office did not respond to the request for comment.
Many countries, including the US and the European Union, have implemented sanctions against Russia in an effort to end the country.
According to the Guardian, the European Union imposed sanctions on Usmanov. He stepped down as President of the International Fencing Federation after the European Union imposed sanctions against him.
The reasons for the sanctions are a set of false and defamatory allegations that damage my honor, dignity, and business reputation, according to a statement on the company's website.
The President of the International Fencing Federation suspended his duties until justice is restored.
The oligarch has supported Putin in the past, but he has not commented on the current attack on Ukraine.
I am proud that I know Putin, and the fact that everybody doesn't like him is not Putin's problem, he told Forbes in a 2010 interview.