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The US sanctions on Russia hurt Putin's wealthy allies.

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Alisher Usmanov, Dilbar superyacht
The US Treasury says the yacht's estimated worth is between $600 million and $735 million.Mikhail Svetlov/Getty Images, Sabri Kesen/Anadolu Agency via Getty Images
  • Reports said that the crew of the superyacht was fired on Monday.

  • Forbes reported that the company that staffed the boat said crew wages couldn't be paid because of sanctions.

  • His yacht is estimated to be worth between $600 million and $735 million.

The crew of the 512-foot superyacht was fired after Western sanctions prevented wages from being paid.

The crew of the $600 million Dilbar had to be dismissed after normal operation of the yacht ceased, according to an email to staff from the yacht-management company.

The West has imposed sanctions on Russia in order to pressure it to end the invasion of Ukraine. The West has imposed sanctions on Russian banks as well as on Russian elites, and they include the seizure of assets such as private jets and superyachts.

The European Union, UK, US, and Switzerland have all frozen his assets, barring him from entering their territory. The EU said that the Russian government supported the destabilization of Ukraine.

The UK government said that Usmanov is worth $18.4 billion. He is the founder of USM, which has interests in metals, mining, and telecoms. His largest holding is Metalloinvest. He was called one of Putin's favorite oligarchs by the European Union.

The US has declared Dilbar blocked property, which means that US staff can't work on the vessel and can't pay docking fees in US dollars.

Some of the companies supporting Dilbar's crew were unable to continue their normal lines of business because of the sanctions, according to Forbes. Forbes said that the crew of the ship would be paid by the boat's owner instead of the ship's salary.

We have tried all avenues to keep the team in place and protect our positions, but have reached the end of the road of possibilities, according to a message from the captain to the crew.

The US Treasury said Dilbar was worth between $600 million and $735 million, and that it cost $60 million per year to run.

It is the largest motor yacht in the world by gross tonnage and has its own swimming pool.

The ship usually had 96 crew members on board, according to Forbes, but the figure was put at 80 by Bloomberg.

In an email to the crew, Sarnia said that a small group of staff from LFC-rssen, which owns the shipyard where Dilbar has been docked for a refitting since October, would look after the safety and security of the ship.

On March 2, Forbes reported that the Dilbar had been seized by German authorities, but the next day it said the ship had not been seized. Dilbar wouldn't be able to leave the port until it received an export waiver from Germany's federal customs agency.

Lürssen didn't comment. The Ministry for Economy and Innovation of Sarnia Yachts did not respond to Insider's request for comment.

The original article is on Business Insider.

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