The captain of the yacht said the Russian owner was guilty by association of his passport only. Guy Booth, captain of the Phi, told Stuff that the owner of the yacht wasn't a billionaire. The $50 million was taken into custody by the UK government. The captain of a $50 million superyacht has hit out at blatant racism shown toward Russians who don't want to be linked to the Ukraine war. Guy Booth, captain of the 192-foot Phi, which has been linked to a Russian businessman, told New Zealand publication Stuff that the yacht's crew was 100% British and always has been, and they opposed Russia's invasion of Ukraine and Putin. Booth said that they do not condone the blatant racism shown towards those Russians that wish to not be associated with the conflict. Booth said the owner of the Phi was guilty by association of his passport only, and that they had never been connected with anyone who is. The West has been putting pressure on Russia to stop its invasion of Ukraine by confiscating their assets. On Tuesday, he was taken into custody by the UK in Canary Wharf. The UK's National Crime Agency declined to name the owner of the vessel, only saying that they were a Russian businessman who kept their ownership a secret. Grant Shapps referred to the owner of the yacht as a Russian billionaire. Booth told Stuff that the owner of the vessel wasn't an industrialist and that the use of the term put all the crew at an unnecessary risk of harm from those that are angry about the war. Anti-war activists have targeted some of the vessels owned by the oligarchs. A group of protesters in an inflatable dinghy tried to stop Roman Abramovich's $600 million superyacht from docking in Turkey. The owner of Phi was reported by the Financial Times. The UK has not imposed sanctions on Kochetkov, and he does not appear to be close to Putin. The UK banned all Russian-owned ships from its ports on March 1 and gave authorities the power to detain them. The National Crime Agency said that it was the first ever superyacht to be held in UK waters. According to Insider, officials told the staff that the yacht was owned, controlled, or operated by a person connected with Russia. Shapps said that by detaining Phi, authorities had turned an icon of Russia's power and wealth into a clear and stark warning to Putin and his cronies. After making its maiden voyage there from the Netherlands, Phi has been moored in Canary Wharf. The vessel is the property and responsibility of the owner, but can't leave the dock, according to an NCA spokesman. According to Booth, the Italian authorities inspected the ship on Thursday and requested comprehensive documents before telling the staff that everything appeared to be in order. The original article is on Business Insider. After Russia invaded Ukraine, European countries that had sanctions against Roman Abramovich were avoiding his yacht. The Malibu mansion is being rented by the Secret Service to protect Hunter Biden. Our online course will teach you to speak, read, and write Thai and Thai script. Nine years of teaching. The news: "We have such a victory it can be seen from the moon." The EU should ban Russian oil and coal this week, says France's Macron. They all wanted to sell the real estate and convert it to stock, but they had different approaches. Since my real estate holdings were medical office buildings, they were kicking out 14% a month before capital gains on the buildings, that made no sense to me. We got the above note from a reader, and it made us wonder why so many of the advisers he talked to wanted to turn real estate into stocks, and how to find the right adviser if you own a lot of real estate. You might be surprised by high interests savings accounts. 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It barely qualifies as a practice round. Russian President Vladimir Putin wanted to control Eastern Europe and NATO, according to a retired general. Compare mortgage lenders and explore multiple options. Roman Abramovich avoided US sanctions due to his role as a neutral facilitator of the Russia-Ukraine peace talks. In a quiet corner of the French Riviera, La Ciotat Shipyards said it is writing bills for mooring fees for the towering white superyacht Amore Vero, but it doesn't know who to send them to. Customs agents seized the 86-metre (282-ft) vessel as its crew prepared to sail out of harbour on the night of March 2, two days after the European Union added the head of Russian state oil company to its sanctions list. The yacht is owned by a company controlled by Sechin, one of the oldest allies of Putin. Russia has a reputation for producing world-class engineers and other technical specialists, but has been trying to counter the exodus of its best scientists for years. 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