Spain Impounds $154 Million Russian-Owned Yacht in Barcelona

The Valerie superyacht moored in Barcelona, on March 1.Photographer: Angel Garcia/Bloomberg

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By Thomas Gualtieri

March 15, 2022 at 9:53 AM UTC

Updated on

March 15, 2022 at 10:43 AM UTC

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The Spanish government has taken control of a yacht linked to the top executive of a major Russian defense conglomerate, as authorities around Europe step up their campaign against sanctioned tycoons linked to President Vladimir Putin.