British government indicted for seizing Dutch superyacht Phi

The Dutch superyacht Phi is a luxury yacht designed and built by Royal Huisman, a renowned yacht builder in the Netherlands. Last year, the pleasure ship, like so many others, was confiscated. The yacht would be owned by the Russian oligarch with close ties to the Kremlin.

Russian millionaire loses his yacht to British government

Before being chained up and examined, the yacht floated along the quayside of Canary Wharf in the British capital of London. Immediately after the action, Transport Secretary Grant Shapps said the ship “is not going anywhere” for now: “It is a clear and stark warning to Putin and his cronies.”

According to the British Financial Times, the yacht would be owned through a shady construction of shell companies by Vitaly Vasilievich Kochetkov, founder of telecom provider Motiv Telecom. His yacht was delivered by Royal Huisman in 2021 and seized again a year later.

Superyacht Phi

Phi during the launch in 2021

But he won’t let that happen easily. After an earlier attempt to recover his property failed, the British government has now been taken to court. Admittedly by the three anonymous plaintiffs. Boat International writes that the claimants also include the ship’s registered owner, a Russian citizen who is not on any UK or EU sanctions list.

Through the lawsuits filed, they hope that the government decides to annul the sanctions decision.” They are also seeking compensation. “Everyone agrees that at that hearing the court should consider whether the decisions of March 28, April 11, 2022 and January 3, 2023 were lawful and, if not, whether they should be overturned,” one of the documents reads.

Characteristics of superyacht Phi

It makes sense that the Russian will return his superyacht. The superyacht Phi, delivered in 2021, is an example of high-quality Dutch yacht building and offers an unparalleled experience for those who want to experience the luxury and comfort during journeys at sea.

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