The oligarch is accused of violating sanctions, laundering money, and evading $553 million in taxes in Germany.
Artnet News,
German authorities have confiscated 30 paintings allegedly owned by the sanctioned Russian oligarch Alisher Usmanov.
The collection of canvases, which includes at least one piece by Marc Chagall, is estimated to be worth upwards of €5 million ($4.9 million), according to the German newspaper Süddeutsche Zeitung, which first reported the news.
Until recently, the artworks were housed on Dilbar, Usmanov’s $600 million superyacht. But last year, when the 511-foot-long vessel—thought to be the largest of its kind in the world—was docked in Hamburg for repairs, the paintings were moved to a storage facility.
In late February, following Russia’s invasion of Ukraine, the European Union imposed sanctions on the 69-year-old billionaire over his close ties to Russian President Vladimir Putin. Usmanov was banned from traveling in the E.U. and his European assets were frozen. (The U.S. similarly imposed sanctions on Usmanov less than a week later.)
German authorities seized the oligarch’s yacht in March. At the time, German law required Usmanov to declare all his assets in the country, including artwork, but authorities said that he failed to do so.
The worlds biggest yacht, the Dilbar, owned by Alisher Usmanov, sails on day five of the Monte Carlo Rolex Masters on April 20, 2017 in Monte-Carlo, Monaco. Photo: Clive Brunskill/Getty Images.
In September, German prosecutors announced that Dilbar had been searched as part of an investigation into whether Usmanov had violated the E.U. sanctions, evaded at least €555 million ($553 million) in German taxes, and carried out millions of euros worth of financial transactions between 2017 and 2022 to conceal criminal activity.
Usmanov denied having any connection to the yacht, claiming that the actions of German police and prosecutors’ investigation were “examples of blatant lawlessness under the guise of the sanctions law.”
That same month, German officers searched dozens of properties connected to Usmanov, discovering four rare Faberge eggs in the process. 
“The allegations of complaints from banks regarding suspected money laundering have also been part of this campaign of lies and misinformation,” a statement from the oligarch’s office said at the time. 
Usmanov, who is now believed to be living in Uzbekistan, owns an estimated $11.5 billion worth of assets, making him one of the 200 richest people in the world.
In 2007, Usmanov halted a Sotheby’s sale of Russian art the night before the event was set to take place and purchased the entire collection for £25 million himself. He then donated it to one of Putin’s palaces.

By Taylor Dafoe
By Sarah Cascone
By Eileen Kinsella
By Vittoria Benzine
By Richard Whiddington
©2022 Artnet Worldwide Corporation. All Rights Reserved. ';

// Add animation css

if (generalSettings.loadFontAwesome) {

// Check if ouibounce exist before calling ouibounce
var initOuibounce = setInterval(function() {
if (typeof ouibounce !== 'undefined') {

var $modal = $('#ouibounce-modal');
SignupForm.init($modal.find('form'), function onSuccess() {
//hide form fields and show thank-you message

setNewsletterCookie('signedUp', 1);

//after successful signup, hide the signup bar after 5 seconds
setTimeout(function() {
}, 5000);

// Handler for close signup button
$('body').on( 'click', '.close-signup', function(){
setNewsletterCookie('closedSignupBar', 1);

ouibounceAPIaccess = ouibounce(
$modal[0], {
aggressive: true,
sensitivity: 50,
callback: function() {

}, 100);

function slideInModal(upOrDown) {
.removeClass('slideOutDown slideOutUp')
.addClass( 'slideIn' + upOrDown );

setNewsletterCookie('recentlyShown', 1);

function setNewsletterCookie(cookieName, value) {
var settings = cookieSettings[cookieName];
var expirationMinutes = settings.expiration_minutes;
if (!expirationMinutes) {
expirationMinutes = daysToMinutes(settings.expiration_days);
setCookie(cookieName, value, expirationMinutes);

function daysToMinutes(numDays) {
return numDays * 24 * 60;

* Generic setCookie() method, used by setNewsletterCookie().
* There is probably no need to call this directly - use setNewsletterCookie().
function setCookie(cname, cvalue, expMinutes, prefix) {
//default prefix is 'artnet_newsletter_'
if (prefix == undefined) {
prefix = 'artnet_newsletter_';
var d = new Date();
d.setTime(d.getTime() + (expMinutes*60*1000));
var expires = "expires="+d.toUTCString();

//console.log(prefix + cname + "=" + cvalue + ";" + expires + ";path=/");
document.cookie = prefix + cname + "=" + cvalue + ";" + expires + ";path=/";

function getCookie(cname, prefix) {
//default prefix is 'artnet_newsletter_'
if (prefix == undefined) {
prefix = 'artnet_newsletter_';
var name = prefix + cname + "=";
var ca = document.cookie.split(';');
for(var i = 0; i
You are currently logged into this Artnet News Pro account on another device. Please log off from any other devices, and then reload this page continue. To find out if you are eligible for an Artnet News Pro group subscription, please contact [email protected]. Standard subscriptions can be purchased on the subscription page.
Log In


Shop Sephari

Leave a Reply