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Inside Lürssen’s 85m superyacht Valerie

BOAT International lifts the lid on board the 85m Lürssen superyacht Valerie, famously chartered by Jennifer Lopez and Ben Affleck. 

When she was delivered in 2011, the 85.1 metre Valerie was one the four largest yachts built that year. And yet in spite of her size, very little was known of the new Lürssen , formerly known as project Firebird, other than the name of her exterior designer, Espen Øino International , and interior designer, Reymond Langton International .

Now her owners have allowed the broker tasked with finding a buyer for the yacht they’ve enjoyed for nearly 10 years to share pictures of her amazing interior features.

“ Valerie has a timeless design and is in turn-key condition. Forward-thinking throughout the project, the build process and various refits means that even nine years after her launch she ticks all the boxes demanded by today’s owners,” says Dynamiq Sales & Charter ’s broker Maria Dobroserdova, who attributes the yacht’s remarkable appearance to a stable crew and regular upkeep.

The yacht has always been used privately, travelling mostly through the Mediterranean except for a season in the Caribbean in 2012.

Discretion and privacy are at the very heart of her flowing exterior design, which conceals her impressive volume, shields guest spaces from onlookers and hides all technical areas. “ Valerie is still considered by many one of the most beautiful boats we have done with Lürssen,” says Espen Øino.

Long overhangs provide shade and privacy as well as accentuate long lines. At night, 39 underwater lights combine with deck lighting to underscore the yacht’s curvaceous design.

Her volume of 2,755 gross tonnes is distributed among six decks culminating with a multifunctional sun deck topped by an enveloping structure that holds the mast and domes.

This structure creates a cocoon for a central bar. Just forward of the bar is a six metre pool and a Jacuzzi. It is one of five outstanding exterior spaces.

From up there, views are amazing. “You have a really low sill and all the railings are glass,” says Dietrich Kirchner, the project manager that handled the construction at Lürssen. She was among the first yachts built to use glass for railings and a trendsetter in this area.

As a bonus the sundeck is connected to the wellness area just one deck below via exterior stairs and a lift clad in leather. The panoramic gym equipped with Technogym equipment opens onto an outdoor space with room for dining and a fountain that lights up at night. Back inside is a cosy room for massage and beauty treatments. Rounding up the theme of wellness are the steam room and the Hamman, finished with mosaics in soothing natural colours.

“Details reveal themselves as you walk around the yacht,” says interior designer Pascale Reymond who compares the interior to a beautiful jewellery box.

The London-based designed firm drew inspiration in part from the iconic Claridge’s of London and incorporated Art Deco motifs throughout. Although, just like the style itself, the decor relies on strong contrast between light and dark, the overall feel is sunny.

“It’s not heavy art décor, we wanted to keep the interior airy and light,” she says, “We used a lot of light timber such as fiddle back sycamore and macassar ebony for contrast.” Among the stones used, crema marfil, travertine and antique brown granite, is a rare white onyx.

The main deck is designed for hosting. A deco-style hand-carved bas-relief finished in silver by DKT Artworks covers a TV screen in the formal dining room while doors on both sides are decorated with skyscrapers made from walnut, macassar ebony and honey sycamore wood and metal inlays. In the lounge, the centrepiece is a Schimmel Pegasus Piano designed by Luigi Colani, a stunning musical instrument with an ergonomic curved keyboard, hydraulically operated top and crystalline sound.

The upper deck is a palatial owner’s apartment with light-filled upper saloon that works as a lounge and cinema and several cabins. A panoramic bedroom enjoys a private deck with Jacuzzi and breakfast corner. Two more cabins are perfect for children and a nanny. This owner’s apartment is connected via a private staircase to a second master suite on the main deck.

With three more guest suites are on the main deck and two on the lower deck, Valerie has a total of nine cabins. In private mode the yacht accommodates 17 guests who are catered to by a crew of 27.

“The layout is very well balanced between owners and guests and crew circulation,” says Kirchner, who despite having worked on a series of complex projects at Lürssen since remembers Valerie well.

Technically speaking, Valerie was one of the first to be fitted with at rest stabilization, two Quantum fin stabilizers.

At the heart of the yacht, which was built to Lloyd’s LY2, is a two-level engine room. Two recently overhauled 2000kW MTU 16V4000 engines allow Valerie to reach a top speed of 17 knots. She cruises comfortably at 12 knots, a speed that gives her a range of 6,000 nautical miles.

For shore excursions, she carries two custom-built 10 metre Royal Denship tenders, one a limo, the other a landing craft. There is also the option to land a helicopter. The foredeck is a clean open space that has enough room for an Airbus H30 helicopter or similar to land.

From the time she was designed in 2007 to her delivery in 2011, it took four years to create Valerie , which is typical of a yacht of this magnitude. But there is no wait now. Valerie , for sale and charter exclusively via Dynamiq Sales & Charter , is ready for her next adventure immediately.

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VALERIE Specifications

Lurssen VALERIE Built by Moran Yacht & Ship

Motor yacht VALERIE is an impressive 279′ (85.1m) in length, spans 4 decks and was built in steel and aluminum. She was built under the supervision of the Moran Yacht & Ship construction team and was launched in 2011.

The Lurssen built superyacht was designed by the well-regarded yacht designer Espen Oeino of Monaco. Her interior design has been created by Reymond Langton Design Limited of the United Kingdom. The Lurssen Valerie yacht  has twin Caterpillar diesel engines.

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VALERIE Yacht – Incredible €110M Superyacht

VALERIE yacht is an incredible 85m(278,9 ft) Superyacht currently for sale at €110,000,000. She was launched in 2011 by renowned shipbuilders Lürssen from their shipyard in Germany.

Her exterior design is from Espen Oeino and has an interior design from Reymond Langton Design.

She can accommodate 17 guests in nine cabins and 27 crew members. She was a landmark build for Lürssen at the time of her construction.

VALERIE yacht interior

The interior of VALERIE is detail orientated as if walking through a jewelry box, with something new to discover on every deck.

There is accommodation for 17 guests in nine cabins and 27 crew members across the six decks.

The designer, Reymond Langton Design in Bath, England, executed the yacht’s design to reflect an overall light and sunny feel with the use of walnut Macassar ebony, honey sycamore wood, and metal inlays.

There is a cozy room for massage and beauty treatments, an outdoor dining area with a lit-up fountain, and a panoramic gym with techno equipment.

The yacht’s interior reflects an excellent balance between the space for the owners, guests, and crew circulation. VALERIE also boasts a jacuzzi, a six-meter pool, and a multifunction sundeck.

The VALERIE yacht’s flowing exterior design allows for discretion and privacy for the guests, hiding the technical areas and the impressive volume of the yacht.

She has been called one of the most beautiful boats built by Lürssen . She is contracted with a steel hull and an aluminum superstructure.

The steel hull is lit up with 39 underwater lights at night. The bow and mast of the yacht give her a powerful look and feel.

Espen Oeino is the impressive designer of the exterior that was a trendsetter at the time of its build with the glass side paneling.

Specifications

The VALERIE yacht is outfitted with two 2000kW MTU 16V4000 engines that provide a cruising speed of 12,5kn and a top speed of 17kn.

She can cover 6000nm and displaces 2755GT. She has a length of 85m(278,9 ft), a draft of 3.8m(12.5 ft). She has two Quantum fin stabilizers that provide the ultimate comfort while on the water for guests.

Her engine room is in the heart of the deck and occupies two levels. She follows a Lloyds LY2 specification. VALERIE is ranked at number 134 and is the 36th largest globally.

She carries several recreational toys, including 2 10m(32.8 ft) custom Royal Denship tenders, a limo, and other landing craft.

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(ex Valerie)

Delivered in 2011, 85-metre MERIDIAN A (ex VALERIE) gracefully sails the seas with her angel wings on the sun deck, designed by Espen Øino. The 14-metre beam and six decks provide an abundance of choice of spaces for relaxing and entertaining, both indoors and outdoors, all designed with discretion and privacy in mind. The interior is light and airy and inspired by Art Deco, a bespoke design by Reymond Langton. Forward-thinking during build and refits makes MERIDIAN A a timeless yacht.

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Boat of the Week: Inside the Gorgeous 280-Foot Superyacht Jennifer Lopez and Ben Affleck Just Made Famous

The couple made global news after reuniting aboard this $130 million superyacht. a look inside their private retreat., howard walker, howard walker's most recent stories.

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The tabloids have been on fire this week with revelations that superstar Jennifer Lopez has been celebrating her 52nd birthday in style, cruising the Mediterranean with on-again beau, actor Ben Affleck, aboard a stunning superyacht. J.Lo’s Instagram photos show the reunited Bennifer in top form.

The power couple has also been snapped hanging out in tony Saint-Tropez, enjoying retail therapy in Monaco and strolling the romantic island of Capri, all from their private getaway, the 280-foot Lürssen-built Valerie .

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Until now, little has been known about the 280-foot superyacht. But after 10 years of being the private retreat of a Ukrainian billionaire, Valerie is now on the market for about $130 million, or €110 million.

View this post on Instagram A post shared by Jennifer Lopez (@jlo)

Until a buyer is found, it’s available for rent through Monaco-based Dynamiq Sales & Charter–which is also handling the sale–at a whopping $1.12 million a week. J.Lo is believed to have been the first to have booked.

The superyacht’s sleek, timeless lines are from the drawing board of Norwegian naval starchitect Espen Øino. He’s responsible for such superyacht icons as the 426-foot Flying Fox , the late Paul Allen’s 413-foot Octopus , and soon to be the world’s largest superyacht, the 600-foot REV Ocean.

“ Valerie is still considered by many to be one of the most beautiful boats we have done with Lürssen,” Monaco-based Øino told Robb Report.

The upper pool gives a protected–and paparazzi-proof–area for guests to lounge.  Courtesy Dynamiq/YachtShot

With an impressive volume of 2,755 gross tonnes, the yacht has no shortage of interior space, with accommodations for 17 guests in nine cabins, including a truly hedonistic master suite. When Lopez and Affleck were aboard, they were pampered by Valerie’s crew of 27.

One of the multitude of design highlights of the yacht is its huge, private upper deck. Up top, there’s a 20-foot swimming pool, the inevitable hot tub, and a football field of lounge pads.

Steps away, protected from prying eyes and paparazzi lenses by towering sides, is a dining table for 10, complete with musical fountains that light up at night.

Art-deco styling defines Valerie ‘s interior.  Courtesy Dynamiq/YachtShot

For additional sunning and dipping, Valerie’s vast forward deck, with a touch-and-go helipad big enough to land a Eurocopter EC130 or Bell 407, has another pool and a semi-circle of sunpads. The deck can also double as a golf driving range.

The sumptuous interior is the work of London-based designers Pascale Reymond and Andrew Langton, of Reymond Langton Design. They specified 7.5-foot-high ceilings and walls of full-height windows to provide full-on sea views.

The living areas have a formal, Art Deco look and feel, which contrast with the more-relaxed outdoor spaces. The fine detailing inside includes soft leather wall panels—even the elevator is leather-lined—wood flooring incorporating an intricate inlay, and the pièce de résistance: real butterflies set into brass detailing.

Who needs a formal dining room inside when there’s a dining table for 14—with mirrored surface—in a protected area of the cockpit.  Courtesy Dynamiq/YachtShot

An equally jaw-dropping feature of the lounge is the floating Schimmel Pegasus grand piano, originally conceived by the eccentric German industrial designer Luigi Colani. The instrument costs around $100,000.

One other headline feature, especially for the fitness-focused Lopez, is Valerie’s wellness suite. It comes with a steam room and Hamman, and state-of-the-art Italian-made Technogym fitness equipment. After a hard workout, close by is a starlight-ceilinged massage room and beauty salon.

Instead of a stuffy formal dining room inside, the owner specified an alfresco dining area on the main deck just outside the salon. There’s seating for 14 around the inlaid, mirror-varnished oval table, with panoramic views over the aft deck.

The beach club, with stairs that lead into the water.   Courtesy Dynamiq/YachtShot

To make sure the yacht can sprint from Monaco to Capri in time for sunrise, the steel-hulled Valerie is powered by twin 2,700 hp MTU V-16 engines sitting in a cavernous, double-height engine room. They deliver a top speed of 20 mph, though cruising at a more relaxed 14 mph, she has an easy transatlantic range of 6,000 nautical miles.

With a major refit in 2019 that saw fresh, bright-white hull paint and a comprehensive systems overhaul, plus a 10-year Lloyds survey completed in May this year, Valerie is reckoned to be as good as new.

“This is a rare opportunity for someone to acquire one of the most impressive and impeccably maintained superyachts on the market, without waiting years for a new construction,” Maria Dobroserdova, Dynamiq Sales & Charter broker tells Robb Report .

A massage room in the yacht’s wellness center.  Courtesy Dynamiq/YachtShot

By the end of this week, maybe J.Lo and Ben might end-up loving the yacht so much they’ll write a check.

Check out more images of the beautiful Valerie below:

Courtesy Dynamiq/YachtShot

Courtesy Courtesy Dynamiq/YachtShot

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Valerie's Interior Revealed for the First Time Ever

By Anna Solomon

Enigmatic 85.10m superyacht Valerie has been shrouded in mystery since her announcement for sale earlier this year. In a brand new video from Central Agents IYC , however, the public are able to get a glimpse into the world of this luxury Top 100 superyacht. Even more excitingly, the iconic boat is rumoured to be on show in the flesh at this year’s Monaco Yacht Show.

Valerie represents the apex of the industry, featuring stunning exterior styling by Espen Øino and the uncompromising quality of build that Lurssen is famous for. Up until now, we could only assume that her interiors match the caliber of her silhouette; now, we can know for sure.

Often, the difference between a good yacht and a great one is in the details, and Valerie’s intricacies are exquisite, reports Sales Agent Richard Gray:  “Spending time onboard, you begin to realize the time, effort and detail that has gone into building such a timeless masterpiece. Both the interior and exterior are full of details that continue to surprise you.”

The newly released video shows a stunning art deco-inspired interior designed by Reymond Langton. However, it doesn't quite reveal the interior in all of its glory... Only snippets showing decadent details and complex textures are exposed in the minute-long piece, which makes this video just a teaser for the real thing: saved only for the eyes of those lucky enough to see her in person.

But what is known is that each of Valerie’s six decks tells its own unique story. 14 guests are accommodated across seven cabins with an additional nursery and staff cabin on the upper and lower decks, whilst a huge sundeck harbours a 20-foot swimming pool and hot tub. Elsewhere, a helicopter deck houses a commercially compliant aircraft, and a garage bursts at the seams with tenders and toys including a Royal Limo Tender and a Royal Beach Landing Tender. Finally, the beach club and swimming platform bridge the gap between this floating mansion and the ocean.

Helicopters and hammams aside, one of the most remarkable things about Valerie is the feeling of togetherness and family at its heart - difficult to achieve on a vessel of this size. IYC are considering all serious offers for this truly special yacht, which is newly located and available for inspection in Vilanova Grand Marina, and perhaps too, the Monco Yacht Show. Watch this space!

"Spending time onboard, you begin to realize the time, effort and detail that has gone into building such a timeless masterpiece." Richard Gray, Valerie Sales Agent

"Spending time onboard, you begin to realize the time, effort and detail that has gone into building such a timeless masterpiece."

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Charter fleet welcomes 85m Lurssen yacht VALERIE to its ranks

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By Nina Done   27 July 2021

Fresh from her impromptu charter playing host to Hollywood stars J Lo and Ben Affleck, the 85/279ft motor yacht VALERIE has marked her debut onto the charter market in spectacular fashion. She currently has an opening from 3-17 August for a luxury yacht charter around the Mediterranean, which given the current high demand is sure to be snapped up.

This impressive yacht's stunning Reymond Langton interiors with Art Deco-inspired touches showcase a luxurious yet modern feel. This is accentuated by the high ceilings and full-height windows that allow natural light to flood her interior spaces, creating a warm and inviting ambience to welcome guests as they step on board. 

She can easily accommodate 12 charter guests in her beautifully-styled suites, including an on-deck Master suite with private terrace and Jacuzzi, as well as 2 further VIP cabins. She also has an additional nursery and upper deck staff cabin, perfect for guests travelling with nannies or their security detail.

Onboard highlights include a vast top deck area, complete with a Jacuzzi, 6-metre swimming pool surrounded by an array of sumptuous sunpads, alfresco dining and shaded bar with TV screen, along with an exquisite musical fountain located a few steps down on her upper deck aft which can be illuminated at night for cosy gatherings. 

She also boasts a range of fabulous wellness facilities, including Hammam, massage, beauty salon and fully-equipped gym, as well as a comfortable waterside beach club with loungers and parasols, and convenient steps directly into the sea.

She also offers a range of luxurious travel options to ensure you arrive in true superyacht style, whether that's touching down on her commercially-certified helipad or being whisked over the waves in her fully-custom Limo tender, as you sip chilled champagne in the comfort of a luxurious sound-proofed interior cabin with state-of-the-art speakers.

Interested in booking a luxury yacht charter around the Mediterranean?

This region has played host to Hollywood glitterati for decades and it's clear to see why, from Michelin-starred restaurants, idyllic hilltop villages, lush secluded islands and miles of golden sand beaches, not to mention the centuries of history and culture that has shaped these destinations to create truly individual magical experiences for the senses wherever you go. 

To find out more about chartering in the region, check out our in-depth Mediterranean yacht charter guide for more information.

If you’d like to learn more about chartering M/Y VALERIE, please contact your yacht charter broker .

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Lürssen’s Valerie For Sale

• Updated: May 14, 2019

IYC has been appointed central agent for the sale of the 270-foot Lürssen Valerie , with an asking price of about $189.9 million. It’s reportedly the first time this yacht has ever been on the brokerage market.

Launched from the German shipyard in 2011, Valerie has exterior design by Espen Øeino and interiors from Reymond Langton Design. She accommodates 12 guests in six staterooms, with an additional guest-quality staff cabin on the upper deck.

An elevator services all decks, and there’s a helideck along with a nearly 20-foot-long pool and hot tub. A spa, beauty salon and gymnasium are also on board.

With twin MTU 16V 4000 engines, Valerie has a reported cruising speed of 12.5 knots, and a maximum speed of 17 knots. IYC lists her range at 6,000 nautical miles.

Included in the deal: The asking price includes an on-order 33-foot Xtender and 33-foot Pascoe limousine tender, both of which will be model year 2019.

For more information, visit: iyc.com

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M/Y VALERIE 85m Super Yacht by Lürssen Yachts

• €110,000,000

M/Y VALERIE 85m Super Yacht by Lürssen Yachts Project Firebird was launched, completed summer 2011

Valerie was delivered in 2011 with her latest refit in 2019, and has had the same owner since new. Designers Reymond Langton have taken full advantage of her impressive volume of 2,755GT to create an expansive interior accommodating 12 guests in six cabins, with an additional guest-finished cabin for staff on the upper deck. Guest cabins consist of a master suite forward on the main deck, two VIP suites on the upper deck and three doubles on the main deck. All guest cabins come with entertainment centres, television screens and en suite bathroom facilities while the crew quarters sleep 22 staff aboard this yacht for sale.

Built in steel and aluminium by German yard Lurssen to a design by Espen Oeino and Lloyds classed, Valerie was delivered in 2011 with her latest refit in 2019

This is the same the team behind another successful Lürssen superyacht Kismet.

The Valerie yacht (ex Firebird) is flagged in the Cayman Islands and she has twin Caterpillar diesel engines.

VALERIE carries a 2010 10m Royal Tender Limo, a 2013 10m Royal Tender Landing Craft and a 6.33m Fassmer FRB RIR 6.25Y rescue boat.

VALERIE’s numerous assets include a large water toy collection. Her line-up includes two 2010 Yamaha FZR Waverunners, a SeaBob Cayago – F7, paddleboards, water skis, wakeboarding gear, scuba diving equipment, an airtable and more. With easy access to the water, via the beach club and swimming platform with steps that lead directly into the water, VALERIE is a yacht that allows guests to make the most of being on the ocean.

VALERIE’s meticulous engine room spans two levels and is an organised hub of the most advanced technological systems and equipment. Cruising comfortably at 12.5 knots, with maximum speeds of 17 knots and a transatlantic range of 6,000nm, VALERIE is powered by twin MTU 16V 4000 engines.

Making her public debut at the 2019 Monaco Yacht Show, Valerie is now asking €110,000,000.

Built by  Lurssen, 85-meter  Valerie boasts an impressive volume of 2,755GT spread over six decks and provides everything one could dream of having on a mega yacht. In charter mode, she accommodates up to  12 guests  in nine well-appointed cabins (with additional nursery and staff cabins on the upper and lower decks), and is served by  27 crew . With interior design by Reymond Langton giving Valerie the luxury and style expected in a yacht of this caliber. The  two master suites  are another signature feature of this iconic vessel. High ceilings of 2.3 metres and full-height windows provide unparalleled sea views throughout.

Valerie has a whole host of on-board amenities ranging from the  fully equipped Spa with hammam  to the heli-deck, as well as an expansive private top deck which holds a  6-metre swimming pool and jacuzzi , topped by  musical fountains  on the upper deck aft. Moreover, a starboard waterline guest boarding platform gives direct access to the lower deck and to the  elevator, which serves all decks . Two  10-meter Royal tenders  and an  extensive selection of toys , ranging from jet skis to offshore fishing equipment, add the finishing touches to this ultimate yacht.

Maintained by one owner and his crew since construction, she is a pedigree product and provides a rare opportunity to  be one of the first to charter  one of the most impressive and impeccably maintained  megayachts on the market today.

Name: Valerie Year: 2011 Exterior: Espen Oeino Interior Reymond Langton Design Country: n/a Top speed: 20 Cruise speed: 18 Listing ID: 1249

IMO: 1010624 Name: VALERIE Vessel Type – Generic: Pleasure Craft Vessel Type – Detailed: Yacht Status: Active MMSI: 375551000 Call Sign: J8Y4380 Flag: St Vincent Grenadines [VC] Gross Tonnage: 2595 Summer DWT: 325 t Length Overall x Breadth Extreme: 85.1 x 14.28 m Year Built: 2011 Home Port: KINGSTOWN

• Price: €110,000,000
• Property Type: Lürssen Yachts
• Property Status: For Sale

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Jennifer Lopez and Ben Affleck appear to have previously sailed on a recently seized $100 million superyacht linked to a Russian arms tycoon

• Valerie, a $100 million superyacht linked to a Russian arms tycoon, was seized by Spain on Monday.
• Jennifer Lopez and Ben Affleck appear to have sailed on Valerie in July.
• Valerie is linked to Sergei Chemezov, the CEO of Rostec, a Russian state-owned defense conglomerate.

Jennifer Lopez and Ben Affleck appear to have previously sailed on a recently seized $100 million superyacht linked to a Russian arms tycoon.

Spain said Monday it had seized the yacht, Valerie, in Barcelona , adding that it was owned by a prominent Russian oligarch. Reuters, citing two sources, later named the oligarch as Sergei Chemezov, the CEO of the Russian state-owned defense conglomerate Rostec and a close ally and former KGB colleague of Russian President Vladimir Putin.

Russian oligarchs and their luxury assets are a focus of Western sanctions on Russia since the country invaded Ukraine last month. Last week, President Joe Biden said in his State of the Union address that the US would seize assets from Russian oligarchs, including yachts, apartments, and private jets.

Lopez and Affleck chartered Valerie in the summer, the Daily Mail , Boat International , and other media outlets reported at the time. The couple's vacation became the subject of tabloid fodder, with outlets noting how they seemed to be reproducing imagery from Lopez's 2002 music video for "Jenny from the Block."

Photographs and a video posted by Lopez on her Instagram account in July show her and Affleck aboard a yacht at sea. Features of the yacht seen in these images match those found in promotional pictures for Valerie.

The 85-meter (279-foot) Valerie is listed for sale with Dynamiq , a yacht brokerage, with a price tag of 89 million euros ($98 million). The boat was originally listed with Dynamiq for 120 million euros.

The listing on Dynamiq's website says: "In mint condition with just one owner since delivery and never chartered, Valerie was built by Lürssen in 2011 and underwent an extensive refit in 2019."

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An article posted on Dynamiq's website dated July 15 said Valerie had been made available for charter for the first time, at a rate of 950,000 euros a week.

Lopez and Affleck appear to have used the yacht shortly after that date.

According to Dynamiq's listing, Valerie has a crew of 27, with space for 17 guests in nine "well-appointed" cabins and an additional nursery and staff cabin on the upper and lower decks.

The listing says: "There is no shortage of on-board amenities, from a fully-equipped spa with hammam to the heli-deck and expansive private sundeck with a 6m swimming pool. Moreover, an elevator serves all deck levels with additional waterline guest boarding access on the port side.

It adds: "Lürssen's legendary build quality is evident in every element of Valerie's design. She is a pedigree product and a rare opportunity to acquire one of the most impressive and impeccably maintained superyachts on the market today without waiting years for a new construction."

According to an October report by the Organized Crime and Corruption Reporting Project, which was based on the Pandora Papers leaks, Chemezov's stepdaughter Anastasia Ignatova owned Valerie through a British Virgin Islands company.

Spain's prime minister, upon announcing Monday that Valerie had been seized, said the yacht was worth 140 million euros.

In recent weeks, big yachts belonging to Russian billionaires have been seized by France  and  Italy .

Some oligarchs appear to be trying to evade sanctions by sending their yachts and jets to places like  Dubai, United Arab Emirates, and the Maldives , which do not have extradition treaties with the US.

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