Spain has seized a Russian billionaire’s $140 million superyacht in Barcelona, the country’s Prime Minister announced on Monday.

"Today we seized – the technical term is provisionally immobilised – a yacht belonging to one of the principal oligarchs," Spanish Prime Minister Pedro Sanchez said on television. "We are talking about a yacht that we estimate is worth $140 million."

He also said more such superyachts belonging to Russian oligarch’s will be seized in the coming days.

Monitoring site Marine Traffic has said that yachts linked to two other oligarchs who are not yet sanctioned are also docked in Barcelona.

The 85-metre superyacht Valerie belongs to Sergei Chemezov, a former KGB officer who heads state conglomerate Rostec, according to a Reuters report. 

The vessel is registered in the name of Chemezov's stepdaughter, Anastasia Ignatova, through a British Virgin Islands company.

The yacht has been in Barcelona since Feb 9, according to Marine Traffic, and was until Monday under repair at a shipyard in Barcelona.

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