Italy seizes $156 million in oligarch wealth, pressing Putin
2 years, 9 months ago

Italy seizes $156 million in oligarch wealth, pressing Putin

Associated Press  

MILAN — European governments are moving against Russian oligarchs to pressure Russian President Vladimir Putin to back down on his war in Ukraine, seizing superyachts and other luxury properties from billionaires on sanctions lists. “We must be able to stop Putin’s attack, bringing him to the table, and he won’t go with niceties,” Italian Foreign Minister Luigi Di Maio told Italian state TV on Friday, announcing Italy’s plans to begin the seizures of property belonging to oligarchs close to Putin. Italian financial police moved quickly seizing the superyacht “Lena” belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-meter “Lady M” owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials. Germany’s Economy Ministry said it was in the process of “swiftly and effectively implementing the Russia sanctions” but declined to say publicly which assets had been seized, if any.

Italy Russia Italian Long Putin Russian Vladimir Putin Yacht Seized Oligarch Wealth  seizes  russian  seized  yacht  yachts  million  long  italy  seizing  oligarchs  pressing  oligarch  wealth  assets  putin  156

History of this topic

Putin-linked elites, yachts, firms targeted for sanctions
2 years, 6 months ago

Putin-linked elites, yachts, firms targeted for sanctions

Associated Press  

WASHINGTON — The U.S. announced new sanctions Thursday on Russian oligarchs and elites, including some of the richest men in Europe and their families, as well as penalties targeting more Kremlin officials, businessmen linked to President Vladimir Putin and their yachts, aircraft and firms that manage them. “Russia’s elites, up to and including President Putin, rely on complex support networks …

Giant £570m superyacht ‘owned by Vladimir Putin’ is seized by Italian authorities
2 years, 7 months ago

Giant £570m superyacht ‘owned by Vladimir Putin’ is seized by Italian authorities

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Italian government has seized …

Italy seizes billion-dollar superyacht Scheherazade, reportedly linked to the Russian government
2 years, 7 months ago

Italy seizes billion-dollar superyacht Scheherazade, reportedly linked to the Russian government

ABC  

The Italian government says it has seized a luxury yacht worth almost a billion dollars, which is reportedly linked to the Russian government. Key points: The 140-metre superyacht has been rumoured to have links to Russia's President, but its actual owner isn't publicly known Italian authorities have seized the vessel, which they say is linked to "prominent elements of the …

Fiji seizes Russian oligarch’s $300m yacht at US request
2 years, 7 months ago

Fiji seizes Russian oligarch’s $300m yacht at US request

Al Jazeera  

US Justice Department task force has focused on seizing yachts and luxury assets owned by Russians following the invasion of Ukraine. Fijian authorities have seized a $300m yacht owned by Russian oligarch Suleiman Kerimov at the request of the United States, according to the US Justice Department. The US Treasury Department had previously designated Kerimov “as part of a group …

US seizes yacht owned by oligarch with close ties to Putin
2 years, 8 months ago

US seizes yacht owned by oligarch with close ties to Putin

Associated Press  

PALMA DE MALLORCA, Spain — The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin’s invasion of Ukraine and targeting pricey assets of Russian elites. The yacht is among the assets linked to Viktor Vekselberg, …

US seizes yacht docked in Spain and owned by Russian oligarch
2 years, 8 months ago

US seizes yacht docked in Spain and owned by Russian oligarch

Al Jazeera  

The United States says Viktor Vekselberg, a billionaire and close ally of Russian President Vladimir Putin, owns the mega-yacht Tango. Documents tied to the US investigation allege that Viktor Vekselberg bought the Tango in 2011 and used shell companies to hide his interest in the vessel, the Justice Department said. Vekselberg, a billionaire and close ally of Russian President Vladimir …

Is Mystery Yacht in Tuscany Russian President Vladimir Putin's Pleasure Boat?
2 years, 9 months ago

Is Mystery Yacht in Tuscany Russian President Vladimir Putin's Pleasure Boat?

News 18  

In a dry dock in the Tuscan seaside town of Massa stands the “Scheherazade”, the most infamous yacht in Italy today due to speculation it could belong to Vladimir Putin. The Italian Sea Group said in a statement the yacht was “not attributable to the property of Russian President Vladimir Putin”. ‘Seize them all’ Interviewed by the New York Times …

Is mystery yacht in Italy Putin's pleasure boat?
2 years, 9 months ago

Is mystery yacht in Italy Putin's pleasure boat?

India Today  

In a dry dock in the Tuscan seaside town of Massa stands the "Scheherazade", the most infamous yacht in Italy today due to speculation it could belong to Vladimir Putin. The Italian Sea Group said in a statement the yacht was "not attributable to the property of Russian President Vladimir Putin". Since Moscow's February 24 invasion of Ukraine and the …

Mega yacht ‘owned by oligarch and Putin ally Igor Sechin’ seized by Spanish authorities
2 years, 9 months ago

Mega yacht ‘owned by oligarch and Putin ally Igor Sechin’ seized by Spanish authorities

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A superyacht thought to be …

Italy seizes sanctioned Russian oligarch's $580 million superyacht
2 years, 9 months ago

Italy seizes sanctioned Russian oligarch's $580 million superyacht

India Today  

The Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine. The 143-metre Sailing Yacht A, which has a price tag of 530 million Euros, has been sequestered at the northern port of …

$700m superyacht docked in Italy may belong to Putin, say US officials
2 years, 9 months ago

$700m superyacht docked in Italy may belong to Putin, say US officials

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A $700m superyacht being …

Italian police seize $200m of Russian oligarchs' assets as part of sanctions over Ukraine
2 years, 9 months ago

Italian police seize $200m of Russian oligarchs' assets as part of sanctions over Ukraine

ABC  

Italian police have seized villas and yachts worth at least 140 million euros from five high-profile Russians who have been placed on an EU sanctions list following Moscow's attack on Ukraine. Key points: The affected oligarchs include Russia's richest man, Alexey Mordashov Another has been described by the Russian President as one of his closest associates More assets are expected …

Italy seizes Russian oligarch's yacht: govt
2 years, 9 months ago

Italy seizes Russian oligarch's yacht: govt

India Today  

Italy said Friday that it seized the yacht of a Russian oligarch who is seen as close to President Vladimir Putin and is subject to EU sanctions. "Italy's police has just seized 'Lady M Yacht', a 65 million euros vessel belonging to Alexey Alexandrovits Mordaschov located in Imperia -- in compliance with the recent EU sanctions," Ferdinando Giugliano, a media …

Russian oligarchs' ships seized amid sanctions over Ukraine invasion
2 years, 9 months ago

Russian oligarchs' ships seized amid sanctions over Ukraine invasion

ABC  

French authorities say they have seized a yacht owned by a Russian oligarch with close ties to Vladimir Putin which was being prepared to "sail off urgently" from its dock on the French Riviera. Key points: A vessel docked on the Mediterranean was seized Customs officers said the yacht was preparing to leave before repair work was complete A growing …

France seizes its first yacht as the West pledges to crack down on Russian oligarchs
2 years, 9 months ago

France seizes its first yacht as the West pledges to crack down on Russian oligarchs

NPR  

France seizes its first yacht as the West pledges to crack down on Russian oligarchs Enlarge this image toggle caption Nicolas Tucat/AFP via Getty Images Nicolas Tucat/AFP via Getty Images French authorities say they have seized a yacht linked to sanctioned Russian oligarch Igor Sechin. French finance minister Bruno Le Maire announced on Thursday that French authorities had seized Sechin's …

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