Italy seized a huge yacht from the richest Russian businessman Alexei Mordashov

Alexey Mordashov (Reuters / Evgenia Novozinina)

Italian police He seized a yacht owned by Alexei MordashovAnd the The richest man in Russia Before the European Union was blacklisted this week in the wake of Moscow’s attack on Ukraine, a source familiar with the matter said on Friday.

The “Lady M”, According to the source, 65 meters were seized in the port of Imperia, northern Italy.

Second yacht owned by Gennady Timchenkoanother billionaire with close ties to Russian President Vladimir Putin, The source added that it has also been banned in Imperia and will be taken over soon.

This move came after this week’s seizure France And the Germany Yachts belonging to other Russian oligarchs, while Western countries are implementing wide-ranging sanctions, including asset freezes, to try to force Russia to withdraw from Ukraine.

According to Italian media, lady m It was built by American shipbuilders Palmer Johnson in 2013. magazine Forbes It says it’s worth $27 million.

Mordashov built his fortune around Russian steelmaker Severstal (CHMF.MM). Taking into account the origins of his entire family, Forbes estimates that Mordashov had an estimated net worth of $29.1 billion before sanctions were imposed, making him Russia’s richest man.

Italian media claims that he owns a villa valued at 66 million euros ($72 million) On the coast of Sardinia on the Mediterranean Sea. It was not clear if the police had confiscated the property.

Timchenko made a fortune trading oil and was described by Putin as one of his closest confidants. Britain said last month that it was a major shareholder in the Bank of Russia, which played a role in destabilizing Ukraine after Russia’s annexation of Crimea in 2014.

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(With information from Reuters)

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