The Italian authorities announced, on Saturday, the confiscation of a yacht worth 530 million euros (578 million dollars) owned by the Russian oligarch. Andrey Melnichenkoincluded in the list of people sanctioned by the European Union after Russia’s invasion of Ukraine.
The The yacht “SY A”which is currently moored in the port of Trieste, northeastern Italy, is the largest sailing ship in the world.
The Italian Financial Crimes Police claimed this Melnichenko He was the owner of the yacht “indirectly”, through a Bermuda-based company”, as the confiscation took place.
The European Union blacklisted the billionaire, coal and fertilizer tycoon, earlier this week, with his assets frozen and his visa banned.
Italy last week confiscated 140 million euros ($152 million) worth of property from other Russian rulers, including the 65 million euros ($70 million) “Lady M Yacht,” owned by Alexei Mordashov, a businessman close to Russian President Vladimir Putin. .
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