Italy seizes Russian oligarch's yacht: govt
India Today
Russia-Ukraine war news: Italy said on Friday that it has seized the yacht of a Russian oligarch who is close to President Vladimir Putin.
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 ($70 million) vessel belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) -- in compliance with the recent EU sanctions," Ferdinando Giugliano, a media adviser to Italy's prime minister, said in a tweet.
Steel magnate Mordashov owns Severstal group and is among the ultra-wealthy, influential Russians blacklisted by Brussels for their perceived closeness to the Kremlin.
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Since Russia's invasion of Ukraine began on February 24, the EU has moved to freeze the assets of connected oligarchs and bar them from entering the bloc.
Mordashov used a statement issued Monday to distance himself from Putin's war in Ukraine.
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