The Italian Financial Guard (Guardia di Finanza) confirmed that it had seized a luxury yacht belonging to Russian billionaire Andre Melnichenko, under European sanctions imposed on Russia over its military operation in Ukraine.
on Saturday, the Italian Financial Guard confirmed the veracity of press reports about his seizure of the yacht Sailing Yacht A, which is currently in the port of Trieste, and handed over to the Russian "Novosti" agency a videotape recorded by a drone showing the detained yacht. The value of the yacht is estimated at 530 million euros, and its length is 142 meters.
https://twitter.com/fredsharples/status/1502470409412775936?s=20&t=D1mzWxLG4PJYvS6r5vbixA
It entered service in 2017, and was built in Germany by the project of French designer Philippe Starck. The Sailing Yacht A is the world's largest motorized private sailing yacht.
This comes after the European Union included Melnichenko (whose fortune is estimated at nearly $25 billion) and 13 other Russian businessmen on the blacklist on March 9, in connection with the Russian military operation in Ukraine.
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