Italy Seizes $580 Million Russian Superyacht Over Sanctions

Vessel may be world’s biggest sailing yacht, police say
Italy has so far seized over $764 million in Russian assets

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Russian Oligarchs Start Feeling Impact of Sanctions

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By Alessandra Migliaccio

March 12, 2022 at 10:04 AM UTC

Updated on

March 12, 2022 at 12:24 PM UTC

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Italian authorities seized a 530 million-euro ($580 million) superyacht owned by Russian billionaire Andrey Melnichenko as pressure on Russia’s elite continues following the invasion of Ukraine.

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