UPDATED: Italy seizes Russian oligarch Melnichenko’s Sailing Yacht A
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ROME, March 12 (Reuters) – Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister’s office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia’s invasion of Ukraine.
The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros ($578 million), has been sequestered at the northern port of Trieste, the government said.
Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world’s biggest sailing yacht, the government said.
Sanzioni contro la Russia: A Trieste, nel rimessaggio del porto, è stato sequestrato dalla Guardia di Finanza lo yacht a vela più grande del mondo, del valore di 530 milioni di euro. Lo "SY A" è riconducibile all'imprenditore russo Andrey Igorevich Melnichenko. pic.twitter.com/xj0V728Qsa
Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.
Last week Italian police seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who have been placed on the sanctions list.
The police operations were part of a coordinated drive by Western states to penalise wealthy Russians linked to President Vladimir Putin.
($1 = 0.9167 euros)
(Reporting by Emilio ParodiWriting by Giselda VagnoniEditing by Frances Kerry)
Photo – The sailing yacht ‘Sailing Yacht A’ is seen in the bay of Antibes, near Nice, southeastern France, 08 July 2020. T. EPA-EFE/SEBASTIEN NOGIER
