oligarch yacht in trieste

2 years after being seized, the Russian oligarch’s $580 million megayacht which is even bigger than Jeff Bezos’ Koru left Trieste and sailed for Venice. Just so that it would not escape on the high seas the 469 feet long vessel was guarded by armed ships of the Italian forces.

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by In Trieste

Italy’s finance police have seized a super-yacht from Russian billionaire Andrey Melnichenko in the port of Trieste.

The seizure of the 143-m vessel, called ‘SY A’ and valued at €530 million, is as high an eight-storey building and is the largest sailing yacht in the world, reports Italian newspaper   Corriere della Sera .

The move is part of measures taken against Russian tycoons included in the EU ‘black list’ for sanctions following Russia’s invasion of Ukraine.

The vessel, which can reportedly accommodate 60 guests and crew, is equipped with a large swimming pool, an underwater observatory and a helipad.

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Watch Police Seize $578 Million Superyacht Linked To Russian Billionaire

MILAN — Italian financial police has seized a Russian-owned superyacht valued at $578 million in the port of Trieste as part of seizures of oligarch wealth to pressure Russian President Vladimir Putin to halt the war on Ukraine.

The “Sy A” yacht was identified by Italian police as belonging to billionaire Andrey Igorevich Melnichenko, who made a fortune in fertilizer production and coal energy. It was seized Friday evening.

Italy’s financial police ( @GDF ) has just frozen “SY A” - a sailing yacht worth ~€530m located in the Port of Trieste. The yacht could be linked indirectly to Andrey Igorevich Melnichenko - an individual in the EU sanctions list. pic.twitter.com/fRg6ZTIQRH — Ferdinando Giugliano (@FerdiGiugliano) March 12, 2022

Video shows police in cars with flashing lights approaching the triple-mast yacht and officers boarding it.

Italian authorities last week seized some 143 million euros ($156 million) in luxury yachts and villas belonging to Russian billionaires in such picturesque retreats as Sardinia, the Ligurian coast and Lake Como.

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 — Tg La7 (@TgLa7) March 11, 2022

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Italian Police Seize Russian Oligarch Andrey Melnichenko’s 468-Foot ‘Sailing Yacht A’

The list keeps growing with the impoundment of "sailing yacht a" and suspicion that "scheherazade" might be connected to vladimir putin., michael verdon, michael verdon's most recent stories.

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Italy’s finance police seized one of the world’s most iconic sailing yachts, owned by a Russian oligarch. Andrey Melnichenko’s Sailing Yacht A , with an estimated value of $578 million, was impounded in dry dock at the Port of Trieste, according to a statement from the Guardia di Finanzia. Melninchenko was sanctioned by the European Union on March 9 as part of a group of Russian oligarchs who met with Russian President Vladimir Putin following its Ukraine invasion to discuss the potential economic impact of EU and American sanctions.

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Melnichenko owns the major fertilizer producer EuroChem Group and SUEK, a coal company. He also owns the 390-foot Motor Yacht A. A spokesperson said in a statement that Melnichenko has nothing to do with politics and that he has removed himself from the board of Eurochem and SUEK after the EU sanctioned him. “He has no relation to the tragic events in Ukraine. He has no political affiliations,” said the statement.

US intelligence officials have also said they are trying to link the Scheherazade , a $700 million superyacht in dry dock in Italy, to Putin. The New York Times reported that the US government has made no definite conclusions about the yacht’s ownership, but believe it could be owned by the Russian president. The yacht’s captain, Guy Bennett-Pearce, told the Times that Putin had no stake in the yacht, but declined to name the owner. Bennett-Pearce said he would provide Italian police with documents that divulged the owner’s name. The Italian Sea Group, which owns the shipyard where Scheherazade is dry docked, said that, based on “checks carried out by relevant authorities,” the yacht is “not attributable to the property of Russian President Vladimir Putin.”

Roman Abramovich, who owns Solaris. last week was placed on the UK sanctions list.  Courtesy of Lloyd Werft

Chelsea FC owner Roman Abramovich was also added to the UK sanctions list days after he announced the sale of the football club. Abramovich, who owns a string of supercars and several private jets, also owns the superyachts Solaris and Eclipse. Solaris is reportedly sailing towards Israel, where Abramovich has dual citizenship.

On March 3, France’s finance ministry said that it had impounded Amore Vero , a yacht owned by Igor Sechin, CEO of Russian oil giant Rosneft. The EU had sanctioned Sechin earlier that week, calling him one of Putin’s “most trusted and closest advisors, as well as his personal friend.” German authorities also detained the 512-foot superyacht Dilbar in Hamburg, owned by Alisher Usmanov. Reports said the crew was fired last week. On March 5, Italian authorities impounded two yachts, Lena and Lady M , owned by Gennady Timchenko and Alexei Mordashov, respectively.

On Friday, the US State Department placed Viktor Vekselberg on its sanctions list. Two of Vekeselberg’s luxury assets, an Airbus A319-115 jet and his yacht Tango , were identified as “blocked property.”

The superyacht Scheherazade was impounded in Italy during an investigation to uncover whether it is owned by Russian President Vladimir Putin.  Video Still/YT

The seizures have prompted the superyacht industry to distance itself from the oligarchs. Italian yacht builders Sanlorenzo and Azimut both released statements that they have limited exposure to Russian clients, and none are on the sanctions list. Heesen Yachts released a statement that two Russians sitting on its supervisory board of directors have resigned their positions. The builder said Heesen is 100-percent Dutch-owned company and that Pavel Sukhoruchkin and Pavel Novoselov had nothing to do with its day-to-day operations.

Ownership of many Russian yachts is often hidden by shell companies in tax havens like the Cayman Islands. They are not only hard to trace, but actually seizing and selling them could present a legal quagmire that could take years to resolve.

Some are wondering whether seizing the oligarchs’ private yachts and jets will work. “Sanctions are another example of the West doing what it does best, which is just throwing a lot of cash at the problem and hoping it gets solved,” Olga Chyzh, a professor of political science at the University of Toronto, told the Washington Post. “However sad they are to let go of their Western assets, oligarchs have even more to lose if Putin is no longer there to protect them.”

Eclipse is another yacht owned by Roman Abramovich.  Robb Report File

In the meantime, some oligarchs are taking their yachts to destinations like the Maldives , the Seychelles and Dubai, which have no extradition treaties with the US and EU. Dubai has become a favorite destination for Russian tourism and wealth.

Alex Finley, a former CIA officer, has been tracking the yachts from Barcelona. Using the hashtag “Yacht Watch,” she posts updates on Twitter for Russian-owned superyachts.

“For me, the yachts are a big, easily recognizable symbol of the more serious side of this [Russian invasion]: These are people who support a dictator, and have been supporting him in carrying out destabilization operations against democracy, while at the same time coming here and taking all the benefits of the exact same democracies they were destabilizing,” Finley told the Washington Post.

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The $578 million megayacht owned by Russian oligarch Andrey Melnichenko was seized by Italy

• Russian oligarch Andrey Melnichenko's yacht was seized Friday, Italian authorities said.
• Sailing Yacht A is the world's largest sailing yacht at around 469 feet long and has eight decks.
• Melnichenko was sanctioned by the European Union in response to Russia's invasion of Ukraine.

A megayacht belonging to Russian oligarch Andrey Melnichenko was seized by Italian authorities on Friday, CNN reported.

A statement from Italy's finance police said the yacht, known as SY A or Sailing Yacht A, was worth around 530 million euros, or $578 million, according to CNN. It also said the yacht was currently in storage in Trieste, Italy. Maritime tracking data viewed by Insider confirmed the location of the yacht in the Adriatic Sea.

Melnichenko is one of the billionaire oligarchs sanctioned by the European Union in response to Russia's invasion of Ukraine. Melnichenko, who is worth $11 billion according to Forbes, founded fertilizer producer EuroChem Group and coal energy company SUEK.

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In announcing its decision, the EU council said Melnichenko "belongs to the most influential circle of Russian businesspeople with close connections to the Russian Government." It also said he was among a group of 37 businesspeople who met with Russian President Vladimir Putin and other officials on February 24 to discuss the impact of potential sanctions.

"The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine," the EU said, adding it also showed he is "providing a substantial source of revenue to the Government of Russia."

In a statement provided to Insider, a spokesperson for Melnichenko denied the EU's accusations about his connections to the war in Ukraine.

"Andrey Melnichenko is an international self-made entrepreneur. He has no relation to the tragic events in Ukraine. He has no political affiliations. To draw a parallel between attending a meeting through membership in a business council, just as dozens of businesspeople from both Russia and Europe have done in the past, and undermining or threatening a country is absurd and nonsensical," the statement said.

"There is no justification whatsoever for placing him on the EU sanctions list. We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail," the statement continued.

The spokesperson also noted Melnichenko resigned as a member of the board and main beneficiary of both EuroChem Group  and SUEK this week, as the companies announced in separate statements on Thursday. He also said both companies are privately owned and not affiliated with any government, and that EuroChem Group is based in Switzerland.

Sailing Yacht A is the worlds largest sailing yacht at around 469 feet long, according to SuperYachtFan.com . It has 300-foot masts, eight decks, a swimming pool, and an underwater observation pod. It's one of several megayachts owned by Russian oligarchs that are subject to sanctions.

Some Russian oligarchs and billionaires have tried to escape sanctions by transporting their luxury yachts to places like Dubai, which has not enacted sanctions, and the Maldives, which does not have an extradition treaty with the US.

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Ukraine: Russian oligarch's giant yacht seized in Trieste

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ROME , 14 March 2022, 12:27

Redazione ANSA

- ALL RIGHTS RESERVED

A Russian oligarch's yacht, the biggest sailing yacht in the world, was seized in Trieste at the weekend as part of western sanctions on Moscow for its war in Ukraine.     The 530 million euro Sailing Yacht A belonging to Andrey Igorevich Melnichenko had been in dry dock in the northeastern Italian port for repairs since January.     The yacht has been sequestered, meaning it cannot leave the dock.     Other yachts have been seized from other oligarchs deemed to be close to Russian President Vladimir Putin.     Italian maritime engineering giant Fincantieri had been doing repair and maintenance work on the Sailing Yacht A.     Designed by 'starchitect' Philippe Starck and built in Germany, A is the largest sailing yacht in the world.     It is 143 meters long with three masts and eight decks and has a partly glass bottom to observe the underwater world.     The yacht flies a Bermudan flag.    

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• International

March 11, 2022 Russia-Ukraine news

By Aditi Sangal , Adrienne Vogt , Meg Wagner , Melissa Macaya, Julia Hollingsworth , Jessie Yeung , Adam Renton, Jeevan Ravindran and Jason Kurtz, CNN

Italy seizes $578 million mega yacht owned by Russian oligarch Andrey Melnichenko

From CNN's Nicola Ruotolo and Paul P. Murphy

Italian authorities seized Russian oligarch Andrey Melnichenko's mega yacht on Friday, according to a statement from Italy's finance police.

The statement said the vessel — called "SY A" — is worth about 530 million euros ($578 million) and was in storage at the northeastern port of Trieste.

It's one of the largest superyachts in the world, according to its manufacturer,  Nobiskrug .

The sanctions: Melnichenko was sanctioned by the European Union on March 9 as part of expanded punitive measures against Russian oligarchs. According to the EU, he owns the major fertilizer producer EuroChem Group and the coal company SUEK.

The EU council decision , which authorized sanctions against Melnichenko, noted he and 36 other business leaders met with Russian President Vladimir Putin after the invasion of Ukraine began to discuss the potential economic impact of EU and US sanctions. 

The EU council decision reads: "The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine. "It also shows that he is one of the leading businesspersons involved in economic sectors providing a substantial source of revenue to the government of Russia, which is responsible for annexation of Crimea and ​destabilization of Ukraine."

On Saturday, Melnichenko spokesman Alex Andreev told CNN that the Russian oligarch removed himself from the board of both Eurochem and SUEK (companies he founded) after the EU sanctioned him. Andreev also said that Melnichenko was also no longer the “beneficiary” of the companies, in a statement to CNN.

When asked by CNN if Melnichenko had any comment on the situation in Ukraine, Andreev declined to provide additional comment and instead pointed towards his initial emailed statement to CNN.

“Andrey Melnichenko is an international self-made entrepreneur. He has no relation to the tragic events in Ukraine. He has no political affiliations,” Andreev said in that statement. “There is no justification whatsoever for placing him on the EU sanctions list. We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

Zelensky calls detention of Melitopol mayor a "crime against democracy"

From CNN's Jennifer Hauser

The detention of the mayor of the southeastern Ukrainian city of Melitopol is a "crime against democracy," Ukraine's President Volodymyr Zelensky said Friday in a video posted on Facebook.

Earlier Friday, Melitopol mayor Ivan Fedorov was seen on video being led away from a government building in the city by armed men. A short time later, the Russian-backed Luhansk regional prosecutor claimed Fedorov had committed terrorism offenses and was under investigation. 

Fedorov's detention was "a sign of the weakness of the invaders," Zelensky said.

"They did not find any support on our land, although they counted on it. Because for years they've been lying to themselves that people in Ukraine were supposedly waiting for Russia to come.  "This is Ukraine here. It is Europe here. It is a democratic world here."

Zelensky added that the mayor's detention was "not only against a particular person, not only against a particular community and not only against Ukraine."

Ukraine's Foreign Ministry called the detention of Fedorov a "war crime," saying the Geneva Convention prohibits civilian hostages from being taken.

Damaged power lines to Chernobyl nuclear plant are being repaired, UN watchdog says

From CNN’s Taylor Barnes

Technicians began working on Thursday to repair damaged power lines serving the Chernobyl nuclear power plant, according to the United Nations' nuclear watchdog.

The lines were entirely cut earlier this week, with the last one “destroyed as a result of the occupant’s shelling” on Wednesday, Ukraine's energy minister said.

The International Atomic Energy Agency (IAEA) said diesel generators have been providing backup power to the site since Wednesday, and additional fuel supplies have been delivered to the Russian-controlled facility.

Some context: Russian troops overran the Chernobyl plant — the site of the world's worst nuclear disaster — on the first day of the invasion on Feb. 24, with staff still inside.

Some 211 technical personnel and guards at the site have in effect been living at the facility and in "increasingly difficult conditions" with potentially dwindling food supplies, the IAEA said.

The Ukrainian regulator told the IAEA it lost communication with the plant on Thursday, though it has continued to receive updates about the situation from senior off-site management.

Other nuclear facilities: The agency also gave updates about two other nuclear facilities in Ukraine. The power situation at the Zaporizhzhia nuclear plant is “unchanged,” with two of four power lines damaged, the IAEA said, adding that one power line could provide the plant’s off-site power needs and diesel generators for back-up power are ready and available. 

In Kharkiv, a nuclear facility for research and development and radioisotope production for medical and industrial applications suffered “additional damage” after facing shelling earlier this week.

However, the IAEA said the nuclear material at that site is subcritical and the inventory of radioactive material is low, and the agency assessed the damage would not lead to radiological consequences.

Here's a look back at the 1986 Chernobyl disaster in pictures:

Photos: The Chernobyl disaster

No diplomatic off-ramp in sight for russia's war in ukraine.

From CNN's Kylie Atwood, Jennifer Hansler and Jeremy Herb

With  Russia's war in Ukraine  now in its third week, US and European officials have little optimism that diplomatic channels can deliver a way out of the conflict at this point.

Talks between Ukraine's and Russia's diplomats this week yielded no discernible progress. Supposedly safe  evacuation routes out of the country have repeatedly been contested. The civilian death toll continues to rise, and by the end of the week both sides were trading accusations over the use of chemical weapons .

While Russian President Vladimir Putin said Friday there had been "certain positive advances" in negotiations with Ukraine, US and European officials and diplomats who spoke to CNN all expressed deep skepticism about the state of talks. None felt Putin's actions to date have suggested the Russian leader is ready to find a diplomatic off-ramp to end the war.

Impact of sanctions: The US and its allies have enacted  crippling sanctions on Russia  in response to its invasion of Ukraine, and US President Joe Biden has kept in touch with European leaders as well as  Ukrainian President Volodymyr Zelensky . But US officials have privately acknowledged they don't believe any of these sanctions are going to change Putin's thinking, and many don't believe Russia's losses in Ukraine will either.

The Biden administration is resisting putting its weight behind any single player involved in early efforts to broker a solution to end the Ukraine crisis. US officials say they have yet to see any tangible progress in any channel and continue to view Ukraine and Russia as the only essential players in driving a solution.

"A variety of different countries can try to shape things as they would like, but at the end of the day, this will likely boil down to what President Zelensky is willing to accept and what President Putin is willing to accept," said a senior State Department official.

Read the full story:

No diplomatic off-ramp in sight for Russia's war in Ukraine | CNN Politics

Explosions heard near kyiv as russian troops press closer to ukraine's capital.

CNN teams in Kyiv reported hearing explosions in the early hours of Saturday morning, with chief international correspondent Clarissa Ward describing "a nonstop volley ... of just heavy booms in the distance," continuing for several minutes.

It's not clear whether the explosions were Russian or Ukrainian strikes, she said.

Fighting is continuing on the outskirts of the Ukrainian capital, with the city's administration saying areas to the north remain the most dangerous, including the suburbs of Bucha, Irpin and Hostomel, as well as the district of Vyshorod further north of Kyiv. Fighting has also escalated in Brovary, across the Dnieper River, east of the city.

As Russian forces press in from several directions, "the worry becomes ... that the intention is to fully surround the city, to starve the city, to bombard the city and then ultimately to try to overthrow (Ukrainian President Volodymyr) Zelensky's government," Ward said. 

Kyiv Mayor Vitali Klitschko told CNN the city currently only has resources — including food and medical supplies — for one to two weeks.

CNN's Ward added that "Ukrainian forces are everywhere" in Kyiv. "They have dug up defensive positions along all the main thoroughfares leading into the city, they've put tank traps around. This is a heavily fortified city now. And even if Russian forces are enable to encircle it, it will still be an almighty battle for them to get to the heart of it."

UK Defense Ministry: Russian airstrikes have targeted cities of Lutsk and Ivano-Frankivsk

From CNN's Sharon Braithwaite in London

Russian air and missile forces have conducted strikes against the western Ukrainian cities of Lutsk and Ivano-Frankivsk in the past 24 hours, the UK Ministry of Defence said in its latest intelligence update on Friday.

The ministry added that Russian tactical aircraft supporting ground forces are relying on "unguided 'dumb' munitions," which are "relatively inaccurate and indiscriminate and their use significantly increases the likelihood of civilian casualties."

Biden detailed new measures to punish Russia in a 49-minute phone call with Zelensky

From CNN's Kaitlan Collins

Prior to his address on Friday, US President Joe Biden spent 49 minutes on the phone with Ukrainian President Volodymyr Zelensky, detailing the new measures he was going to announce regarding US trade with Russia, two officials familiar with the call tell CNN. 

While most of Biden and Zelensky's calls since the invasion have hovered in the 30- to 40-minute range, this was one was a bit longer as Biden highlighted how the US was moving to suspend normal trade relations with Russia in another effort to punish the Kremlin.

Zelensky tweeted that he gave Biden an "assessment of the situation on the battlefield, informed about the crimes of Russia against the civilian population" and they agreed on "further steps to support the defense of Ukraine and increase sanctions against Russia."

Independent US agency calls on Biden administration to push for Russia's expulsion from Interpol

From CNN's Priscilla Alvarez

An independent US government agency is calling on the Biden administration to push for Russia to be permanently expelled from Interpol — a step further than the suspension the administration has already sought — citing the invasion of Ukraine and previous abuses by Russia, according to a letter obtained by CNN.

Earlier this week, Attorney General Merrick Garland joined justice ministers from several allied countries to demand that Interpol immediately suspend Russia from accessing its systems, according to Justice Department spokesperson Anthony Coley.  

Interpol, the International Criminal Police Organization, is a global agency which facilitates police across its 195 member countries to collaborate on criminal investigations. Interpol issues what are known as Red Notices to request the location and arrest of an individual pending their extradition.

Friday’s letter from the Commission on Security and Cooperation in Europe commended the steps the US has taken so far, but added that the administration should call for the permanent suspension of Russia.

“We urge you to use the U.S. position in Interpol (and in particular Interpol's Executive Committee and its Advisory Group on Financial Matters) to make it clear that any failure to act against Russia's abuse of lnterpol will have grave consequences for the U.S. contribution to Interpol's budget and Interpol's legal immunities in the United States,” the letter, directed to Garland and Secretary of State Antony Blinken, reads.

The commission — also known as the US Helsinki Commission — was created by Congress in 1976   with a focus on human rights, military security, and economic cooperation. It is led by Sen. Ben Cardin and Rep. Steve Cohen.

If Russia is suspended from Interpol, it would bar the country from continuing to participate and therefore put in requests for Red Notices, but it would not remove Red Notices that are already in the system, said Ted Bromund, a senior research fellow at the Heritage Foundation and an expert in Interpol.

Core part of Kharkiv nuclear lab not damaged following shelling, institute director says

From CNN’s Philip Wang

The core part of a nuclear research facility in Kharkiv has not been damaged following a relentless round of shelling, the head of the science institute said on Friday in an interview with Reuters.

The outside of the institute has been hit with “major destruction” by several shells launched from the Russian side, said Mykola Shulga, general of the National Science Center Kharkiv Institute of Physics and Technology.

The facility is currently in working condition and safe, Shugla said, adding a warning that if the nuclear fuel tank were to become physically damaged, it could leak radioactive elements and severely harm the environment. 

"The facility, in working condition, doesn't present any danger whatsoever. However, if there is physical damage, nuclear fuel leak is possible, [with] radioactive elements escaping outside. This obviously would be a huge, huge problem for the environment. In other words, what would happen would be comparable to a similar situation at any nuclear power station," Shugla told Reuters.

There are 37 nuclear fuel cells that have been loaded into the core facility, according to Shulga. The institute was about to start working on the industrial utilization of the reactor.

This comes as CNN reported on Thursday that emergency services in Kharkiv were tackling a fire near the Kharkiv Institute of Physics and Technology.

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• Middle East
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Italian authorities seize one of world’s largest superyachts from oligarch – video

Italian authorities have seized a €530m (£444m) superyacht owned by Russian businessman Andrey Melnichenko as part of EU sanctions following Vladimir Putin’s invasion of  Ukraine .

Video footage shows police cars with flashing lights approaching the yacht, said to be one of the largest in the world, and officers boarding it.

Sy A – short for Sailing Yacht A – was seized on Friday evening in the port of Trieste after being identified by Italian police as belonging to Melnichenko

• Italian authorities seize one of world’s largest superyachts from oligarch
• Russia-Ukraine war – latest news

Source: Reuters

Sat 12 Mar 2022 16.13 GMT Last modified on Sat 12 Mar 2022 17.35 GMT

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Ukraine war: £443m superyacht owned by oligarch Andrey Melnichenko seized in Italy as part of sanctions

The vessel, the biggest sailing yacht in the world, is owned by billionaire Andrey Melnichenko, who made a fortune in fertiliser production and coal.

News reporter

Sunday 13 March 2022 01:14, UK

A Russian-owned superyacht valued at £443m has been confiscated by Italian police in the port of Trieste as part of a global crackdown on wealthy oligarchs.

The Sy A yacht is owned by billionaire Andrey Melnichenko, 50, who made a fortune in fertiliser production and coal.

The vessel was seized on Friday evening.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht at 143m in length.

Read more: Russia says Western arms shipments now 'legitimate military targets' - follow latest updates on Ukraine war

Footage shows police cars approaching the triple-masted yacht and officers boarding it.

Italian authorities last week seized £120m in luxury yachts and villas belonging to Russian billionaires in picturesque retreats such as Sardinia, the Ligurian coast and Lake Como as part of sanctions against oligarchs linked to Vladimir Putin.

A statement from the Official Journal of the European Union described Melnichenko as belonging to the "most influential circle of Russian businesspeople with close connections to the Russian Government".

It added: "On 24 February 2022, in the aftermath of the initial stages of Russian aggression against Ukraine, Andrey Igorevich Melnichenko, along with other 36 businesspeople, met with President Vladimir Putin and other members of the Russian government to discuss the impact of the course of action in the wake of Western sanctions.

"The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine."

A spokesperson for Melnichenko said the businessman had "no relation to the tragic events in Ukraine and has no political affiliations".

"There is no justification whatsoever for placing him on the EU sanctions list.

"We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail."

A number of oligarchs have sought to move their superyachts to safe locations to avoid confiscation.

Roman Abramovich's superyacht Solaris has been spotted in the small Adriatic Sea state of Montenegro.

The 533ft Solaris was seen on Saturday outside the Porto Montenegro marina in the coastal town of Tivat after arriving from Barcelona.

There was no immediate comment from the Montenegrin authorities on the arrival of the £460m vessel.

The NATO country has joined Western sanctions imposed on Russia for its invasion of Ukraine.

It comes after Abramovich was sanctioned by the UK government .

The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers in response to Russia's invasion of Ukraine.

A government document announcing the move said that Abramovich has had a "close relationship for decades" with Putin.

The UK is the first nation to sanction Abramovich, who has been described by the government as a "pro-Kremlin oligarch".

The government has now sanctioned more than 200 individuals and entities.

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SY A: Italy seizes one of the world’s largest superyachts owned by Russian businessman

The vessel, called “sy a”, is in storage at the northeastern port of trieste, article bookmarked.

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A £530 million mega yacht owned by Russian oligarch Andrey Melnichenko was seized on Friday by Italian authorities.

The vessel, called “SY A”, was in storage at the northeastern port of Trieste , a statement from Italy ’s financial police said.

Mr Melnichenko was one of a number of Russian elites recently sanctioned by the EU over close supposed links to the Kremlin, in response to Vladimir Putin’s decision to invade Ukraine .

In announcing its decision the EU said Mr Melnichenko - who owns fertilizer producer EuroChem Group and coal company SUEK - was among a group of 36 businesspeople who met with Mr Putin and other officials on February 24 to discuss the impact of economic sanctions by the EU and EU.

The EU Council decision said: “The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine.

“It also shows that he is one of the leading businesspersons involved in economic sectors providing a substantial source of revenue to the government of Russia, which is responsible for annexation of Crimea and ​destabilization of Ukraine.”

The businessman is worth approximately £8.4billion ($11 billion) - making him the eight richest man in Russia, according to Forbes.

The 143m (469ft) long superyacht was constructed by German shipbuilder Nobiskrug and features a host of amenities, including an underwater observation pod and hybrid diesel-electric propulsion.

Andrey and Aleksandra Melnichenko

European countries have responded rapidly to seize assets from Russian oligarchs and have already taken a number of the sailing vessels.

Italian authorities have taken Lena belonging to Gennady Timchenko, in the port of San Remo and the Lady M owned by Alexei Mordashov in nearby Imperia.

And French customs officials seized the yacht of Rosneft boss Igor Sechin, before it attempted to flee a French Riviera port.

A number of superyachts owned by Russian billionaires appeared to have found temporary haven in the Maldives, a luxury holiday destination, that crucially does not have an extradition treaty with the US or EU.

The Independent has a proud history of campaigning for the rights of the most vulnerable, and we first ran our Refugees Welcome campaign during the war in Syria in 2015. Now, as we renew our campaign and launch this petition in the wake of the unfolding Ukrainian crisis, we are calling on the government to go further and faster to ensure help is delivered. To find out more about our Refugees Welcome campaign, click here . To sign the petition click here . If you would like to donate then please click here for our GoFundMe page.

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The superyachts (worth £680m) seized from oligarchs as sanctions hit Russians

As the Russian invasion in Ukraine continues, so too does the wave of economic sanctions against the nation’s oligarchs with links to president Vladimir Putin.

On Tuesday, the UK announced sanctions against a further 350 Russian individuals and entities, taking the total to more than 1,000.

And the EU imposed its own sanctions on 15 new individuals, including Chelsea owner Roman Abramovich , who was already on the UK list .

One of the most prized assets of oligarchs are their superyachts - and these are now being seized on a regular basis.

The latest vessel to be seized through sanctions belonged to oligarch Sergei Chemezov , a close ally of Putin.

Here are the luxury vessels that have been take off the hands of Russian oligarchs since their country's invasion of Ukraine began almost three weeks ago.

Sergei Chemezov - Valerie superyacht - £115m

A superyacht belonging to Sergei Chemezov was seized by Spanish authorities in Barcelona on Monday.

The boat, named Valerie, is estimated to be worth about £115m.

Chemezov is a former KGB officer with strong links to Russian president Vladimir Putin.

He is the chief executive of the Russian state-owned conglomerate Rostec, which comprises 700 businesses across the defence and civil sectors.

Chemezov was appointed to the role by Putin - the pair became friends when stationed in the old East Germany in the 1980s.

The Valerie is 85m long and sails under the flag of Saint Vincent and the Grenadines. The vessel is registered to Chemezov's stepdaughter, Anastasia Ignatova, through a British Virgin Islands company, according to a 2021 article published in the Pandora Papers information leak.

Chemezov was sanctioned by the EU and the US in 2014 and the UK in 2020 over Russia's annexation of Crimea and was named in sanctions lists this month by the US and Australia.

Andrey Melnichenko - Sailing Yacht A - £450m

On Saturday, Italian police seized the superyacht Sailing Yacht A, owned by Russian billionaire Andrey Melnichenko, said to be close to Putin.

The 143m long yacht was seized at the northern port of Trieste.

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.

Watch: Drone footage shows superyacht under investigation for Putin links

A spokesperson for Melnichenko, Alex Andreev, said the billionaire industrialist has "no relation to the tragic events in Ukraine” and “no political affiliations".

He was placed on the EU sanctions list on 9 March. He had attended a meeting between Putin and other oligarchs in February just before Russia’s invasion of Ukraine.

Alexei Mordashov - Lady M - £20m

The Lady M superyacht belonging to Russia’s richest man, Alexei Mordashov, was seized by Italian authorities earlier this month.

The 65m boat was seized at the northern Italian port of Imperia.

Mordashov is under EU sanctions following Russia’s invasion of Ukraine. The EU called him the “personal bank” of the senior officials who benefited from Russia’s annexation of Crimea in 2014.

He is the chairman of Severstal, Russia’s largest steel and mining company.

According to Forbes, he has a net worth of about £22bn.

Gennady Timchenko - Lena - £6m

The 40m long superyacht Lena, belonging to billionaire Russian businessman Gennady Timchenko, was seized in the Italian port city of Sanremo earlier this month.

Timchenko was placed under EU sanctions and UK sanctions last month. He is a close friend of Putin, who gave him an oil export licence in 1991.

Igor Sechin - Amore Vero - £91m

Earlier this month, French authorities seized the 85m long Amore Vero superyacht belonging to Igor Sechin, a long-time confidante of Putin’s.

Nicknamed “Darth Vader”, Sechin served as Russia’s deputy prime minister from 2008 to 2012 and now runs the management board of oil company Rosneft.

The EU sanctioned Sechin last month and had his assets frozen. The UK has also imposed sanctions on Sechin.

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World’s most expensive sailing superyacht sits abandoned

The world’s most expensive superyacht, owned by a Russian oligarch, has remained stranded in the sea for almost two years.

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A Russian oligarch’s $860 million superyacht, seized by Italian police, has sat abandoned in the sea for almost two years.

The boat was nabbed in March 2022 as part of ongoing EU sanctions against Russia amid Vladimir Putin’s failing war in Ukraine.

It has remained stranded in the Trieste Gulf, off the coast of Italy, ever since, The Sun reports.

The superyacht is owned by Russian tycoon and Putin crony Andrey Melnichenko, one of a number of businessmen targeted under war sanctions.

Dubbed Sailing Yacht A, it is among the largest in the world – measuring 100 metres high and 143 metres long.

It underwent testing in Gibraltar in 2017 before it was handed over to Melnichenko.

The boat’s mast is bigger than Big Ben’s Tower by 10 feet and it’s even deemed a medium-sized cargo ship.

It has eight decks, a helicopter pad, an underwater observation room and a hybrid diesel-electric propulsion system.

Run by a crew of 54, the yacht also has a digital control system that allows them to raise and lowers the sails and anchor just by swiping.

And it has the power to dash across waves at speeds of up to 20.8 knots.

The unconventional yacht was built by German Naval Yards, in Nobiskrug.

Now it sits impounded in a dry dock with a constant crew of 20 and Italian media reports that the government has spent over £6 million ($11.5 million) keeping it there.

Police cars with flashing lights reportedly swarmed the yacht and boarded it before impounding the vessel in 2022.

Melnichenko owns fertiliser company EuroChem Group and SUEK, a coal company.

He made headlines for his impressive ships when he moored his other £240 million masterpiece, “Motor Yacht A”, on London’s River Thames near Tower Bridge in 2017.

The tycoon is one of the richest men in the world and was one of 37 businessmen who met with Putin after the invasion of Ukraine to discuss potential sanctions.

An EU document described him as belonging “to the most influential circle of Russian businesspeople with close connections to the Russian government”, according to The Guardian .

It went on: “He is therefore involved in economic sectors providing a substantial source of revenue to the government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.”

Both companies said Melnichenko had resigned just days before his yacht was seized in 2022.

A spokesperson for Melnichenko at the time said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Alex Andreev said.

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“We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

Italian police have apparently seized over $230 million worth of luxury boats and homes owned by Russian billionaires.

This article originally appeared on The Sun and was reproduced with permission

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Ukraine: Italy seizes world's biggest sailing yacht from Russian oligarch

Melnichencko yacht seized in trieste port..

Italy’s financial police ( @GDF ) has just frozen “SY A” - a sailing yacht worth ~€530m located in the Port of Trieste. The yacht could be linked indirectly to Andrey Igorevich Melnichenko - an individual in the EU sanctions list. pic.twitter.com/fRg6ZTIQRH — Ferdinando Giugliano (@FerdiGiugliano) March 12, 2022

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