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Russian billionaires' multi-million-dollar yachts seized by European authorities

Russian businessmen allegedly linked to Russian President Vladimir Putin have had two superyachts seized in Europe, multiple reports claim.

Having seized the yacht in the Mediterranean port of La Ciotat, French authorities on Thursday seized the yacht that was linked to Rosneft CEO Igor Sechin, Financial Minister Bruno Le Maire said.

French authorities seized the Amore Velo yacht in La Ciotat on March 2 following European Union sanctions against Russia, as stated in the letter to Agence France-Presse.

“Thanks to the French customs officers who are enforcing the European Union’s sanctions against those close to the Russian government,” Le Maire said on Twitter alongside a letter.

Meanwhile, German authorities seized a superyacht estimated to be worth $600 million allegedly owned by Russian billionaire Alisher Usmanov on Wednesday.

As a result of Moscow's invasion of Ukraine on Feb. 24, Usmanov was among the billionaires sanctioned by the European Union. In addition to its export controls and visa policy, the sanctions target Russia's financial, energy, and transport sectors.

3 March 2022


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