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.
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 the billionaire owner of EuroChem Group, a major fertiliser producer, and the coal company SUEK.
Video footage reportedly showed police cars with flashing lights approaching the yacht, said to be one of the largest in the world, and boarding it.
EuroChem and SUEK said in statements on Thursday that Melnichenko had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective on Wednesday.
It comes as Roman Abramovich’s superyacht Solaris was pictured arriving in Tivat, Montenegro, on Saturday. The vessel left a port in Barcelona earlier this week as the UK government imposed sanctions on the Russian billionaire owner of Chelsea Football Club.
On Thursday, it was tracked off the coast of Sicily after reportedly undergoing repairs earlier in the week in Barcelona, one of a number of apparently hurried sailings of Russian billionaires moving their superyachts to avoid seizure. His other yacht, the more luxurious Eclipse, was on Thursday located to the west of the Canary Islands.
A European Council decision authorising the sanctions against Melnichenko says he was one of 37 business leaders who met with the Russian president after the invasion of Ukraine to talk about the potential economic impact of EU and US sanctions.
Melnichenko, the document states, “belongs to the most influential circle of Russian businesspeople with close connections to the Russian government”.
It adds: “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.”
A spokesperson for Melnichenko, Alex Andreev, 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,” Andreev said. “We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”
Italian authorities have separately seized €143m worth of luxury yachts and villas owned by Russian billionaires in luxury destinations including Lake Como, Sardinia and the Ligurian coast.
Nobiskrug, the manufacturer of Sailing Yacht A, describes the three-mast vessel on its website as “one of the world’s largest and most advanced superyachts” and the “ultimate embodiment of German superyachts built for the 22nd century”. It is almost 143 metres long, the mainmast is 100 metres above the waterline, and the yacht has a gross tonnage of about 12,600.
Other yachts seized by Italian police include Lady M, owned by Alexei Mordashov who, before being blacklisted this week by the EU, was the richest man in Russia. A yacht owned by Gennady Timchenko, another billionaire with close ties to Putin, was also seized.
