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Tribune News Service
Tribune News Service
World
Bloomberg News

Italy seizes another Russian superyacht

Russia Italy Andrey Melnichenko Ukraine

Italian authorities have seized a superyacht owned by Russian billionaire Andrey Melnichenko as pressure on Russia’s elite continues following the invasion of Ukraine.

The vessel seized by Italian financial police is owned by Russian billionaire Andrey Melnichenko, founder of fertilizer company EuroChem, and is worth an estimated 530 million euros ($580 million).

It may be the world’s biggest sailing yacht and was docked in the port of Trieste in northern Italy, according to a statement from Prime Minister Mario Draghi’s office.

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