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Tribune News Service
Tribune News Service
National
Bill Faries

‘Putin-linked’ yachts, Russian billionaires are hit with new US sanctions

WASHINGTON — The US Treasury Department announced a new round of sanctions targeting what it said were yachts linked to President Vladimir Putin as well as allies of the Russian leader, in the latest set of penalties over the war in Ukraine.

Billionaire Alexey Mordashov, the majority owner of Severstal PJSC, Russia’s fourth-biggest steelmaker, was also hit with State Department sanctions, Treasury said.

The Russian-flagged yacht Graceful and the Olympia, which flies a Cayman Islands flag, were among the vessels identified in the latest tranche of sanctions, according to a Treasury statement on Thursday. Putin and Belarus President Alexander Lukashenko traveled together on one of the ships on the Black Sea in 2021, Treasury said.

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