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Entertainment

Russian billionaire sues French customs for seizing his yachts

Alexey Kuzmichev European Union

FILE PHOTO: Alexey Kuzmichev, chairman of Russian investment company A1 advisory committee, attends a news conference in Moscow April 3, 2013. REUTERS/Sergei Karpukhin/File Photo/File Photo

A Russian billionaire is suing French authorities in an effort to win back access to two of his yachts, arguing customs officials did not have the right to immobilise them despite him being on an EU sanctions list, his lawyer said on Thursday.

Alexey Kuzmichev, one of the main shareholders of Russia's Alfa-Bank, who was sanctioned by the EU in March for his ties to President Vladimir Putin, appealed the seizure of his ships "La Petite Ourse" and "La Petite Ourse II", held in the Cote D'Azur towns of Antibes and Cannes, respectively.

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