The Italian government froze a yacht with reported links to Russian President Vladimir Putin The Cayman Island-flagged superyacht Scheherazade extends nearly 460 feet and is currently moored in the Italian port of Marina di Carrara
The Italian government froze a yacht with reported links to Russian President Vladimir Putin.
The Cayman Island-flagged superyacht Scheherazade extends nearly 460 feet and is currently moored in the Italian port of Marina di Carrara. The moves to freeze or confiscate luxury vessels come as Western governments intensify efforts to track, identify and seize assets around the globe belonging to sanctioned Russians with ties to the Kremlin.The Italian government on Friday froze a yacht with reported links to Russian President Vladimir Putin, blocking the vessel from leaving its port.
The Italian Finance Ministry said an investigation found"significant economic and business links" between the yacht's beneficial owner and"prominent elements of the Russian government" and people sanctioned over Moscow's 2014 annexation of Crimea. Italy did not name Putin, butThe ownership of the yacht has"long been under the attention of the authorities," the finance ministry said in a statement.
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