Live updates: Russia invades Ukraine

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Photographer Peter Turnley describes what he saw at the train station in Lviv, Ukraine as thousands of refugees flee the country

From CNN's Nicola Ruotolo and Paul P. MurphyAndrey Melnichenko's mega yacht in Trieste, Italy on Friday evening.

The Guardia di Finanza made the announcement in a statement released on Friday evening. Called"SY A," the yacht was in storage at the Port of Trieste, the statement says. It's worth approximately €530 million or $578 million, the statement added. It is one of the largest superyachts in the world, according to the manufacturerMelnichenko was sanctioned by the European Union on March 9 as part of expanded sanctions on Russian oligarchs. According to the EU, he owns the major fertilizer producer EuroChem Group and SUEK, a coal company.

"The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine," the EU Council decision reads.

"It also shows that he is one of the leading businesspersons involved in economic sectors providing a substantial source of revenue to the government of Russia, which is responsible for annexation of Crimea and ​destabilization of Ukraine."

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