Monday, 25 Aug 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Italy seizes Russian oligarch’s yacht: govt
World

Italy seizes Russian oligarch’s yacht: govt

Enspirers | Editorial Board
Share
Italy seizes Russian oligarch’s yacht: govt
SHARE

Italy said Friday that it seized the yacht of a Russian oligarch who is seen as close to President Vladimir Putin and is subject to EU sanctions.

“Italy’s police has just seized ‘Lady M Yacht’, a 65 million euros ($70 million) vessel belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) — in compliance with the recent EU sanctions,” Ferdinando Giugliano, a media adviser to Italy’s prime minister, said in a tweet.

Steel magnate Mordashov owns Severstal group and is among the ultra-wealthy, influential Russians blacklisted by Brussels for their perceived closeness to the Kremlin.

Since Russia’s invasion of Ukraine began on February 24, the EU has moved to freeze the assets of connected oligarchs and bar them from entering the bloc.

Mordashov used a statement issued Monday to distance himself from Putin’s war in Ukraine.

“I have absolutely nothing to do with the current geopolitical tensions and I don’t understand why the EU has imposed sanctions on me,” he said.

Italian media have reported that another yacht, the Lena owned by Gennady Timchenko, the billionaire co-founder of commodities trader Gunvor, has been seized in Sanremo.

The first yacht seized as a result of EU sanctions was the Amore Vero, snatched Thursday in the French port of La Ciotat.

The mega-yacht belongs to a company linked to the head of Russian oil giant Rosneft.

Yachts, symbols of the massive wealth accrued by Russia’s elite, are among their overseas assets being targeted by Western sanctions.

The EU sanctions target more than 500 Russian individuals or entities whose assets are to be traced and frozen.

gab/gw/dw

Share This Article
Twitter Email Copy Link Print
Previous Article Jenna Jameson shares health update: ‘I still am unable to stand’ Jenna Jameson shares health update: ‘I still am unable to stand’
Next Article ‘Well, we usually don’t start wars’: Finnish president quips as Biden suggests ‘everything should be left to Nordic countries’ ‘Well, we usually don’t start wars’: Finnish president quips as Biden suggests ‘everything should be left to Nordic countries’

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Amazon’s Presidents’ Day sale is dwell now — discover all the most effective offers right here

The perfect Amazon Presidents' Day offers dwell now: We could also be properly previous Black…

By Enspirers | Editorial Board

Russian invasion of Ukraine throws world into new era of upheaval

Vladimir Putin invaded Ukraine — including attacking the capital, Kyiv — in an overnight barrage…

By Enspirers | Editorial Board

A Romance Scammer Took All Your Crypto. Who Ya Gonna Call?

Photo Illustration by Erin O'Flynn/The Daily Beast/GettyIn May of last year, someone claiming to be…

By Enspirers | Editorial Board

Pending house gross sales decline 5.5% after months of development

The Pending House Gross sales Index (PHSI), which tracks contract signings as a measure of…

By Enspirers | Editorial Board

You Might Also Like

Trump says he needs ‘Department of War’ as a substitute of protection division – US politics stay
World

Trump says he needs ‘Department of War’ as a substitute of protection division – US politics stay

By Enspirers | Editorial Board
Australia politics dwell: Labor to take a position m in commerce expertise instructing; MP with autistic daughter reveals concern over NDIS modifications
World

Australia politics dwell: Labor to take a position $30m in commerce expertise instructing; MP with autistic daughter reveals concern over NDIS modifications

By Enspirers | Editorial Board
Mushroom lunch survivor forgives Erin Patterson, saying she has ‘become the victim of my kindness’
World

Mushroom lunch survivor forgives Erin Patterson, saying she has ‘become the victim of my kindness’

By Enspirers | Editorial Board
Erin Patterson plea listening to reside updates: mushroom homicide prepare dinner faces victims’ households in pre-sentence listening to – newest information
World

Erin Patterson plea listening to reside updates: mushroom homicide prepare dinner faces victims’ households in pre-sentence listening to – newest information

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?