Mysterious $700 million superyacht linked to Putin grabbed by Italian authorities

Claud Mccoid

On Friday, Rolling Stone reported that Italian authorities have seized an opulent superyacht believed to be owned by Vladimir Putin himself, right before it could go away port.

The seizure is aspect of an ongoing work by Western international locations to punish the Kremlin for the invasion of Ukraine.

“The $700 million, 459-foot Scheherazade, really worth close to $700 million, experienced been less than investigation considering that March, when Italian authorities boarded the ship as portion of the European Union’s sanctions against Russian oligarchs,” described Daniel Kreps. “Whilst Scheherazade’s possession was under dilemma, anti-corruption journalists working with jailed Russian opposition leader Alexei Navalny lengthy claimed that the ship belonged to Putin U.S. officers also connected the Scheherazade to Putin, the New York Instances described.”

“A subsequent report by Italian newspaper La Stampa related the Scheherazade by way of shell corporations to Russian oligarch Eduard Yurievich Khudainatov, former president of Russian oil corporation Rosneft, though his ‘ownership’ is believed to obfuscate the serious owner of the ship,” the report continued.

This is the most up-to-date of a series of seizures of luxury yachts about the entire world considered to be linked to Russian oligarchs.

In March, a yacht belonging to Russian billionaire Alisher Usmanov was seized in Germany. And in April, Spanish authorities froze a yacht recognised as “The Tango,” owned by oligarch Viktor Vekselberg.

Next Post

Thomas Zhang Gives Opening Remark of Data Security Panel Session at Austria Connect China 2022

Thomas Zhang, Companion and Head of IT & IS, just lately spoke at Edge Austria’s yearly conference, AUSTRIA Link CHINA 2022. Held in Beijing, this 3-working day hybrid celebration was hosted by the professional segment of the Austrian Embassy with Thomas signing up for virtually from Shenzhen. In the course […]