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Italy seizes Russian billionaire Melnichenko's Sailing Yacht A

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The $578 million megayacht owned by Russian oligarch Andrey Melnichenko was seized by Italy

• Russian oligarch Andrey Melnichenko's yacht was seized Friday, Italian authorities said.
• Sailing Yacht A is the world's largest sailing yacht at around 469 feet long and has eight decks.
• Melnichenko was sanctioned by the European Union in response to Russia's invasion of Ukraine.

A megayacht belonging to Russian oligarch Andrey Melnichenko was seized by Italian authorities on Friday, CNN reported.

A statement from Italy's finance police said the yacht, known as SY A or Sailing Yacht A, was worth around 530 million euros, or $578 million, according to CNN. It also said the yacht was currently in storage in Trieste, Italy. Maritime tracking data viewed by Insider confirmed the location of the yacht in the Adriatic Sea.

Melnichenko is one of the billionaire oligarchs sanctioned by the European Union in response to Russia's invasion of Ukraine. Melnichenko, who is worth $11 billion according to Forbes, founded fertilizer producer EuroChem Group and coal energy company SUEK.

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In announcing its decision, the EU council said Melnichenko "belongs to the most influential circle of Russian businesspeople with close connections to the Russian Government." It also said he was among a group of 37 businesspeople who met with Russian President Vladimir Putin and other officials on February 24 to discuss the impact of potential sanctions.

"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 said, adding it also showed he is "providing a substantial source of revenue to the Government of Russia."

In a statement provided to Insider, a spokesperson for Melnichenko denied the EU's accusations about his connections to the war in Ukraine.

"Andrey Melnichenko is an international self-made entrepreneur. He has no relation to the tragic events in Ukraine. He has no political affiliations. To draw a parallel between attending a meeting through membership in a business council, just as dozens of businesspeople from both Russia and Europe have done in the past, and undermining or threatening a country is absurd and nonsensical," the statement said.

"There is no justification whatsoever for placing him on the EU sanctions list. We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail," the statement continued.

The spokesperson also noted Melnichenko resigned as a member of the board and main beneficiary of both EuroChem Group  and SUEK this week, as the companies announced in separate statements on Thursday. He also said both companies are privately owned and not affiliated with any government, and that EuroChem Group is based in Switzerland.

Sailing Yacht A is the worlds largest sailing yacht at around 469 feet long, according to SuperYachtFan.com . It has 300-foot masts, eight decks, a swimming pool, and an underwater observation pod. It's one of several megayachts owned by Russian oligarchs that are subject to sanctions.

Some Russian oligarchs and billionaires have tried to escape sanctions by transporting their luxury yachts to places like Dubai, which has not enacted sanctions, and the Maldives, which does not have an extradition treaty with the US.

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Ukraine war: £443m superyacht owned by oligarch Andrey Melnichenko seized in Italy as part of sanctions

The vessel, the biggest sailing yacht in the world, is owned by billionaire Andrey Melnichenko, who made a fortune in fertiliser production and coal.

News reporter

Sunday 13 March 2022 01:14, UK

A Russian-owned superyacht valued at £443m has been confiscated by Italian police in the port of Trieste as part of a global crackdown on wealthy oligarchs.

The Sy A yacht is owned by billionaire Andrey Melnichenko, 50, who made a fortune in fertiliser production and coal.

The vessel was seized on Friday evening.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht at 143m in length.

Read more: Russia says Western arms shipments now 'legitimate military targets' - follow latest updates on Ukraine war

Footage shows police cars approaching the triple-masted yacht and officers boarding it.

Italian authorities last week seized £120m in luxury yachts and villas belonging to Russian billionaires in picturesque retreats such as Sardinia, the Ligurian coast and Lake Como as part of sanctions against oligarchs linked to Vladimir Putin.

A statement from the Official Journal of the European Union described Melnichenko as belonging to the "most influential circle of Russian businesspeople with close connections to the Russian Government".

It added: "On 24 February 2022, in the aftermath of the initial stages of Russian aggression against Ukraine, Andrey Igorevich Melnichenko, along with other 36 businesspeople, met with President Vladimir Putin and other members of the Russian government to discuss the impact of the course of action in the wake of Western sanctions.

"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."

A spokesperson for Melnichenko said the businessman had "no relation to the tragic events in Ukraine and has no political affiliations".

"There is no justification whatsoever for placing him on the EU sanctions list.

"We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail."

A number of oligarchs have sought to move their superyachts to safe locations to avoid confiscation.

Roman Abramovich's superyacht Solaris has been spotted in the small Adriatic Sea state of Montenegro.

The 533ft Solaris was seen on Saturday outside the Porto Montenegro marina in the coastal town of Tivat after arriving from Barcelona.

There was no immediate comment from the Montenegrin authorities on the arrival of the £460m vessel.

The NATO country has joined Western sanctions imposed on Russia for its invasion of Ukraine.

It comes after Abramovich was sanctioned by the UK government .

The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers in response to Russia's invasion of Ukraine.

A government document announcing the move said that Abramovich has had a "close relationship for decades" with Putin.

The UK is the first nation to sanction Abramovich, who has been described by the government as a "pro-Kremlin oligarch".

The government has now sanctioned more than 200 individuals and entities.

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World's biggest sailing yacht owned by Russian billionaire is seized by Italian police

The $578 million 'sailing yacht a' has been sequestered in trieste.

Two superyachts linked to Russian billionaire Roman Abramovich were spotted on the Turkish coast on Tuesday, 'Eclipse' and 'My Solaris'. Mr Abramovich is among several wealthy Russians added to an EU blacklist as governments act to seize their yachts and other luxury assets. AP

Live updates: follow the latest news on Russia-Ukraine

A superyacht owned by Russian billionaire Andrey Igorevich Melnichenko has been seized by Italian police.

The $578 million Sailing Yacht A – which is the world’s biggest sailing yacht, according to the Italian government – has been sequestered at the northern port of Trieste, the government said.

The seizure was confirmed by the prime minister's office on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine .

The vessel, which is 143 metres high, was designed by Philippe Starck and built by Nobiskrug in Germany.

Mr Melnichenko owns major fertiliser producer EuroChem Group and coal company SUEK.

Last week, Italian police seized villas and yachts worth $156 million from five high-profile Russians who have been placed on the sanctions list.

The police operations were part of a co-ordinated drive by western states to penalise wealthy Russians linked to President Vladimir Putin.

The UK expanded its sanctions regime against seven Russian oligarchs on Thursday over their links to Mr Putin.

Chelsea owner Roman Abramovich was the most high-profile name on the list, as the UK government imposed asset freezes and a travel ban on the billionaire.

Foreign Secretary Liz Truss said: "With their close links to Putin they are complicit in his aggression. The blood of the Ukrainian people is on their hands. They should hang their heads in shame."

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Italy seizes Russian oligarch Melnichenko's Sailing Yacht A

ROME (REUTERS) - Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday (March 12), a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.

The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros (S$791 million), has been sequestered at the northern port of Trieste, the government said.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world’s biggest sailing yacht, the government said.  

Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK.

The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

Last week, Italian police seized villas and yachts worth 143 million euros  (S$212 million) from five high-profile Russians who have been placed on the sanctions list.

The police operations were part of a coordinated drive by Western states to penalise wealthy Russians linked to President Vladimir Putin.

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Corrected-italy seizes russian oligarch melnichenko's sailing yacht a.

(Corrects paragraph four regarding Melinchenko's relationship with EuroChem and SUEK)

ROME, March 12 (Reuters) - Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.

The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros ($578 million), has been sequestered at the northern port of Trieste, the government said.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht, the government said.

Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

Last week Italian police seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who have been placed on the sanctions list.

The police operations were part of a coordinated drive by Western states to penalise wealthy Russians linked to President Vladimir Putin.

($1 = 0.9167 euros) (Reporting by Emilio Parodi Writing by Giselda Vagnoni Editing by Frances Kerry)

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Italy seizes Russian billionaire Melnichenko’s yacht

A Finance Police officer boards the superyacht from Russian billionaire Andrey Igorevich Melnichenko which has been sequestered at the northern port of Trieste, Italy, March 12, 2022, in this screengrab taken from a video from the Finance Police (Handout via REUTERS)

BERGAMO, Italy — Italian police have seized a superyacht owned by Russian billionaire Andrey Igorevich Melnichenko, the prime minister’s office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia’s invasion of Ukraine.

The 143-meter (470-foot) Sailing Yacht A, which has a price tag of €530 million ($578 million), has been sequestered at the northern port of Trieste, the government said.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world’s biggest sailing yacht, the government said.

Melnichenko owned major fertilizer producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

A spokesperson for Melnichenko, Alex Andreev, said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said. “We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.

Since last week Italian police have seized villas and yachts worth more than 700 million euros ($763.63 million) from high-profile Russians who have been placed on the EU sanctions list, Economy Minister Daniele Franco said on Saturday.

“So far we have hit what was visible, now we have to hit the rest such as shareholdings. We are doing a great job to bring out what is shielded by trusts and front names,” Giuseppe Zafarana, head of the Italian tax police, told journalists in Bergamo on Saturday.

The police operations were part of a coordinated drive by Western states to penalize wealthy Russians they say are linked to President Vladimir Putin.

Separately, a superyacht reported to be owned by Russian businessman Roman Abramovich arrived in Montenegro’s territorial waters on Saturday morning, according to a Reuters photographer.

The Solaris is one of a string of yachts owned by Chelsea Football Club owner Abramovich, according to reports in luxury goods publications SuperYachtFan, SuperYacht Times, and Forbes.

The 140-meter (460-foot) vessel is moored off the luxury resort Porto Montenegro in the town of Tivat. The boat left Barcelona on Tuesday.

Britain imposed sanctions on Abramovich on Thursday, freezing his assets and citing what it called his close relationship with Putin. Abramovich has denied having such ties.

($1 = €0.9167)

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World's Largest Sailing Yacht Meets Its Baby Brother In Monaco

Russian oligarch Andrey Melnichenko owns both of the Philippe Starck-designed megayachts, which sailed together for the first time.

Size matters.

At 468 feet long, the Philippe Starck-designed sailboat dwarfs the smaller yacht, which Melnichenko also built and reportedly put up for sale last year .

The Russian, who has an estimated net worth of $12.9 billion and founded companies including a fertilizer producer, a coal producer, a power generator, and a pipe exporter, spent a reported $400 million on the sailing vessel.

Its masts reach 300 feet into the sky (the main one is so large it has a small room inside it) and the yacht can reach a maximum speed of 24 miles per hour. A crew of 54 attends to the 20 guests it can hold.

Melnichenko allegedly chose the name "A" to make sure that his vessels were listed first in shipping registers.

Sam Dangremond is a Contributing Digital Editor at Town & Country, where he covers men's style, cocktails, travel, and the social scene.

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Italy seizes russian billionaire's mega-yacht.

Italian police seized a Russian-owned superyacht valued at more than half a billion dollars. The yacht, belonging to Andrey Igorevich Melnichenko, was seized last month. April 2, 2022

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Italy seizes Russian billionaire Melnichenko’s Sailing Yacht A

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This is AI generated summarization, which may have errors. For context, always refer to the full article.

SUPERYACHT. The sail-assisted motor yacht Sailing Yacht A, owned by Russian tycoon Andrey Melnichenko, is seen in front of the Monaco harbor, May 4, 2017.

Stefano Rellandini/Reuters

BERGAMO, Italy – Italian police have seized a superyacht owned by Russian billionaire Andrey Igorevich Melnichenko, the prime minister’s office said on Saturday, March 12, a few days after the businessman was placed on a European Union sanctions list following Russia’s invasion of Ukraine .

The 143-meter (470-foot) Sailing Yacht A, which has a price tag of 530 million euros ($578 million), has been sequestered at the northern port of Trieste, the government said.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world’s biggest sailing yacht, the government said.

Melnichenko owned major fertilizer producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday, March 10, that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday, March 9.

A spokesperson for Melnichenko, Alex Andreev, said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations.”

“There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said. “We will be disputing these baseless and unjustified sanctions , and believe that the rule of law and common sense will prevail.”

Since last week, Italian police have seized villas and yachts worth more than 700 million euros ($763.63 million) from high-profile Russians who have been placed on the EU sanctions list, Economy Minister Daniele Franco said on Saturday.

“So far we have hit what was visible, now we have to hit the rest such as shareholdings. We are doing a great job to bring out what is shielded by trusts and front names,” Giuseppe Zafarana, head of the Italian tax police, told journalists in Bergamo on Saturday.

The police operations were part of a coordinated drive by Western states to penalize wealthy Russians they say are linked to President Vladimir Putin.

Separately, a superyacht reported to be owned by Russian businessman Roman Abramovich arrived in Montenegro’s territorial waters on Saturday morning, according to a Reuters photographer.

The Solaris is one of a string of yachts owned by Chelsea Football Club owner Abramovich, according to reports in luxury goods publications SuperYachtFan , SuperYacht Times, and Forbes .

The 140-meter (460-foot) vessel is moored off the luxury resort Porto Montenegro in the town of Tivat. The boat left Barcelona on Tuesday, March 8.

Britain imposed sanctions on Abramovich on Thursday, freezing his assets and citing what it called his close relationship with Putin. Abramovich has denied having such ties. – Rappler.com

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Italy seizes Russian billionaire Melnichenko’s Sailing Yacht A

BERGAMO, Italy (Reuters) -Italian police have seized a superyacht owned by Russian billionaire Andrey Igorevich Melnichenko, the prime minister’s office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia’s invasion of Ukraine.

Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

“There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said. “We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.

Since last week Italian police have seized villas and yachts worth more than 700 million euros ($763.63 million) from high-profile Russians who have been placed on the EU sanctions list, Economy Minister Daniele Franco said on Saturday.

“So far we have hit what was visible, now we have to hit the rest such as shareholdings. We are doing a great job to bring out what is shielded by trusts and front names,” Giuseppe Zafarana, head of the Italian tax police, told journalists in Bergamo on Saturday.

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15 men brought to military enlistment office after mass brawl in Moscow Oblast

Local security forces brought 15 men to a military enlistment office after a mass brawl at a warehouse of the Russian Wildberries company in Elektrostal, Moscow Oblast on Feb. 8, Russian Telegram channel Shot reported .

29 people were also taken to police stations. Among the arrested were citizens of Kyrgyzstan.

A mass brawl involving over 100 employees and security personnel broke out at the Wildberries warehouse in Elektrostal on Dec. 8.

Read also: Moscow recruits ‘construction brigades’ from Russian students, Ukraine says

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron !

Read the original article on The New Voice of Ukraine

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