Italian police are seizing the world’s largest sailing yacht, the $794 million Sailing Yacht A, owned by Russian billionaire Andrey Igorevich Melnichenko

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

“Now we have to beat the rest, such as holdings”

“So far we have met the visible, now we have to meet the rest, such as investments,” said Giuseppe Zafarana, head of the Italian tax police, on Saturday to journalists in Bergamo. “We’re doing a great job of bringing out what’s shielded by trusts and front names.”

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

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

According to reports in luxury goods publications, the Solaris is one of a series of yachts owned by Chelsea Football Club owner Mr Abramovich SuperYachtFan, SuperYacht times and forbes.

The 140-meter-long ship is moored in front of the luxury resort of Porto Montenegro in the town of Tivat. The boat left Barcelona on Tuesday.

Britain on Thursday imposed sanctions on Mr Abramovich, freezing his assets and citing his close relationship with Mr Putin. Mr. Abramovich has denied having any such connections.

Take a look inside Sailing Yacht A below.

Reuters

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