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Reuters
Reuters
World

Italy orders seizure of yacht linked by media to Russian president

Vladimir Putin Italy
FILE PHOTO: Scheherazade, one of the world's biggest and most expensive yachts allegedly linked to Russian billionaires, is moored in the harbour of the small Italian town of Marina di Carrara, Italy, March 23, 2022. REUTERS/Jennifer Lorenzini

The Italian government ordered on Friday the seizure of a yacht worth some $700 million that has been linked in the media to Russian President Vladimir Putin.

The sleek, six-deck Scheherazade has been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity at the dockside has suggested the crew might be preparing to put to sea.

The Italian finance ministry said in a statement that investigations showed the owner of the boat had ties to "prominent elements of the Russian government" and with people targeted by European Union sanctions.

(Reporting by Crispian Balmer; Editing by Chris Reese)

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