Watch Police Seize $578 Million Superyacht Linked To Russian Billionaire

MILAN — Italian monetary police has seized a Russian-owned superyacht valued at $578 million within the port of Trieste as a part of seizures of oligarch wealth to strain Russian President Vladimir Putin to halt the battle on Ukraine.

The “Sy A” yacht was recognized by Italian police as belonging to billionaire Andrey Igorevich Melnichenko, who made a fortune in fertilizer manufacturing and coal vitality. It was seized Friday night.

Italy’s monetary police (@GDF) has simply frozen “SY A” - a crusing yacht value ~€530m positioned within the Port of Trieste. The yacht could possibly be linked not directly to Andrey Igorevich Melnichenko - a person within the EU sanctions record. pic.twitter.com/fRg6ZTIQRH

— Ferdinando Giugliano (@FerdiGiugliano) March 12, 2022

Video exhibits police in vehicles with flashing lights approaching the triple-mast yacht and officers boarding it.

Italian authorities final week seized some 143 million euros ($156 million) in luxurious yachts and villas belonging to Russian billionaires in such picturesque retreats as Sardinia, the Ligurian coast and Lake Como.

Sanzioni contro la Russia:
A Trieste, nel rimessaggio del porto, è stato sequestrato dalla Guardia di Finanza lo yacht a vela più grande del mondo, del valore di 530 milioni di euro. Lo "SY A" è riconducibile all'imprenditore russo Andrey Igorevich Melnichenko. pic.twitter.com/xj0V728Qsa

— Tg La7 (@TgLa7) March 11, 2022