$700 Million Superyacht Linked to Putin Seized by Italian Authorities

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A $700 million luxurious megayacht with ties to Putin is frozen, in response to Italian authorities.
An Italian police investigation discovered vital ties between the ship and the Russian authorities.
The yacht, known as the Scheherazade, appeared able to set sail after being refloated on Tuesday. 

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A $700 million luxurious megayacht with ties to Russian President Vladimir Putin has been seized, Italian authorities introduced on Friday.An Italian police investigation discovered vital connections between the ship, known as the Scheherazade, and the Russian authorities, authorities stated. The Scheherazade appeared able to set sail after being loaded with meals and provides and refloated on Tuesday, probably in an effort geared toward leaving earlier than it could possibly be seized. The 459-foot vessel spent the earlier 9 months in a dry dock within the Tuscan port of Marina di Carrara, The New York Occasions reported.An ex-crew member instructed The Occasions that conversations arose about Putin probably being the proprietor of the yacht, however Italian authorities didn’t specify whether or not or not Putin owned the ship.

The Scheherazade is among the many newest Russian-owned megayachts to be seized on account of sanctions imposed after Russia’s invasion of Ukraine.The Amadea, a $300 million superyacht owned by sanctioned Russian oligarch Suleyman Kerimov, was additionally seized by officers in Fiji this week.