Italian authorities seize Putin’s alleged $700M superyacht foxbusiness.com
The Scheherazade, a 459-foot luxury yacht, is docked at the shipyard in Marina Di Carrara, Italy, March 23, 2022. (Francesco Mazzei/Bloomberg via Getty Images / Getty Images)
Italian authorities seized a $700 million luxury yacht with ties to the Russian government, Rome’s ministry of finance announced on Friday.
Italian authorities scrambled to investigate the nearly 460-foot superyacht known as the Scheherazade, which was dry-docked in the Tuscan port of Marina di Carrara as concerns mounted the Kremlin-linked vessel would set out to Italian waters shortly.
The yacht was seized under coordinated measures with the European Union due to Russia’s involvement in “undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.”
The finance ministry said the vessel, which flew the flag of the Cayman Islands, “had long been under the attention of the authorities.”
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