France and Germany have seized two superyachts owned by Russian oligarchs, hitting Russia's super-rich under sanctions imposed on Moscow over its invasion of Ukraine.
s owned by Russian oligarchs, French authorities and Forbes magazine said, hitting Russia's super-rich under sanctions imposed on Moscow over its invasion of Ukraine.s owned by Russian billionaires are anchored or cruising in the Maldives, an Indian Ocean island nation, ship tracking data showed.s arrived in the Maldives after the West imposed sanctions on Russia.
"Thanks to the French customs officers who are enforcing the European Union's sanctions against those close to the Russian government," Finance Minister Bruno Le Maire said on Thursday after French customs seized the 88-metre "Amore Vero" .It was impounded in the French Riviera port of La Ciotat and belongs to a company whose main shareholder is Rosneft chief Igor Sechin, a close ally of Putin, the finance ministry said.
And in another sign of Russian oligarchs feeling the sanctions' heat, billionaire Roman Abramovich said on Wednesday he would sell the Chelsea Football Club and promised to donate money from the sale to help victims of the war in Ukraine.The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources said on Wednesday, after U.S.
"There is a significant chilling effect on any new business with Russia," said Matt Townsend, a sanctions partner at law firm Allen & Overy. "People are concerned about credit risk exposure but are also worried about what's coming next. Everyone's eyes are on the next wave of significant sanctions."The Amore Vero seized in La Ciotat had arrived there on Jan. 3 and was due to stay until April 1 for repairs, the French finance ministry said.was "taking steps to sail off urgently, without the repair works being over," the statement said.
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