French authorities announced Thursday that they seized a yacht owned by Russian energy oligarch Igor Sechin.
Why it matters: Sechin is CEO of Rosneft, Russia’s massive state oil and gas company, and a longtime close ally and adviser of President Vladimir Putin, according to the European Union. He has been financially sanctioned by multiple countries after Russia’s unprovoked invasion of Ukraine.
What they’re saying: France seized the 280-foot Amore Velo yacht on March 2 in shipyards on the south coast of the country, according to a letter shared by Bruno Le Maire, France’s economy minister.
– Sechin was among the Russian elite that was the target of European Union sanctions announced on Feb. 28. The EU said he is “considered to be one of the most powerful members of the Russian Political elite.”
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French authorities seized a yacht owned by Russian energy oligarch and Putin ally Igor Sechin https://t.co/XFbmimzvhb
— Axios (@axios) March 3, 2022
A lot of Ukrainian refugees could live comfortably on this yacht. https://t.co/RinuQowWtU
— Benjamin Wittes (@benjaminwittes) March 3, 2022
Biden admin sanctions more Russian oligarchs, their families https://t.co/mWxs9arfOg pic.twitter.com/rhmoIlD0tS
— The Hill (@thehill) March 3, 2022
Italian officials seize $156 million in yachts, villas from Russian oligarchs https://t.co/menSHhiIXC pic.twitter.com/kSacvLxEH9
— The Hill (@thehill) March 5, 2022
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