Italian police confiscated Mordashov's yacht and blocked Timchenko's yacht

Italian police have confiscated a yacht belonging to Alexey Mordashov, Russia's richest man, who was blacklisted by the European Union this week, Reuters reported. Before the imposition of sanctions, the chairman of the board of Severstal was the owner of assets worth $29.1 billion. His 65-meter yacht Lady M was in Liguria, in the port of Imperia. According to media reports, Lady M was built in the United States, at the Palmer Johnson shipyard, in 2013, Forbes magazine estimated it at $ 27 million.

Mordashev's fortune, according to Forbes, was $29.1 billion before the imposition of sanctions, making him the richest person in Russia. He also owns real estate in Italy, a villa worth around 66 million euros ($72 million) on the coast of Sardinia. It is not yet clear if it has also been withdrawn.

At the same time, a yacht belonging to Gennady Timchenko was blocked in the same Ligurian marina, and soon it will also be confiscated. A little earlier, the French finance minister announced the arrest of the yacht of the head of Rosneft, Igor Sechin, in the Mediterranean port of La Ciotat.