Italian authorities seize one of world’s largest superyachts from oligarch

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Sailing Yacht A, owned by Russian businessman Andrey Melnichenko, seized in Trieste on Friday evening

Sailing Yacht A pictured near Monaco harbour in May 2017.Last modified on Sat 12 Mar 2022 14.51 GMT

EuroChem and SUEK said in statements on Thursday that Melnichenko had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective on Wednesday. Melnichenko, the document states, “belongs to the most influential circle of Russian businesspeople with close connections to the Russian government”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said. “We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

 

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