Steel magnate Alexei Mordashov is one of the Russian businessmen placed by the European Union on a blacklist of personalities considered close to President Vladimir Putin.
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The luxury ship is worth almost 65 million euros. Italy announced on Friday March 5 that it had seized the yacht from Alexei Mordashov, a Russian oligarch close to Vladimir Putin targeted by European Union (EU) sanctions after Moscow invaded Ukraine.
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Steel magnate Alexei Mordachov is the owner of the steel group Severstal. He is one of the Russian oligarchs placed by the EU on a blacklist of personalities considered close to the Russian president. These personalities were sanctioned by a freezing of their assets and a ban on staying in the EU.
In a statement released Monday evening, Alexei Mordashov had wanted to distance himself from the Russian authorities. “I have absolutely nothing to do with the current geopolitical tensions and I don’t understand why the EU imposed sanctions on me”he said.
According to Italian media, another yacht, the Lena, property of Gennady Timchenko, billionaire co-founder of Gunvor, a commodity trading company, was seized in Sanremo.