Cops Are Blocking Superyachts of Sanctioned Russian Billionaires
- Alexey Mordashov’s Lady M held in coastal city of Imperia
- Gennady Timchenko’s Lena was detained in Sanremo on Saturday
The Lady M superyacht
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Italy’s Finance Police detained superyachts of sanctioned Russian billionaires, as authorities around the world ratchet up the pressure on the country’s elite following the invasion of Ukraine.
Gennady Timchenko’s Lena was seized in the coastal city of Sanremo in compliance with European Union sanctions, according to a statement from Prime Minister Mario Draghi’s office on Saturday. A media adviser to Draghi said on Twitter on Friday that police had also seized Alexey Mordashov’s Lady M in Imperia. The 65.5-meter (215-foot) boat had been moored there since the start of the month, maritime data collected by Bloomberg showed.