Italy seizes Russian billionaire Melnichenko's Sailing Yacht A

  • Medium Text

Finance Police seizes superyacht from Russian billionaire Andrey Igorevich Melnichenko

Sign up here.

Reporting by Emilio Parodi in Bergamo and Stevo Vasiljevic in Tivat Writing by Giselda Vagnoni Editing by Frances Kerry

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Rishi Sunak campaigns for the Conservatives in North Devon

World Chevron

Russia's President Putin visits Vietnam

Russian President Putin arrives in Vietnam for state visit

Russian President Vladimir Putin arrived in Vietnam early on Thursday for talks with the country's Communist leaders after concluding a defence pact with North Korea for his final stop on a two-nation tour of Asia.

Displaced Palestinians shelter in a tent camp, in Rafah

Ukraine war: £443m superyacht owned by oligarch Andrey Melnichenko seized in Italy as part of sanctions

The vessel, the biggest sailing yacht in the world, is owned by billionaire Andrey Melnichenko, who made a fortune in fertiliser production and coal.

putin yacht triest

News reporter

Sunday 13 March 2022 01:14, UK

The £443m superyacht owned by oligarch Andrey Igorevich Melnichenko seized in Italy

A Russian-owned superyacht valued at £443m has been confiscated by Italian police in the port of Trieste as part of a global crackdown on wealthy oligarchs.

The Sy A yacht is owned by billionaire Andrey Melnichenko, 50, who made a fortune in fertiliser production and coal.

The vessel was seized on Friday evening.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht at 143m in length.

Read more: Russia says Western arms shipments now 'legitimate military targets' - follow latest updates on Ukraine war

An Italian officer boards Melnichenko's superyacht

Footage shows police cars approaching the triple-masted yacht and officers boarding it.

Italian authorities last week seized £120m in luxury yachts and villas belonging to Russian billionaires in picturesque retreats such as Sardinia, the Ligurian coast and Lake Como as part of sanctions against oligarchs linked to Vladimir Putin.

A statement from the Official Journal of the European Union described Melnichenko as belonging to the "most influential circle of Russian businesspeople with close connections to the Russian Government".

It added: "On 24 February 2022, in the aftermath of the initial stages of Russian aggression against Ukraine, Andrey Igorevich Melnichenko, along with other 36 businesspeople, met with President Vladimir Putin and other members of the Russian government to discuss the impact of the course of action in the wake of Western sanctions.

The 142.81 metre sail-assisted yacht in front of Monaco harbour in 2017

"The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine."

A spokesperson for Melnichenko said the businessman had "no relation to the tragic events in Ukraine and has no political affiliations".

"There is no justification whatsoever for placing him on the EU sanctions list.

"We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail."

A number of oligarchs have sought to move their superyachts to safe locations to avoid confiscation.

Roman Abramovich's superyacht Solaris has been spotted in the small Adriatic Sea state of Montenegro.

A view of Russian metals and petroleum magnate Roman Abramovich's superyacht Solaris anchored in Tivat, Montenegro (pic: AP)

The 533ft Solaris was seen on Saturday outside the Porto Montenegro marina in the coastal town of Tivat after arriving from Barcelona.

There was no immediate comment from the Montenegrin authorities on the arrival of the £460m vessel.

The NATO country has joined Western sanctions imposed on Russia for its invasion of Ukraine.

It comes after Abramovich was sanctioned by the UK government .

The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers in response to Russia's invasion of Ukraine.

A government document announcing the move said that Abramovich has had a "close relationship for decades" with Putin.

FILE - Chelsea soccer club owner Roman Abramovich sits in his box before their English Premier League soccer match against Sunderland at Stamford Bridge stadium in London, Dec. 19, 2015.Unpreceded restrictions have been placed on Chelsea’s ability to operate by the British government after owner Roman Abramovich is targeted in sanctions. Abramovich is among seven wealthy Russians who had their assets frozen by the government. It freezes his ability to sell Chelsea which was announced last week a

The UK is the first nation to sanction Abramovich, who has been described by the government as a "pro-Kremlin oligarch".

The government has now sanctioned more than 200 individuals and entities.

Related Topics

UK Edition Change

  • UK Politics
  • News Videos
  • Paris 2024 Olympics
  • Rugby Union
  • Sport Videos
  • John Rentoul
  • Mary Dejevsky
  • Andrew Grice
  • Sean O’Grady
  • Photography
  • Theatre & Dance
  • Culture Videos
  • Fitness & Wellbeing
  • Food & Drink
  • Health & Families
  • Royal Family
  • Electric Vehicles
  • Car Insurance Deals
  • Lifestyle Videos
  • UK Hotel Reviews
  • News & Advice
  • Simon Calder
  • Australia & New Zealand
  • South America
  • C. America & Caribbean
  • Middle East
  • Politics Explained
  • News Analysis
  • Today’s Edition
  • Home & Garden
  • Broadband deals
  • Fashion & Beauty
  • Travel & Outdoors
  • Sports & Fitness
  • Sustainable Living
  • Climate Videos
  • Solar Panels
  • Behind The Headlines
  • On The Ground
  • Decomplicated
  • You Ask The Questions
  • Binge Watch
  • Travel Smart
  • Watch on your TV
  • Crosswords & Puzzles
  • Most Commented
  • Newsletters
  • Ask Me Anything
  • Virtual Events
  • Betting Sites
  • Online Casinos
  • Wine Offers

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in Please refresh your browser to be logged in

SY A: Italy seizes one of the world’s largest superyachts owned by Russian businessman

The vessel, called “sy a”, is in storage at the northeastern port of trieste, article bookmarked.

Find your bookmarks in your Independent Premium section, under my profile

Breaking News

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails

Sign up to our free breaking news emails, thanks for signing up to the breaking news email.

A £530 million mega yacht owned by Russian oligarch Andrey Melnichenko was seized on Friday by Italian authorities.

The vessel, called “SY A”, was in storage at the northeastern port of Trieste , a statement from Italy ’s financial police said.

Mr Melnichenko was one of a number of Russian elites recently sanctioned by the EU over close supposed links to the Kremlin, in response to Vladimir Putin’s decision to invade Ukraine .

In announcing its decision the EU said Mr Melnichenko - who owns fertilizer producer EuroChem Group and coal company SUEK - was among a group of 36 businesspeople who met with Mr Putin and other officials on February 24 to discuss the impact of economic sanctions by the EU and EU.

The EU Council decision said: “The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine.

“It also shows that he is one of the leading businesspersons involved in economic sectors providing a substantial source of revenue to the government of Russia, which is responsible for annexation of Crimea and ​destabilization of Ukraine.”

The businessman is worth approximately £8.4billion ($11 billion) - making him the eight richest man in Russia, according to Forbes.

The 143m (469ft) long superyacht was constructed by German shipbuilder Nobiskrug and features a host of amenities, including an underwater observation pod and hybrid diesel-electric propulsion.

Andrey and Aleksandra Melnichenko

European countries have responded rapidly to seize assets from Russian oligarchs and have already taken a number of the sailing vessels.

Italian authorities have taken Lena belonging to Gennady Timchenko, in the port of San Remo and the Lady M owned by Alexei Mordashov in nearby Imperia.

And French customs officials seized the yacht of Rosneft boss Igor Sechin, before it attempted to flee a French Riviera port.

A number of superyachts owned by Russian billionaires appeared to have found temporary haven in the Maldives, a luxury holiday destination, that crucially does not have an extradition treaty with the US or EU.

The Independent has a proud history of campaigning for the rights of the most vulnerable, and we first ran our Refugees Welcome campaign during the war in Syria in 2015. Now, as we renew our campaign and launch this petition in the wake of the unfolding Ukrainian crisis, we are calling on the government to go further and faster to ensure help is delivered. To find out more about our Refugees Welcome campaign, click here . To sign the petition click here . If you would like to donate then please click here for our GoFundMe page.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Subscribe to Independent Premium to bookmark this article

Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.

New to The Independent?

Or if you would prefer:

Want an ad-free experience?

Hi {{indy.fullName}}

  • My Independent Premium
  • Account details
  • Help centre
  • Environment
  • Road to Net Zero
  • Art & Design
  • Film & TV
  • Music & On-stage
  • Pop Culture
  • Fashion & Beauty
  • Home & Garden
  • Things to do
  • Combat Sports
  • Horse Racing
  • Beyond the Headlines
  • Trending Middle East
  • Business Extra
  • Culture Bites
  • Year of Elections
  • Pocketful of Dirhams
  • Books of My Life
  • Iraq: 20 Years On

World's biggest sailing yacht owned by Russian billionaire is seized by Italian police

The $578 million 'sailing yacht a' has been sequestered in trieste.

Two superyachts linked to Russian billionaire Roman Abramovich were spotted on the Turkish coast on Tuesday, 'Eclipse' and 'My Solaris'. Mr Abramovich is among several wealthy Russians added to an EU blacklist as governments act to seize their yachts and other luxury assets. AP

Two superyachts linked to Russian billionaire Roman Abramovich were spotted on the Turkish coast on Tuesday, 'Eclipse' and 'My Solaris'. Mr Abramovich is among several wealthy Russians added to an EU blacklist as governments act to seize their yachts and other luxury assets. AP

The National author image

Live updates: follow the latest news on Russia-Ukraine

A superyacht owned by Russian billionaire Andrey Igorevich Melnichenko has been seized by Italian police.

The $578 million Sailing Yacht A – which is the world’s biggest sailing yacht, according to the Italian government – has been sequestered at the northern port of Trieste, the government said.

The seizure was confirmed by the prime minister's office on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine .

The vessel, which is 143 metres high, was designed by Philippe Starck and built by Nobiskrug in Germany.

'Sailing Yacht A', owned by Russian oligarch Andrey Melnichenko, in front of Monaco harbour. The yacht has been siezed by Italian police. Reuters

Mr Melnichenko owns major fertiliser producer EuroChem Group and coal company SUEK.

Last week, Italian police seized villas and yachts worth $156 million from five high-profile Russians who have been placed on the sanctions list.

The police operations were part of a co-ordinated drive by western states to penalise wealthy Russians linked to President Vladimir Putin.

Andrei Melnichenko is one of many wealthy Russians who have been penalised by western states for their links to President Vladimir Putin. Reuters

The UK expanded its sanctions regime against seven Russian oligarchs on Thursday over their links to Mr Putin.

Chelsea owner Roman Abramovich was the most high-profile name on the list, as the UK government imposed asset freezes and a travel ban on the billionaire.

Foreign Secretary Liz Truss said: "With their close links to Putin they are complicit in his aggression. The blood of the Ukrainian people is on their hands. They should hang their heads in shame."

A police officer boards the superyacht owned by Russian billionaire Andrey Melnichenko which has been sequestered at the northern port of Trieste, Italy. Reuters

  • Work & Careers
  • Life & Arts

Become an FT subscriber

Try unlimited access only $1 for 4 weeks.

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

  • Global news & analysis
  • Expert opinion
  • Special features
  • FirstFT newsletter
  • Videos & Podcasts
  • Android & iOS app
  • FT Edit app
  • 10 gift articles per month

Explore more offers.

Standard digital.

  • FT Digital Edition

Premium Digital

Print + premium digital, ft professional, weekend print + standard digital, weekend print + premium digital.

Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%.

  • Global news & analysis
  • Exclusive FT analysis
  • FT App on Android & iOS
  • FirstFT: the day's biggest stories
  • 20+ curated newsletters
  • Follow topics & set alerts with myFT
  • FT Videos & Podcasts
  • 20 monthly gift articles to share
  • Lex: FT's flagship investment column
  • 15+ Premium newsletters by leading experts
  • FT Digital Edition: our digitised print edition
  • Weekday Print Edition
  • Videos & Podcasts
  • Premium newsletters
  • 10 additional gift articles per month
  • FT Weekend Print delivery
  • Everything in Standard Digital
  • Everything in Premium Digital

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

  • 10 monthly gift articles to share
  • Everything in Print
  • Make and share highlights
  • FT Workspace
  • Markets data widget
  • Subscription Manager
  • Workflow integrations
  • Occasional readers go free
  • Volume discount

Terms & Conditions apply

Explore our full range of subscriptions.

Why the ft.

See why over a million readers pay to read the Financial Times.

International Edition

an image, when javascript is unavailable

  • 672 Wine Club
  • Motorcycles
  • Car of the Month
  • Destinations
  • Men’s Fashion
  • Watch Collector
  • Art & Collectibles
  • Vacation Homes
  • Celebrity Homes
  • New Construction
  • Home Design
  • Electronics
  • Fine Dining
  • Gateway Bronco
  • On Location – Olympic Games Paris 2024
  • One&Only
  • The Ritz-Carlton, Kapalua
  • Saratoga Spring Water
  • Wynn Las Vegas
  • Sports & Leisure
  • Health & Wellness
  • Best of the Best
  • The Ultimate Gift Guide

Italian Police Seize Russian Oligarch Andrey Melnichenko’s 468-Foot ‘Sailing Yacht A’

The list keeps growing with the impoundment of "sailing yacht a" and suspicion that "scheherazade" might be connected to vladimir putin., michael verdon, michael verdon's most recent stories.

  • Meet 9 Creative Innovators Who Are Changing Luxury as We Know It
  • Feadship’s New 195-Foot Hybrid Superyacht Is 35% More Efficient Than a Conventional Vessel
  • The Billionaire Space Race Is About to Heat Up Again—Here’s What You Need to Know
  • Share This Article

Russian oligarchs yachts continued to be seized

Italy’s finance police seized one of the world’s most iconic sailing yachts, owned by a Russian oligarch. Andrey Melnichenko’s Sailing Yacht A , with an estimated value of $578 million, was impounded in dry dock at the Port of Trieste, according to a statement from the Guardia di Finanzia. Melninchenko was sanctioned by the European Union on March 9 as part of a group of Russian oligarchs who met with Russian President Vladimir Putin following its Ukraine invasion to discuss the potential economic impact of EU and American sanctions.

Related Stories

  • The New Audi E-Tron Is the Marque’s Most Powerful Production Car Ever

Lürssen’s Newest Superyacht Is a 269-Foot Tri-Deck Behemoth

  • Koenigsegg Tells Jesko Owners to Stop Driving the Supercar Because One Caught Fire

Melnichenko owns the major fertilizer producer EuroChem Group and SUEK, a coal company. He also owns the 390-foot Motor Yacht A. A spokesperson said in a statement that Melnichenko has nothing to do with politics and that he has removed himself from the board of Eurochem and SUEK after the EU sanctioned him. “He has no relation to the tragic events in Ukraine. He has no political affiliations,” said the statement.

US intelligence officials have also said they are trying to link the Scheherazade , a $700 million superyacht in dry dock in Italy, to Putin. The New York Times reported that the US government has made no definite conclusions about the yacht’s ownership, but believe it could be owned by the Russian president. The yacht’s captain, Guy Bennett-Pearce, told the Times that Putin had no stake in the yacht, but declined to name the owner. Bennett-Pearce said he would provide Italian police with documents that divulged the owner’s name. The Italian Sea Group, which owns the shipyard where Scheherazade is dry docked, said that, based on “checks carried out by relevant authorities,” the yacht is “not attributable to the property of Russian President Vladimir Putin.”

Russian oligarchs yachts continued to be seized

Roman Abramovich, who owns Solaris. last week was placed on the UK sanctions list.  Courtesy of Lloyd Werft

Chelsea FC owner Roman Abramovich was also added to the UK sanctions list days after he announced the sale of the football club. Abramovich, who owns a string of supercars and several private jets, also owns the superyachts Solaris and Eclipse. Solaris is reportedly sailing towards Israel, where Abramovich has dual citizenship.

On March 3, France’s finance ministry said that it had impounded Amore Vero , a yacht owned by Igor Sechin, CEO of Russian oil giant Rosneft. The EU had sanctioned Sechin earlier that week, calling him one of Putin’s “most trusted and closest advisors, as well as his personal friend.” German authorities also detained the 512-foot superyacht Dilbar in Hamburg, owned by Alisher Usmanov. Reports said the crew was fired last week. On March 5, Italian authorities impounded two yachts, Lena and Lady M , owned by Gennady Timchenko and Alexei Mordashov, respectively.

On Friday, the US State Department placed Viktor Vekselberg on its sanctions list. Two of Vekeselberg’s luxury assets, an Airbus A319-115 jet and his yacht Tango , were identified as “blocked property.”

Russian oligarchs yachts continue to be seized.

The superyacht Scheherazade was impounded in Italy during an investigation to uncover whether it is owned by Russian President Vladimir Putin.  Video Still/YT

The seizures have prompted the superyacht industry to distance itself from the oligarchs. Italian yacht builders Sanlorenzo and Azimut both released statements that they have limited exposure to Russian clients, and none are on the sanctions list. Heesen Yachts released a statement that two Russians sitting on its supervisory board of directors have resigned their positions. The builder said Heesen is 100-percent Dutch-owned company and that Pavel Sukhoruchkin and Pavel Novoselov had nothing to do with its day-to-day operations.

Ownership of many Russian yachts is often hidden by shell companies in tax havens like the Cayman Islands. They are not only hard to trace, but actually seizing and selling them could present a legal quagmire that could take years to resolve.

Some are wondering whether seizing the oligarchs’ private yachts and jets will work. “Sanctions are another example of the West doing what it does best, which is just throwing a lot of cash at the problem and hoping it gets solved,” Olga Chyzh, a professor of political science at the University of Toronto, told the Washington Post. “However sad they are to let go of their Western assets, oligarchs have even more to lose if Putin is no longer there to protect them.”

Russian oligarchs yachts continued to be seized

Eclipse is another yacht owned by Roman Abramovich.  Robb Report File

In the meantime, some oligarchs are taking their yachts to destinations like the Maldives , the Seychelles and Dubai, which have no extradition treaties with the US and EU. Dubai has become a favorite destination for Russian tourism and wealth.

Alex Finley, a former CIA officer, has been tracking the yachts from Barcelona. Using the hashtag “Yacht Watch,” she posts updates on Twitter for Russian-owned superyachts.

“For me, the yachts are a big, easily recognizable symbol of the more serious side of this [Russian invasion]: These are people who support a dictator, and have been supporting him in carrying out destabilization operations against democracy, while at the same time coming here and taking all the benefits of the exact same democracies they were destabilizing,” Finley told the Washington Post.

Read More On:

  • Azimut Yachts
  • Sanlorenzo Yachts

More Marine

Lürssen Superyacht Haven

This 170-Foot Sportfishing Superyacht Is One of the World’s First—Here’s a Look Inside

Bluephire 34

This Sleek New 112-Foot Aluminum Superyacht Has an All-Glass Sky Roof

Special One Sportfishing Yacht

The World’s Largest Sportfishing Yacht Just Embarked on Its Maiden Voyage

magazine cover

The Grand UK Debut

JULY 17 - 19, 2024 Head to the British countryside to test and evaluate the top luxury and performance vehicles of 2024.

Give the Gift of Luxury

Latest Galleries in Marine

Lürssen Superyacht Haven

‘Haven’ Superyacht in Photos

Bluephire 34

Bluephire 34 in Photos

More from our brands, tory burch goes down the rabbit hole in paris, nets parent bse global valued at $6 billion as kochs land 15% stake, viggo mortensen, clive owen, daniel brühl to be honored at karlovy vary film festival, canadian artist who created famous coin likeness of queen elizabeth sues vancouver dealer, the best yoga mats for any practice, according to instructors.

Quantcast

See inside President Vladimir Putin's opulent $100 million superyacht

  • Russian President Vladimir Putin spent $32 million refitting a superyacht, a new report suggests.
  • The yacht, called Graceful, was renovated while Russian soldiers were fighting in Ukraine.
  • Photos of the vessel were shared by an investigation from dissident Alexei Navalny's team.

Insider Today

While his troops flooded into Ukraine, Russian President Vladimir Putin was spending millions of dollars on an opulent refit of one of his superyachts, according to an investigation from opposition leader Alexei Navalny's team.

The imprisoned anti-corruption campaigner's team released plans for the yacht called Graceful and said to belong to Russian President Vladimir Putin, that show a helipad, a sauna, an indoor swimming pool that can convert into a dancefloor, and an elaborate dining room with seating for 12 people.

Photos of the lavishly decorated interior also show marble bathrooms, champagne-colored carpets that cost as much as $88,000, and lavish bedrooms containing beds worth around $34,000.

The investigation also shared pictures of an elegant bookcase that it said contained a photo album of Saint Petersburg, a Russian-German dictionary, and a book about former Russian Prime Minister Pyotr Stolypin, assassinated in Ukraine in 1911.

The total cost of the works came to $32 million, according to the investigation.

"Half of the country is forced to raise money for underwear and socks for mobilized soldiers and to make trench candles, while the person who unleashed this war spends three billion roubles just on repairs and purchases for his yacht," the report says.

The 269-foot yacht, which left Hamburg, Germany , just before Russia's full-scale invasion of Ukraine in February 2022, is worth around $100 million.

Related stories

The Navalny team also published an email from January 2022 to the managers of the Blohm & Voss shipyard, which says that the "owner of Graceful is not happy with refit execution."

"They are dissatisfied with delays in construction schedule," it continues, before adding that the "owners wish to remove Graceful on 01 of February to Russian Federation to complete refit."

The message also mentions concerns about potential delays caused by rising COVID-19 cases and asks the shipbuilders to "accelerate all works which may interfere with Graceful sailing out on 01 February."

The ship was finally seen departing Hamburg on February 7 as it made its way to Kaliningrad, Russia.

The vessel has been under investigation by the US Department of the Treasury's Office of Foreign Assets Control since last year.

"OFAC is identifying Russia-flagged Graceful and Cayman Islands-flagged Olympia, as blocked property in which President Vladimir Putin has an interest," the US Treasury website said in a June 2022 press release.

"While the leader of Russia, Putin has taken numerous trips on these yachts, including a 2021 trip in the Black Sea where he was joined by Alyaksandr Lukashenka, the OFAC-designated corrupt ruler of Belarus, who has supported Russia's war against Ukraine," it adds.

The Navalny team also highlighted a phone shown in one of the photographs of an office on the yacht in which a "Prestige-CB" telephone can be seen.

The report says that these phones, which have no buttons and are decorated with the Russian coat of arms, are used for "top secret" state communications and cannot be bought by the general public. It adds that Putin has the same phone in all of his offices.

The Russian president is reportedly also the owner of the 450-foot, $700 million Scheherazade , one of the largest yachts in the world. The superyacht was impounded in an Italian port last year due to its connections to the Russian government.

Putin is also thought to be the owner of a smaller, Cayman Islands-flagged yacht called Olympia, a gift from the billionaire Russian oligarch, Roman Abramovich.

Watch: Inside Putin's secret bunker and billion-dollar palace

putin yacht triest

  • Main content
  • International edition
  • Australia edition
  • Europe edition

Sailing Yacht A pictured near Monaco harbour in May 2017.

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

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

  • Russia-Ukraine war – latest news

Italian authorities have seized a €530m (£444m) superyacht owned by Russian businessman Andrey Melnichenko as part of EU sanctions following Vladimir Putin’s invasion of Ukraine .

Sy A – short for Sailing Yacht A – was seized on Friday evening in the port of Trieste after being identified by Italian police as belonging to the billionaire owner of EuroChem Group, a major fertiliser producer, and the coal company SUEK.

Video footage reportedly showed police cars with flashing lights approaching the yacht, said to be one of the largest in the world, and boarding it.

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.

It comes as Roman Abramovich’s superyacht Solaris was pictured arriving in Tivat, Montenegro, on Saturday. The vessel left a port in Barcelona earlier this week as the UK government imposed sanctions on the Russian billionaire owner of Chelsea Football Club.

On Thursday, it was tracked off the coast of Sicily after reportedly undergoing repairs earlier in the week in Barcelona, one of a number of apparently hurried sailings of Russian billionaires moving their superyachts to avoid seizure. His other yacht, the more luxurious Eclipse, was on Thursday located to the west of the Canary Islands.

A European Council decision authorising the sanctions against Melnichenko says he was one of 37 business leaders who met with the Russian president after the invasion of Ukraine to talk about the potential economic impact of EU and US sanctions.

Melnichenko, the document states, “belongs to the most influential circle of Russian businesspeople with close connections to the Russian government”.

It adds: “He is therefore involved in economic sectors providing a substantial source of revenue to the government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.”

A spokesperson for Melnichenko, Alex Andreev, said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“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.”

Italian authorities have separately seized €143m worth of luxury yachts and villas owned by Russian billionaires in luxury destinations including Lake Como, Sardinia and the Ligurian coast.

Nobiskrug, the manufacturer of Sailing Yacht A, describes the three-mast vessel on its website as “one of the world’s largest and most advanced superyachts” and the “ultimate embodiment of German superyachts built for the 22nd century”. It is almost 143 metres long, the mainmast is 100 metres above the waterline, and the yacht has a gross tonnage of about 12,600.

Other yachts seized by Italian police include Lady M, owned by Alexei Mordashov who, before being blacklisted this week by the EU, was the richest man in Russia. A yacht owned by Gennady Timchenko, another billionaire with close ties to Putin, was also seized.

Most viewed

  • Destinations

World’s most expensive sailing superyacht sits abandoned

The world’s most expensive superyacht, owned by a Russian oligarch, has remained stranded in the sea for almost two years.

Huge change to Aussies’ European summer

Huge change to Aussies’ European summer

Detail that totally transformed family trip

Detail that totally transformed family trip

Mind-blowing cost of burger in Switzerland

Mind-blowing cost of burger in Switzerland

A Russian oligarch’s $860 million superyacht, seized by Italian police, has sat abandoned in the sea for almost two years.

The boat was nabbed in March 2022 as part of ongoing EU sanctions against Russia amid Vladimir Putin’s failing war in Ukraine.

It has remained stranded in the Trieste Gulf, off the coast of Italy, ever since, The Sun reports.

The superyacht is owned by Russian tycoon and Putin crony Andrey Melnichenko, one of a number of businessmen targeted under war sanctions.

Dubbed Sailing Yacht A, it is among the largest in the world – measuring 100 metres high and 143 metres long.

It underwent testing in Gibraltar in 2017 before it was handed over to Melnichenko.

Luxury yacht 'Sailing Yacht A' built for Russian billionaire Andrey Melnichenko has been abandoned for two years. Picture: Andrej Isakovic / AFP

The boat’s mast is bigger than Big Ben’s Tower by 10 feet and it’s even deemed a medium-sized cargo ship.

It has eight decks, a helicopter pad, an underwater observation room and a hybrid diesel-electric propulsion system.

Run by a crew of 54, the yacht also has a digital control system that allows them to raise and lowers the sails and anchor just by swiping.

And it has the power to dash across waves at speeds of up to 20.8 knots.

The unconventional yacht was built by German Naval Yards, in Nobiskrug.

The boat’s mast is bigger than Big Ben’s Tower by 10 feet. Picture: Andreas Solaro / AFP

Now it sits impounded in a dry dock with a constant crew of 20 and Italian media reports that the government has spent over £6 million ($11.5 million) keeping it there.

Police cars with flashing lights reportedly swarmed the yacht and boarded it before impounding the vessel in 2022.

Melnichenko owns fertiliser company EuroChem Group and SUEK, a coal company.

He made headlines for his impressive ships when he moored his other £240 million masterpiece, “Motor Yacht A”, on London’s River Thames near Tower Bridge in 2017.

Melnichenko's Motor Yacht A moored on the River Thames. Picture: Leon Neal/Getty Images

The tycoon is one of the richest men in the world and was one of 37 businessmen who met with Putin after the invasion of Ukraine to discuss potential sanctions.

An EU document described him as belonging “to the most influential circle of Russian businesspeople with close connections to the Russian government”, according to The Guardian .

It went on: “He is therefore involved in economic sectors providing a substantial source of revenue to the government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.”

Sailing Yacht A was seized in 2022. Picture: Tor Erik Schroeder / NTB via AFP

Both companies said Melnichenko had resigned just days before his yacht was seized in 2022.

A spokesperson for Melnichenko at the time said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Alex Andreev said.

More Coverage

putin yacht triest

“We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

Italian police have apparently seized over $230 million worth of luxury boats and homes owned by Russian billionaires.

This article originally appeared on The Sun and was reproduced with permission

Add your comment to this story

To join the conversation, please log in. Don't have an account? Register

Join the conversation, you are commenting as Logout

The way Australians travel Europe for the northern summer is changing with tourists starting to “wise up” to a big problem.

A relaxing holiday with a child under five is a rare find – but this destination has managed to work out the magic formula.

An Aussie couple were “absolutely shocked” when they realised how much they had forked out for two burgers and chips at their hotel.

Advertisement

Supported by

A 459-Foot Mystery in a Tuscan Port: Is It a Russian’s Superyacht?

As European authorities go after the luxury assets of oligarchs close to Vladimir Putin, a superyacht cloaked in secrecy has come under investigation.

  • Share full article

putin yacht triest

By Michael Forsythe ,  Gaia Pianigiani and David D. Kirkpatrick

From Germany’s North Sea ports to the French Riviera, open season has been declared on superyachts. Across Europe, authorities are hunting down luxury vessels tied to Russian oligarchs in the effort to inflict pain on President Vladimir V. Putin’s allies.

In Marina di Carrara, a small Italian town on the Tuscan coast, one of the world’s biggest, newest and most expensive superyachts — called the Scheherazade — is under scrutiny by the Italian police. Almost as long as a U.S. guided-missile destroyer, it dominates the waterfront.

The yacht, estimated by the website SuperYachtFan to cost about $700 million, has two helicopter decks and is studded with satellite domes. Inside, photos supplied by a former crew member show, is a swimming pool with a retractable cover that converts to a dance floor. Then there’s the fully equipped gym and the gold-plated fixtures in the bathrooms.

In the rarefied world of the biggest superyachts ( only 14 that are at least 140 meters, or 459 feet long), the Scheherazade is alone in that no likely owner has been publicly identified. That has spurred speculation that it could be a Middle Eastern billionaire or a superconnected Russian — even Mr. Putin.

The ship’s captain, Guy Bennett-Pearce, a British national, denied that Mr. Putin owned or had ever been on the yacht. “I have never seen him. I have never met him,” he said. He added, in a phone interview from the yacht, that its owner was not on any sanctions list. He did not rule out that the person could be Russian, but declined to say more about the owner’s identity, citing a “watertight nondisclosure agreement.”

Captain Bennett-Pearce said that Italian investigators had come aboard on Friday and examined some of the ship’s certification documents. “They are looking hard. They are looking at every aspect,” he said. “This isn’t the local coppers coming down, these are men in dark suits.” A person familiar with the matter, speaking on the condition of anonymity because he was not authorized to discuss it, confirmed that the Italian financial police had opened an inquiry.

On Monday night, Captain Bennett-Pearce said he had “no choice” but to hand over documents revealing the owner’s identity to the Italian authorities. He said he would do so on Tuesday and had been told they would be handled with “confidentiality.”

“I have no doubt in my mind whatsoever that this will clear the vessel of all negative rumors and speculations,” he wrote in a message to a New York Times reporter.

The mystery about the ship’s owner arose because — even for the hyper-confidential world of superyachting — there is an unusual degree of secrecy surrounding this vessel. Not only do contractors and crew members sign nondisclosure agreements, as on many superyachts, but the ship also has a cover to hide its name plate. And when it first arrived at the port, workers erected a tall metallic barrier on the pier to partly obscure the yacht from onlookers. Some locals remarked that they had never seen anything like it for other boats.

In his State of the Union address last week, President Biden announced a Justice Department task force to go after oligarchs close to Mr. Putin and facing sanctions in response to Russia’s invasion of Ukraine. Sanctions have been imposed against hundreds of people, and the list keeps growing.

Last week, French authorities seized the yacht Amore Vero near Marseille as it was preparing to depart, claiming it was owned by a man on that list: Igor Sechin, the head of the Russian state-owned oil company Rosneft. In Italy, police in Sanremo impounded Lena, a yacht belonging to Gennady Timchenko, a Putin friend who controls an oil exporting company. In nearby Imperia, police also impounded the Lady M, a yacht belonging to Alexei Mordashov, Russia’s richest man. The fate of the Dilbar, one of the world’s biggest yachts that the United States says belongs to the oligarch Alisher Usmanov, is unclear. It is in Hamburg, and German officials said the vessel could not leave without an export waiver, Bloomberg News reported .

Some of the biggest superyachts are owned by Russians who are not on the sanctions list. The world’s second-largest, Eclipse, which has a missile defense system and a mini submarine, is owned by Roman Abramovich, the billionaire who is selling his ownership stake in the British soccer club Chelsea. Andrey Melnichenko, a billionaire coal baron, owns Sailing Yacht A.

Determining the ownership of assets that the wealthy want to keep hidden is difficult, especially without a warrant, because they are often zealously guarded by private bankers and lawyers and tucked away in opaque shell companies in offshore secrecy havens. The Scheherazade is flagged in the Cayman Islands and its owner, Bielor Assets Ltd. , is registered in the Marshall Islands. The yacht’s management company, which Captain Bennett-Pearce says is also registered in the Cayman Islands, works from the ship and uses his rental villa in nearby Lucca as its address.

One trade website, which bills itself as “the global authority in superyachting,” claims that the vessel’s owner is “known to be a Middle Eastern billionaire.” The Scheherazade shares a name with the female storyteller in “The Arabian Nights,” and it made one brief foray into the Red Sea in September 2020, calling at the Egyptian port of Hurghada. But mostly it stays in Marina di Carrara, where it has been moored since last September.

Locals have their own theory about the ship’s ownership. Some have heard people onboard speaking Russian. And Scheherazade is also the title of a symphonic work by the Russian composer Nikolai Rimsky-Korsakov.

“Everybody calls it Putin’s yacht, but nobody knows whose it is,” said Ernesto Rossi, a retired clerk who was taking a walk along the marina’s promenade on Friday. “It’s a rumor that’s been going around for months.”

In Italy, the phrase “Putin’s yacht” has become shorthand for a mysterious and ultra-luxurious ship. It’s also a joke among the dozens of crew members, Captain Bennett-Pearce said. “I’ve heard the same rumors.”

Another, smaller vessel, the Graceful, has long been tied to the Russian president and is known as “Putin’s yacht.” It was tracked leaving Germany for the Russian port of Kaliningrad just weeks before the invasion of Ukraine. (U.S. government officials point out that Mr. Putin owns little outright; many of the luxurious homes or ships he uses are owned by oligarchs.)

Mr. Putin appears to have a penchant for big pleasure boats. During his time as Russia’s leader, he’s been photographed on yachts from Russia’s northern reaches to the Black Sea in the south. Last May, he and Alexander Lukashenko, the president of Belarus, took a cruise on a yacht at the Black Sea resort city of Sochi.

The Scheherazade’s builder, Lurssen Group, whose website promises customers “complete confidentiality,” declined to comment about its ownership. Until June 2020, when the completed ship left the pier in Bremen, Germany, it had the code name “Lightning.” The same company built the even bigger superyacht the Dilbar. A similar gigantic yacht, code-named “Luminance,” is now being built at Lurssen, scheduled to be completed next year.

“Of course, all orders and projects of the Lurssen Group and its subsidiaries are treated in accordance with the applicable laws and regulations,” said Oliver Grun, a company spokesman.

About 70 percent of the Scheherazade’s crew is Russian, Captain Bennett-Pearce said. And during each of the past two summers, it has sailed to Sochi, the last time in early July 2021, according to MarineTraffic, a top maritime analytics provider. The ship’s construction was managed by Imperial Yachts, a company in Monaco that, Reuters reported , manages the Amore Vero, Mr. Sechin’s seized yacht. Nick Flashman, who oversees construction of large vessels at Imperial Yachts, declined to comment.

One former crew member, who spoke on the condition of anonymity because of the nondisclosure agreement, said that shipmates called it “Putin’s yacht.” The person said the ship was manned by an international crew during “boss off” times; when it was “boss on,” the crew was replaced by an all-Russian staff. In the weeks before the Scheherazade’s 2020 trip to the Black Sea, the foreign crew was dismissed, the person said.

The former crew member supplied photos of rosters of both international and Russian crew members. The Times reached out, via social media, phone or email, to at least 17 of them. Few responded.

One of the Russians said only that he had worked on the Scheherazade, citing a nondisclosure agreement. Another person said it would be dangerous to talk. One man denied serving on the vessel; another said he hadn’t worked at sea in 25 years.

Captain Bennett-Pearce said “categorically there is not a European crew that comes on and a Russian crew that comes on.” Many of the ship’s senior officers are from Britain, New Zealand and Spain. Many international crew members were dismissed in 2020, replaced by Russians who didn’t demand the high salaries and benefits that their predecessors had, the captain said. “It came down to economics,” he said.

Given the antipathy that people outside of Russia have toward Mr. Putin, if the Russian president really were the owner or principal user of the yacht, keeping non-Russian senior crew members like him on staff would make no sense, Captain Bennett-Pearce said.

“If there’s a European crew onboard it’s the biggest smoke and mirror and the biggest risk I’ve ever heard of,” he said.

Reporting was contributed by Dmitriy Khavin , Christoph Koettl , Julian E. Barnes , Jason Horowitz , Rebecca R. Ruiz and Eric Schmitt .

Because of an editing error, an earlier version of this article referred imprecisely to the new task force announced by President Biden in his State of the Union address. He announced a Justice Department task force to pursue and seize the assets of oligarchs associated with President Vladimir V. Putin of Russia, not a joint task force with partners in Europe, which was previously announced.

How we handle corrections

Michael Forsythe is a reporter on the investigations team. He was previously a correspondent in Hong Kong, covering the intersection of money and politics in China. He has also worked at Bloomberg News and is a United States Navy veteran. More about Michael Forsythe

Gaia Pianigiani is a reporter based in Italy for The New York Times.  More about Gaia Pianigiani

David D. Kirkpatrick is an investigative reporter based in New York and the author of “Into the Hands of the Soldiers: Freedom and Chaos in Egypt and the Middle East.“ In 2020 he shared a Pulitzer Prize for reporting on covert Russian interference in other governments and as the Cairo bureau chief from 2011 to 2015 he led coverage of the Arab Spring uprisings. More about David D. Kirkpatrick

Our Coverage of the War in Ukraine

News and Analysis

President Biden and the NATO secretary general, Jens Stoltenberg, announced that a record number of allies were meeting their military spending commitments  as they sought to present a united front against Russia.

President Vladimir Putin of Russia will visit North Korea  for a meeting with its leader, Kim Jong-un, as the two countries deepen military ties to support Putin’s war in Ukraine with North Korean weapons .

Scores of countries at a two-day summit in Switzerland joined Ukraine in calling for “dialogue between all parties” to end the war , but world leaders were divided on how to engage Russia.

Narrowing Press Freedoms: Journalists in Ukraine say they are subject to increasing restrictions and pressure from the government , adding that the measures go beyond wartime security needs.

Images From the Border: Photographs from two trips along Ukraine’s northeastern border regions, in the months before Russia renewed an offensive there, reveal loss and transformation .

A Russian City Adapts:  While in Moscow the fighting feels far away, residents of Belgorod, 25 miles from the border with Ukraine, have learned to duck for cover when the sirens wail .

How We Verify Our Reporting

Our team of visual journalists analyzes satellite images, photographs , videos and radio transmissions  to independently confirm troop movements and other details.

We monitor and authenticate reports on social media, corroborating these with eyewitness accounts and interviews. Read more about our reporting efforts .

U.S. seizes mega yacht owned by oligarch with close ties to Putin

PALMA DE MALLORCA, Spain — The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the government’s sanctions enforcement initiative to “seize and freeze” giant boats and other pricey assets of Russian elites .

Spain’s Civil Guard and U.S. federal agents descended on the yacht at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands in the Mediterranean Sea. Associated Press reporters at the scene saw police going in and out of the boat on Monday morning.

The seizure was confirmed by two people familiar with the matter. The people could not discuss the matter publicly and spoke to AP on condition of anonymity. A Spanish Civil Guard spokesman confirmed that officers from the Spanish police body and from the FBI were at the marina searching the vessel Monday morning and said further details would be released later.

A Civil Guard source told The Associated Press that the immobilized yacht is Tango, a 78-meter (254-feet) vessel that carries Cook Islands flag and that  Superyachtfan.com , a specialized website that tracks the world’s largest and most exclusive recreational boats, values at $120 million. The source was also not authorized to be named in media reports and spoke to AP on condition of anonymity.

The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russian President Vladimir Putin who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg’s assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities.

The move is the first time the U.S. government has seized an oligarch’s yacht since Attorney General Merrick Garland and Treasury Secretary Janet Yellen assembled a task force known as REPO — short for Russian Elites, Proxies and Oligarchs — as an effort to enforce sanctions after Russia invaded Ukraine in late February.

Vekselberg has long had ties to the U.S. including a green card he once held and homes in New York and Connecticut. The Ukrainian-born businessman built his fortune by investing in the aluminum and oil industries in the post-Soviet era.

Vekselberg was also questioned in special counsel Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election and has worked closely with his American cousin, Andrew Intrater, who heads the New York investment management firm Columbus Nova.

Vekselberg and Intrater were thrust into the spotlight in the Mueller probe after the attorney for adult film star Stormy Daniels released a memo that claimed $500,000 in hush money was routed through Columbus Nova to a shell company set up by Donald Trump’s personal attorney, Michael Cohen. Columbus Nova denied that Vekselberg played any role in its payments to Cohen.

Vekselberg and Intrater met with Cohen at Trump Tower, one of several meetings between members of Trump’s inner circle and high-level Russians during the 2016 campaign and transition.

The 64-year-old mogul founded Renova Group more than three decades ago. The group holds the largest stake in United Co. Rusal, Russia’s biggest aluminum producer, among other investments.

Vekselberg was first sanctioned by the U.S. in 2018, and again in March of this year, shortly after the invasion of Ukraine began. Vekselberg has also been sanctioned by authorities in the United Kingdom.

The U.S. Justice Department has also launched a sanctions enforcement task force known as KleptoCapture , which also aims to enforce financial restrictions in the U.S. imposed on Russia and its billionaires, working with the FBI, Treasury and other federal agencies. That task force will also target financial institutions and entities that have helped oligarchs move money to dodge sanctions.

The White House has said that many allied countries, including German, the U.K, France, Italy and others are involved in trying to collect and share information against Russians targeted for sanctions. In his State of the Union address, President Joe Biden warned oligarch that the U.S. and European allies would “find and seize your yachts, your luxury apartments, your private jets.”

“We are coming for your ill-begotten gains,” he said.

Wednesday’s capture is not the first time Spanish authorities have been involved in the seizure of a Russian oligarch’s superyacht. Officials there said they had seized a vessel valued at over $140 million owned by the CEO of a state-owned defense conglomerate and a close Putin ally.

French authorities have also seized superyachts, including one believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

Italy has also seized several yachts and other assets.

Italian financial police moved quickly seizing the superyacht “Lena” belonging to Gennady Timchenko, an oligarch close to Putin, in the port of San Remo; the 65-meter (215-foot) “Lady M” owned by Alexei Mordashov in nearby Imperia, featuring six suites and estimated to be worth 65 million euros; as well as villas in Tuscany and Como, according to government officials.

Para reported from Madrid and Balsamo reported from Washington.

putin yacht triest

Putin-Allied Oligarch's $860 Million Superyacht, The Largest Sailboat In The World, Abandoned After It Was Seized As Part Of Ukraine War Sanctions

A Russian oligarch, who spent four years and $860 million building a superyacht, has abandoned the vessel for the last two years after it was seized by Italian police in March 2022.

Italy took the step to comply with European Union sanctions against Russian oligarchs who have supported their country’s war with Ukraine.

The vessel, constructed by German Naval Yards, is gargantuan in size and has three masts that tower 300 feet high and a length stretching to 468 feet long. These dimensions make this boat the largest current sailboat in the world.

Its height surpasses that of Big Ben by approximately ten feet. The boat is considered to be a medium-sized cargo ship and can reach speeds up to 20.8 knots or 24 miles per hour.

Since its seizure in 2022, the yacht has been sitting in the custody of the Italian government, waiting dormant off of the coast in the Trieste Gulf. The Italian government claimed that they have spent over $11.5 million on the upkeep of the ship.

The yacht is owned by Russian business tycoon Andrey Melnichenko , who is one of Russian President Vladimir Putin ‘s top allies.

Melnichenko made his fortune off of a fertilizer company and a coal company, which have made him one of the richest men in the world.

Melnichenko is among 36 wealthy Russian businessmen sanctioned by the E.U., whose assets may be subject to seizure.

This yacht seizure is just a small part of many repossessions of Russian goods by the Italian government since 2022 – it is estimated that a total of $230 million in Russian property has been appropriated.

In October 2023, the United States government seized a 348-foot yacht originally owned by sanctioned Russian oligarch Suleiman Kerimov .

Russian President Vladimir Putin recently said that the war in Ukraine was “a tragedy.”

Source: uInterview

The post Putin-Allied Oligarch’s $860 Million Superyacht, The Largest Sailboat In The World, Abandoned After It Was Seized As Part Of Ukraine War Sanctions appeared first on uInterview .

A Russian oligarch, who spent four years and $860 million building a superyacht, has abandoned the vessel for the last two years after it was seized by Italian police in March 2022. Italy took the step to comply with European Union sanctions against Russian oligarchs who have supported their country’s war with Ukraine. The vessel, constructed […]

In Putin’s wartime Russia, military corruption is suddenly taboo

To be sure government spending reaches the battlefield in Ukraine, President Vladimir Putin is suddenly putting high priority on purging Defense Ministry officials accused of corruption.

putin yacht triest

Russia’s war in Ukraine has turned out to be a powerful anti-corruption initiative — at least at the Ministry of Defense.

For years, Russia tolerated rampant graft within its military and Defense Ministry. But in a bid to be certain that the country’s ballooning military and security spending results in more soldiers, weapons and other equipment and supplies on the front line, the Kremlin has suddenly undertaken an aggressive crackdown — purging officials with extravagant lifestyles or who have been critical of the military command.

Last month, President Vladimir Putin reassigned his longtime defense minister, Sergei Shoigu, to be head of Russia’s national security council. In Shoigu’s place, Putin appointed a former economy minister, Andrei Belousov, with a mandate to use the country’s growing defense budget “sparingly yet effectively.”

More dramatically, however, five top officials including a deputy defense minister have been arrested since April as the Kremlin sends a sharp message that neither excess nor disloyalty will be tolerated in wartime.

GET CAUGHT UP Stories to keep you informed

Health panel urges interventions for children and teens with high BMI

Health panel urges interventions for children and teens with high BMI

Parkour group damages historic Italian building in failed stunt

Parkour group damages historic Italian building in failed stunt

To send off his fellow graduates, he wrote 180 personalized notes

To send off his fellow graduates, he wrote 180 personalized notes

How to grocery shop for one without wasting food and money

How to grocery shop for one without wasting food and money

What to know about Juneteenth and its historical significance

What to know about Juneteenth and its historical significance

The most senior official to be arrested, Deputy Defense Minister Timur Ivanov, led an ostentatious lifestyle — typical of Russia’s elite but impossible on a public salary.

Ivanov’s taste for Western luxury clashed with Putin’s drive to forge a new ideology based on traditional values and in opposition to liberal, Western permissiveness.

Ivanov, head of military construction group Oboronstroi from 2013 until 2016 and then deputy minister of defense, has been accused of taking especially large bribes and of fraud. He led rebuilding projects in Mariupol, an occupied Ukrainian city left in ruins by Russia’s intensive bombardments.

Ivanov has partied with Kremlin spokesman Dmitry Peskov and other elite Russians, built luxury homes stuffed with rare antiques, and enjoyed annual summer vacations in St. Tropez with his family, where he allegedly spent nearly $1.4 million from 2013 to 2018 on luxury villas, yachts and a Rolls-Royce — details that were revealed in reports by the Anti-Corruption Foundation founded by the late Russian opposition leader Alexei Navalny.

Along with vast increases in military and security spending, which will rise to 8.7 percent of total economic output this year, Putin has demanded greater efficiency. The Federal Security Service or FSB, and the Investigative Committee, a top national law enforcement body, have established a special investigation force to root out military corruption — and more arrests are likely, according to Kommersant, a Russian newspaper.

Although Putin lately has emphasized his anti-corruption drive, analysts see no fundamental shift in his regime’s kleptocratic tendencies, including the Kremlin’s patronage for a coterie of loyal oligarchs and security officials.

“Everyone — everyone — must work as if we are on the front line,” he said, demanding a new sense of mobilization and urgency from top officials in the Council for Strategic Development and National Projects and commissions of the State Council on May 29.

“Everyone must act as mobilized personnel, and this is the only way for us to achieve the goals we set for ourselves,” he said, adding: “We are all aware of the fact that the main objectives of the country’s future are largely addressed on the front line.”

On Feb. 19, Putin ordered the FSB to probe corruption in defense procurement and state projects. In April, he exhorted a board of the Interior Ministry to step up the fight against corruption, which he said was “poisoning our society” and “stealing the money we need for the defense of the country.”

High-level corruption was intrinsic to Russia and was used as a means of political control, said Kirill Shamiev , a military analyst with the European Council on Foreign Relations, who wrote a report analyzing failures in repeated efforts to reform Russia’s military. “When someone needs to be removed, they can almost always use corruption and say this person has committed an offense and needs to be put in jail,” Shamiev said.

Navalny’s Anti-Corruption Foundation obtained six years of emails of Ivanov’s second wife, Svetlana Maniovich , including embarrassing videos and images of elite champagne-soaked parties and vacations, as well as invoices for payments for jewelry, horse livery, furniture, designer outfits and yacht rentals.

Several months after Russia’s February 2022 invasion of Ukraine, Ivanov divorced Maniovich and was quickly attached to Maria Kitaeva, who had three children with another deputy defense minister. Both women are glamorous former TV hosts, who posted frequently on Instagram, displaying their expensive tastes.

Ivanov’s lawyer told a Russian court that the former defense minister set up a household with Kitaeva and she gave birth to a child — his fifth — in January.

According to the Anti-Corruption Foundation’s account of Maniovich’s emails, she held a birthday party in 2019 in Moscow’s elite Rublyovka district, where Peskov made a toast, wearing a Richard Mille watch on his wrist. Ivanov hurried over and covered the watch with Peskov’s sleeve , according to a video , which was viewed more than 9 million times.

Peskov did not respond to questions from The Washington Post about the incident and anti-corruption drive.

The foundation reported that Olimpsitistroi, a big construction contractor hired by the Ministry of Defense to rebuild parts of Mariupol, offered kickbacks to Ivanov: luxury materials to build a country mansion near Tver and other properties.

The case against Ivanov is based on the Tver bribes, according to Russian media. Ivanov’s lawyer told Russian media that “films” led to Ivanov’s arrest, an apparent allusion to the foundation’s reports. Two businessmen, including Alexander Fomin, co-founder of Olimpsitistroi, were also arrested, as were other military officials in unrelated cases.

Lt. Gen. Yuri Kuznetsov was charged with taking especially large bribes — a house and land — from a businessman, in return for military contracts. Investigators reported finding gold coins, a collection of watches and other luxury items in his home.

Lt. Gen. Vadim Shamarin, head of military communications, was charged with taking especially large bribes from a telecom company in exchange for state contracts. Another Defense Ministry official, Vladimir Verteletsky, head of the department in charge of defense orders, was arrested for abuse of office.

Also arrested and charged with large-scale fraud was the ex-commander of the 58th Army, Maj. Gen. Ivan Popov, who was fired last year after criticizing Russia’s military command in the wake of last year’s rebellion by mercenary leader Yevgeniy Prigozhin.

Investigators found no cash or luxury items in Popov’s home, Russian media reported, leading many to conclude that Popov was targeted for disloyalty. He is accused of stealing more than 1,700 tons of metal purchased for defensive structures on the front line.

The reassignment of Shoigu to another top position highlighted the premium Putin places on loyalty. Shamiev, the analyst, said the recent arrests were intended to instill fear and respect after Belousov’s appointment as defense minister.

“It also gives a message to the Russian public that all the failures in the war are because of the military, nothing else, especially not Putin himself,” he said.

Dimitri Minic , an expert on Russia’s military at the French Institute of International Relations, said the arrests were part of an effort to maximize military resources. But Minic said that corruption was used as a pretext to remove incompetent officials or to settle political scores. Often, it signaled infighting between agencies, he said.

A buildup of grievances over the handling of the war “open the way for all-out settling of scores conducted with the Kremlin’s acquiescence, against the backdrop of an influx of resources into the Ministry of Defense and infighting for their control and capture,” he said.

Other top generals with property that seems to far exceed what they could afford on their official incomes were investigated by the Anti-Corruption Foundation and have not been charged.

Peskov, the Kremlin spokesman, denied any purge or anti-corruption campaign in comments at a daily conference call with journalists. “The fight against corruption is a consistent effort,” he said. “This isn’t a campaign. It’s constant, ongoing work.”

putin yacht triest

Read the Latest on Page Six

trending now in World News

Unbelievable move after Titan submersible disaster

Unbelievable move after Titan submersible disaster

Venomous snake found in child's bed, attempting to blend in with stuffed animals: video

Venomous snake found in child's bed, attempting to blend in with...

Dad sucker-punches comedian on stage over 'sexualized' joke about his baby son

Dad sucker-punches comedian on stage over 'sexualized' joke about...

Body of US tourist found in Greek isles, the latest in string of missing or dead travelers there

Body of US tourist found in Greek isles, the latest in string of...

Mexico's new president 'is not going to improve' fractured 'relationship with the DEA': sources

Mexico's new president 'is not going to improve' fractured...

Father-son terrorists describe how they raped, murdered women on Oct. 7

Father-son terrorists describe how they raped, murdered women on...

US soldier detained in Russia was stabbed by girlfriend during on-camera fight in front of wife, daughter: 'Blood on his face'

US soldier detained in Russia was stabbed by girlfriend during...

Gaza reporter who harbored Israeli hostages at his home wrote for US-based news outlet

Gaza reporter who harbored Israeli hostages at his home wrote for...

Before his summit with kim, putin vows they’ll beat sanctions together.

Thanks for contacting us. We've received your submission.

Russian President Vladimir Putin thanked North Korea for supporting his actions in Ukraine and said their countries would cooperate closely to overcome US-led sanctions as he headed to Pyongyang on Tuesday for a summit with North Korean leader Kim Jong Un.

Putin’s comments appeared in an op-ed piece in North Korean state media hours before he was expected to arrive in the North for a two-day visit as the countries deepen their alignment in the face of separate, intensifying confrontations with Washington.

Putin, who will be making his first visit to North Korea in 24 years, said he highly appreciates its firm support of his invasion of Ukraine.

North Korean leader Kim Jong Un meets Russia's President Vladimir Putin at the Vostochny ?osmodrome in the Amur Oblast of the Far East Region, Russia, September 13, 2023

He said the countries would continue to “resolutely oppose” what he described as Western ambitions to “to hinder the establishment of a multipolarized world order based on mutual respect for justice.”

Putin also said Russia and North Korea will develop unspecified trade and payment systems “that are not controlled by the West” and jointly oppose sanctions against the countries, which he described as “unilateral and illegal restrictive measures.”

North Korea is under heavy UN Security Council economic sanctions over its nuclear weapons and missile programs, while Russia is also grappling with sanctions by the United States and its Western partners over its aggression in Ukraine.

Putin said the countries will also expand cooperation in tourism, culture and education.

Putin’s visit comes amid growing concerns about an arms arrangement in which Pyongyang provides Moscow with badly needed munitions to fuel Putin’s war in Ukraine in exchange for economic assistance and technology transfers that would enhance the threat posed by Kim’s nuclear weapons and missile program.

Putin speaks during his meeting at the Senezh Management School, June 14, 2024, in Solnechnogorsk, Russia.

Military, economic and other exchanges between North Korea and Russia have sharply increased since Kim visited the Russian Far East in September for a meeting with Putin, their first since 2019.

US and South Korean officials have accused the North of providing Russia with artillery, missiles and other military equipment to help prolong its fighting in Ukraine, possibly in return for key military technologies and aid.

Both Pyongyang and Moscow have denied accusations about North Korean weapons transfers, which would violate multiple UN Security Council sanctions Russia previously endorsed.

Along with China, Russia has provided political cover for Kim’s continuing efforts to advance his nuclear arsenal, repeatedly blocking US-led efforts to impose fresh UN sanctions on the North over its weapons tests.

Kim Jong Un, center, supervises a test firing of a new multiple rocket launch system at an undisclosed place in North Korea on May 10, 2024

In March, a Russian veto at the United Nations ended monitoring of UN sanctions against North Korea over its nuclear program, prompting Western accusations that Moscow is seeking to avoid scrutiny as it buys weapons from Pyongyang for use in Ukraine.

Earlier this year, Putin sent Kim a high-end Aurus Senat limousine, which he had shown to the North Korean leader when they met for a summit in September.

Observers said the shipment violated a UN resolution banning the supply of luxury items to North Korea.

Putin also said Russia and North Korea will develop unspecified trade and payment systems “that are not controlled by the West”

John Kirby, spokesperson of the US National Security Council, said the deepening relationship between Moscow and Pyongyang is concerning, “not just because of the impacts it’s going to have on the Ukrainian people, because we know North Korean ballistic missiles are still being used to hit Ukrainian targets, but because there could be some reciprocity here that could affect security on the Korean Peninsula.”

“We haven’t seen the parameters of all of that right now, certainly haven’t seen it come to fruition. But we’re certainly going to be watching that very, very closely,” he said.

Tensions on the Korean Peninsulas are at their highest point in years, with the pace of both Kim’s weapons tests and the combined military exercises between the United States, South Korea and Japan intensifying in a cycle of tit-for-tat.

Start your day with all you need to know

Morning Report delivers the latest news, videos, photos and more.

Thanks for signing up!

Please provide a valid email address.

By clicking above you agree to the Terms of Use and Privacy Policy .

Never miss a story.

The Koreas have also engaged in a Cold War-style psychological warfare that involved North Korea dropping tons of trash on the South with balloons and the South broadcasting anti-Korean propaganda broadcasts with its loudspeakers.

South Korea’s military said soldiers fired warning shots to repel North Korean soldiers who temporarily crossed the rivals’ land border Tuesday for the second time this month.

The South’s military said North Korean has been increasing construction activity in frontline border areas, such as installing suspected anti-tank barriers, reinforcing roads and planting land mines.

Putin has continuously sought to rebuild ties with Pyongyang as part of efforts to restore his country’s clout and its Soviet-era alliances. Moscow’s ties with North Korea weakened after the 1991 Soviet collapse.

Kim Jong Un first met with Putin in 2019 in Russia’s eastern port of Vladivostok.

After North Korea, the Kremlin said Putin will also visit Vietnam on Wednesday and Thursday for talks that are expected to be focused on trade.

The United States, which has spent years strengthening ties and accelerating trade with Vietnam, criticized Putin’s planned visit.

“As Russia continues to seek international support to sustain its illegal and brutal war against Ukraine, we reiterate that no country should give Putin a platform to promote his war of aggression and otherwise allow him to normalize his atrocities,” a US Embassy spokesperson in Vietnam said in a statement.

Share this article:

North Korean leader Kim Jong Un meets Russia's President Vladimir Putin at the Vostochny ?osmodrome in the Amur Oblast of the Far East Region, Russia, September 13, 2023

Advertisement

nra

  • National Security
  • Matthew Continetti
  • Men of the Year

putin yacht triest

  • Men Of The Year

putin yacht triest

Biden Claims He Knew Putin 40 Years Ago—When He Was Undercover KGB Agent

Ford foundation sends millions to organizations that have celebrated oct. 7 terrorist attacks, oregon doctors could soon lose their licenses for ‘microaggressions’ under proposed medical board rule, democrats disgrace themselves on father's day weekend, fauci finally tells the truth: trump saved 'millions' of lives, putin lands in north korea for summit with kim jong un.

putin yacht triest

Russian president Vladimir Putin arrived in Pyongyang Tuesday for a summit with North Korean dictator Kim Jong Un.

The two leaders are expected to discuss North Korea’s continued support for Russia’s invasion of Ukraine. Pyongyang has been an ardent supporter of Moscow’s invasion since the war started, supplying munitions to Russian forces. Putin and Kim are also expected to discuss trade agreements in an attempt to circumvent U.S.-led sanctions, which Putin called "illegal, unilateral restrictions" per the Associated Press .

Putin’s visit is part of a series of Russian diplomatic moves in recent months courting former Soviet allies. Cuba hosted four Russian naval vessels this week, and Putin plans to visit Vietnam after concluding talks with Kim.

Reuters  reports that Russia’s economic support for North Korea increased since Kim and Putin last met in September. In defiance of U.N. sanctions, North Korea has supplied Moscow with thousands of containers of arms, according to a New York Times   report . South Korea and the United States have claimed that Kim’s regime has supplied the Russian Ministry of Defense with as many as five million artillery shells. The Defense Intelligence Agency has also reported on evidence that Russia has used ballistic missiles produced in North Korea in its invasion of Ukraine. To return Kim’s favor, Russia in March at the United Nations voted to do away with international oversight and sanctions on North Korea’s nuclear program.

In an op-ed published in North Korean media, Putin  said , "Russia has always supported and will continue to support the DPRK and the heroic Korean people in their opposition to the insidious, dangerous and aggressive enemy."

Published under: Kim Jong Un , North Korea , Vladimir Putin

IMAGES

  1. Is This Russian "Forever President" Vladimir Putin's Yacht?

    putin yacht triest

  2. Take a look at Vladimir Putin's 270 feet long ultra-luxury yacht

    putin yacht triest

  3. Inside pics of Russian President Vladimir Putin’s Rs 750 crore luxury

    putin yacht triest

  4. Vladimir Putin's life of LUXURY revealed in stunning pictures

    putin yacht triest

  5. Il super yacht di Vladimir Putin in Italia, è un panfilo da 700 milioni

    putin yacht triest

  6. Inside Vladimir Putin's $99 MILLION yacht that sailed from German

    putin yacht triest

COMMENTS

  1. Russian Oligarch Andrey Melnichenko $578 Million Yacht Seized ...

    A megayacht belonging to Russian oligarch Andrey Melnichenko was seized by Italian authorities on Friday, CNN reported. A statement from Italy's finance police said the yacht, known as SY A or ...

  2. Italy seizes Russian billionaire Melnichenko's Sailing Yacht A

    The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros ($578 million), has been sequestered at the northern port of Trieste, the government said.

  3. Ukraine war: £443m superyacht owned by oligarch Andrey ...

    A Russian-owned superyacht valued at £443m has been confiscated by Italian police in the port of Trieste as part of a global crackdown on wealthy oligarchs.

  4. Italy seizes £530m yacht owned by Russian businessman

    A £530 million mega yacht owned by Russian oligarch Andrey Melnichenko was seized on Friday by Italian authorities. The vessel, called "SY A", was in storage at the northeastern port of ...

  5. Here are the superyachts seized from Russian oligarchs

    The yacht Lena, belonging to Gennady Timchenko, an oligarch close to Russian President Vladimir Putin, in the port of San Remo on the Italian Riviera on March 5. Andrea Bernardi / AFP - Getty Images

  6. Italy Seizes Russian Oligarch Melnichenko's $578 Million Yacht

    Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU ...

  7. World's biggest sailing yacht owned by Russian billionaire is seized by

    Live updates: follow the latest news on Russia-Ukraine. A superyacht owned by Russian billionaire Andrey Igorevich Melnichenko has been seized by Italian police.. The $578 million Sailing Yacht A - which is the world's biggest sailing yacht, according to the Italian government - has been sequestered at the northern port of Trieste, the government said.

  8. $700mn superyacht tied to Putin is being refitted while impounded

    It has been 15 months since Italy impounded the Scheherazade, a $700mn superyacht linked to Vladimir Putin. But the time the yacht has spent sitting in the Tuscan port of Marina di Carrara has not ...

  9. Italy Seizes Superyacht Tied to Putin

    Italy seizes a superyacht tied to Putin. Italian police boarded the yacht, the Scheherazade, late on Friday, ending what appeared to be preparations to set sail.

  10. Italian Police Seize Russian Oligarch Andrey Melnichenko's Superyacht

    Courtesy CC BY-SA 4.0. Italy's finance police seized one of the world's most iconic sailing yachts, owned by a Russian oligarch. Andrey Melnichenko's Sailing Yacht A, with an estimated value ...

  11. American Officials Believe They Have Located Putin's Yacht

    U.S. Officials Say Superyacht Could be Putin's. They say they have indications that the $700 million, 459-foot yacht, which is in dry dock in Italy, is associated with the Russian president ...

  12. See inside President Vladimir Putin's opulent $100 million superyacht

    Navalny.com. The 269-foot yacht, which left Hamburg, Germany, just before Russia's full-scale invasion of Ukraine in February 2022, is worth around $100 million. The Navalny team also published an ...

  13. News, sport and opinion from the Guardian's US edition

    We would like to show you a description here but the site won't allow us.

  14. List of Russian Oligarchs' yachts, homes and assets being seized

    valued at $577 million in Trieste, Italy ... they stated his "activities in the energy sector have been directly linked to Putin." The 126-foot yacht is worth approximately 50 million euros ...

  15. World's most expensive sailing superyacht sits abandoned

    The boat was nabbed in March 2022 as part of ongoing EU sanctions against Russia amid Vladimir Putin's failing war in Ukraine. It has remained stranded in the Trieste ... Dubbed Sailing Yacht A ...

  16. A 459-Foot Mystery in a Tuscan Port: Is It a Russian's Superyacht?

    Given the antipathy that people outside of Russia have toward Mr. Putin, if the Russian president really were the owner or principal user of the yacht, keeping non-Russian senior crew members like ...

  17. U.S. seizes mega yacht owned by oligarch with close ties to Putin

    By The Associated Press. PALMA DE MALLORCA, Spain — The U.S. government seized a mega yacht in Spain owned by an oligarch with close ties to the Russian president on Monday, the first in the ...

  18. Putin-Allied Oligarch's $860 Million Superyacht, The Largest ...

    In October 2023, the United States government seized a 348-foot yacht originally owned by sanctioned Russian oligarch Suleiman Kerimov. Russian President Vladimir Putin recently said that the war ...

  19. Inside the capture of a Russian oligarch's superyacht

    In March, former transport secretary Grant Shapps filmed a selfie-style video alongside a £38m yacht named Phi on the day it was detained by the National Crime Agency in London's Canary Wharf. He ...

  20. Italy freezes superyacht reportedly linked to Vladimir Putin

    The Scheherazade 459-foot superyacht docked at the shipyard in Marina Di Carrara, Italy, on Wednesday, March 23, 2022. WASHINGTON — The Italian government on Friday froze a yacht with reported ...

  21. March 12, 2022 Russia-Ukraine news

    11:47 p.m. ET, March 12, 2022. Russia sends warning to the US about transferring weapons to Ukraine. Here's what we know. Russia has threatened to target supplies of western weapons being ...

  22. In Putin's wartime Russia, military corruption is suddenly taboo

    To be sure government spending reaches the battlefield in Ukraine, President Vladimir Putin is suddenly putting high priority on purging Defense Ministry officials accused of corruption.

  23. Putin vows they'll beat sanctions together before his summit with North

    Putin speaks during his meeting at the Senezh Management School, on June 14, 2024, in Solnechnogorsk, Russia. Getty Images. Military, economic and other exchanges between North Korea and Russia ...

  24. Putin Lands in North Korea for Summit with Kim Jong Un

    Russian president Vladimir Putin arrived in Pyongyang Tuesday for a summit with North Korean dictator Kim Jong Un. ... The Captain of Yacht Rock Christopher J. Scalia. June 16, 2024.

  25. Wildfire on the fringes of Greece's capital triggers evacuation alerts

    Scores of Greek firefighters and water-bombing aircraft were trying to contain a large wildfire on the fringes of Athens that forced authorities to issue evacuation orders Wednesday for two nearby ...