Cops Are Blocking Superyachts of Sanctioned Russian Billionaires

(Bloomberg) — 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.

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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…


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