France seizes Rosneft boss’s yacht as it tried to flee

By Tassilo Hummel

PARIS (Reuters) – French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.

The move came as western states are implementing massive sanctions, including asset freezes, against Russia for invading its neighbour Ukraine. A separate nearly $600 million luxury yacht owned by Russian billionaire Alisher Usmanov has also been seized, by German authorities, Forbes reported.

The 88-metre “Amore Vero” arrived in La Ciotat on Jan.3 and was due to stay there until April 1st for repairs, the finance ministry said in a statement, adding that the vessel was subject to the new sanctions.

But on Wednesday, customs officers noted the yacht was “taking steps to sail off urgently, without the repair works being over,” the statement said, adding that the officers therefore decided to seize it.

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