Melnichenko's yacht, worth nearly $600 million, is the third to be frozen by Italian authorities over the past week, after Alexey Mordashov's Lady M and ...
Sailing Yacht A had been in Trieste for a month, according to yacht valuation experts VesselsValue. It’s the third yacht owned by a sanctioned Russian billionaire that’s been frozen by Italian authorities in recent weeks. Manned by a crew of 54 people, the shipmaker that built it calls it “a masterpiece in every detail" and "one-of-a-kind." The 469-foot Sailing Yacht A, registered in the Isle of Man and owned via Bermuda-based Valla Yachts Ltd, is the world’s largest sail-assisted yacht.
The world's largest sailing yacht, Sailing Yacht A, has been seized by Italian authorities after its Russian owner was placed on a sanctions list.
Melnichenko owns the fertiliser producer EuroChem Group and coal company SUEK. It was built by Nobiskrug in Germany and launched in 2016. At 143m (470ft) long it features eight decks, and a 20m freeboard.
Sailing Yacht A, owned by Russian businessman Andrey Melnichenko, seized in Trieste on Friday evening.
His other yacht, the more luxurious Eclipse, was on Thursday located to the west of the Canary Islands. 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. “There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said.
Italian police have seized a superyacht owned by Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days ...
We are doing a great job to bring out what is shielded by trusts and front names," Giuseppe Zafarana, head of the Italian tax police, told journalists in Bergamo on Saturday. "There is no justification whatsoever for placing him on the EU sanctions list," Andreev said. Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht, the government said.
The yacht, a three-masted, steel-hulled ship that's more than 460 feet long, is known simply as “Sailing Yacht A."
The yacht, a three-masted, steel-hulled ship that’s more than 460 feet long, is known simply as “Sailing Yacht A.” Bloomberg reports it is valued at $580 million. Italian authorities on Friday seized what is reputed to be the world’s largest sailing yacht, owned by the Russian billionaire Andrey Melnichenko, as part of a campaign to freeze the assets of Russian oligarchs who have been sanctioned due to Russia’s invasion of Ukraine. Italian Authorities Have Seized a Superyacht Belonging to Russian Billionaire Andrey Melnichenko. What to Know.