Fiji Seizes $300m Yacht of Sanctioned Russian Oligarch and Italy Seizes $700M Yacht Linked to Putin

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Friday, May 13, 2022

Author:

Bruce Zagaris

Volume:

38

Issue:

5

Abstract:

Efforts to implement sanctions against Russian oligarchs is progressing, as shown by an announcement on May 6 that Italy has seized a $700 million mega yacht linked to Russian President Vladimir Putin and on May 5 that Fiji has seized a $300 million yacht of sanctioned Russian oligarch Seleiman Kerimov at the request of the U.S.