Post confiscation of luxury yacht worth at least $ 600 million owned by Russian billionaire Alisher Usmanovby the German authorities, it became known today that the French authorities seized yachts connected with the head of the Russian oil company Rosneft Igor Setsin.
He is a close ally of Russian President Vladimir Putin, while the yacht was seized in the Mediterranean port of La Ciota, Finance Minister Bruno Lemerre said today.
The development became known as Western states impose massive sanctions, including “freezing” assets, to the detriment of Russia for invasion of Ukraine.
A yacht belonging to a Russian oligarch is a sailor.
Merci to the French dualists who respect the sanctions of the European Union for entering the processes of Russian power. pic.twitter.com/AZVzmlet2P– Bruno Le Maire (@BrunoLeMaire) March 3, 2022
“We thank the French customs for imposing European Union sanctions on those close to the Russian government,” Lemerre said in a Twitter post.
According to the information service of the Ministry of Finance, the yacht belongs to a company, in which Setsin was identified as a major shareholder.
At the same time, the French authorities seized another merchant ship in the port of Loire in Brittany, which is also linked to Russian interests.
Source: News Beast

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.