France seizes Russian oligarch’s yacht over war sanctions

France announced on Thursday that has immobilized a yacht of the Russian oligarch Igor Setchine, leader of the state oil company Rosneft, the first to be seized within the framework of international sanctions on personalities linked to the Vladimir Putin regime.

The Ministry of Economy and Finance explained in a statement that it was customs agents who proceeded to requisition the Amore Vero in the shipyards of the port of La Ciotat, on the French Mediterranean coast, to which it had arrived on January 3 to proceed with a series of repairs.

In principle, the yacht was to remain in the shipyard until April 1, but was getting ready to go out and given the risk that it would leave the jurisdictional waters, the French authorities decided to seize it.

On the basis of European sanctions system formalized by the European Union on February 28 to punish Russia for its invasion of Ukraine, has been immobilized.

The French Minister of Finance, Bruno Le Maire, thanked the customs agents for their performance in their to “respect the sanctions of the European Union against those close to the Russian power”.

This is the first asset requisitioned by its officials, who are identifying all the financial assets, goods and properties of the 488 Russian personalities subject to sanctions who may be in France, a number that could increase in the future.

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