3 Russian yachts being impounded

Italian police have seized a yacht owned by Alexei Mordashov, the richest man in Russia before being blacklisted this week by the European Union following Moscow’s attack on Ukraine. The 65-metre (215-ft) “Lady M” was impounded in the northern Italian port of Imperia.

A second yacht owned by Gennady Timchenko, another billionaire who has close ties to Russian President Vladimir Putin, is also blocked in Imperia and will be sequestered shortly.

On Thursday, France’s finance minister announced the seizure of a yacht linked to Igor Sechin, the boss of Rosneft, in the Mediterranean port of La Ciotat.