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Italy seizes Russian oligarch Melnichenko's Sailing Yacht A

ROME (REUTERS) - Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday (March 12), a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.

The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros (S$791 million), has been sequestered at the northern port of Trieste, the government said.

Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world’s biggest sailing yacht, the government said.  

Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK.

The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

Last week, Italian police seized villas and yachts worth 143 million euros  (S$212 million) from five high-profile Russians who have been placed on the sanctions list.

The police operations were part of a coordinated drive by Western states to penalise wealthy Russians linked to President Vladimir Putin.

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Italy seizes Russian billionaire Melnichenko's Sailing Yacht A

The vessel is the world's biggest sailing yacht.

FOX Business Flash top headlines for March 11

Here are your FOX Business Flash top headlines for March 11.

Italian police have seized a superyacht owned by Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.

The 143-metre (470-foot) Sailing Yacht A, which has a price tag of 530 million euros ($578 million), has been sequestered at the northern port of Trieste, the government said.

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Designed by Philippe Starck and built by Nobiskrug in Germany, the vessel is the world's biggest sailing yacht, the government said.

Melnichenko owned major fertiliser producer EuroChem Group and coal company SUEK. The companies said in statements on Thursday that he had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective Wednesday.

The luxury yacht " Sailing Yacht A " with her unique form, which was built for Russian billionaire Andrey Melnichenko, sails past Italian Isola del Giglio island on July 10, 2018, near the "Scole" rocks where the Costa Concordia cruise ship crashed l ((Photo by VINCENZO PINTO/AFP via Getty Images) / Getty Images)

A spokesperson for Melnichenko, Alex Andreev, said the businessman had "no relation to the tragic events in Ukraine. He has no political affiliations".

RUSSIAN OLIGARCH YACHTS, LUXURY COASTAL PROPERTIES SEIZED BY ITALY: PHOTOS

"There is no justification whatsoever for placing him on the EU sanctions list," Andreev said. "We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.

Since last week Italian police have seized villas and yachts worth more than 700 million euros ($763.63 million) from high-profile Russians who have been placed on the EU sanctions list, Economy Minister Daniele Franco said on Saturday.

This photograph taken on March 10, 2022, shows a sailing yacht A owned by Russian oligarch Andrey Melnichenko in Trieste, Italy. - The sailing yacht A is the largest private sail-assisted motor yacht in the world. (Photo by Jure Makovec / AFP) (Photo ( (Photo by JURE MAKOVEC/AFP via Getty Images) / Getty Images)

"So far we have hit what was visible, now we have to hit the rest such as shareholdings. 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.

The police operations were part of a coordinated drive by Western states to penalise wealthy Russians they say are linked to President Vladimir Putin.

RUSSIAN OLIGARCH ALISHER USMANOV’S $600M YACHT SEIZED IN GERMANY: REPORTS

Separately, a superyacht reported to be owned by Russian businessman Roman Abramovich arrived in Montenegro's territorial waters on Saturday morning, according to a Reuters photographer.

A Finance Police officer boards the superyacht from Russian billionaire Andrey Igorevich Melnichenko which has been sequestered at the northern port of Trieste, Italy, March 12, 2022, in this screen grab taken from video, Finance Police/Handout via R (Finance Police/Handout via REUTERS / Reuters Photos)

The Solaris is one of a string of yachts owned by Chelsea Football Club owner Abramovich, according to reports in luxury goods publications SuperYachtFan, SuperYacht Times and Forbes.

The 140-metre (460-foot) vessel is moored off the luxury resort Porto Montenegro in the town of Tivat. The boat left Barcelona on Tuesday.

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Britain imposed sanctions on Abramovich on Thursday, freezing his assets and citing what it called his close relationship with Putin. Abramovich has denied having such ties.

($1 = 0.9167 euros)

(Reporting by Emilio Parodi in Bergamo and Stevo Vasiljevic in TivatWriting by Giselda VagnoniEditing by Frances Kerry)

Italian authorities seize one of world’s largest superyachts from oligarch

Sailing Yacht A, owned by Russian businessman Andrey Melnichenko, seized in Trieste on Friday evening

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Italian authorities have seized a €530m (£444m) superyacht owned by Russian businessman Andrey Melnichenko as part of EU sanctions following Vladimir Putin’s invasion of Ukraine .

Sy A – short for Sailing Yacht A – was seized on Friday evening in the port of Trieste after being identified by Italian police as belonging to the billionaire owner of EuroChem Group, a major fertiliser producer, and the coal company SUEK.

Video footage reportedly showed police cars with flashing lights approaching the yacht, said to be one of the largest in the world, and boarding it.

EuroChem and SUEK said in statements on Thursday that Melnichenko had resigned as a member of the board in both companies and withdrawn as their beneficiary, effective on Wednesday.

It comes as Roman Abramovich’s superyacht Solaris was pictured arriving in Tivat, Montenegro, on Saturday. The vessel left a port in Barcelona earlier this week as the UK government imposed sanctions on the Russian billionaire owner of Chelsea Football Club.

On Thursday, it was tracked off the coast of Sicily after reportedly undergoing repairs earlier in the week in Barcelona, one of a number of apparently hurried sailings of Russian billionaires moving their superyachts to avoid seizure. His other yacht, the more luxurious Eclipse, was on Thursday located to the west of the Canary Islands.

A European Council decision authorising the sanctions against Melnichenko says he was one of 37 business leaders who met with the Russian president after the invasion of Ukraine to talk about the potential economic impact of EU and US sanctions.

Melnichenko, the document states, “belongs to the most influential circle of Russian businesspeople with close connections to the Russian government”.

It adds: “He is therefore involved in economic sectors providing a substantial source of revenue to the government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.”

A spokesperson for Melnichenko, Alex Andreev, said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Andreev said. “We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

Italian authorities have separately seized €143m worth of luxury yachts and villas owned by Russian billionaires in luxury destinations including Lake Como, Sardinia and the Ligurian coast.

Nobiskrug, the manufacturer of Sailing Yacht A, describes the three-mast vessel on its website as “one of the world’s largest and most advanced superyachts” and the “ultimate embodiment of German superyachts built for the 22nd century”. It is almost 143 metres long, the mainmast is 100 metres above the waterline, and the yacht has a gross tonnage of about 12,600.

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.

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2 years after being seized, the Russian oligarch’s $580 million megayacht which is even bigger than Jeff Bezos’ Koru left Trieste and sailed for Venice. Just so that it would not escape on the high seas the 469 feet long vessel was guarded by armed ships of the Italian forces.

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World’s most expensive sailing superyacht sits abandoned

The world’s most expensive superyacht, owned by a Russian oligarch, has remained stranded in the sea for almost two years.

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A Russian oligarch’s $860 million superyacht, seized by Italian police, has sat abandoned in the sea for almost two years.

The boat was nabbed in March 2022 as part of ongoing EU sanctions against Russia amid Vladimir Putin’s failing war in Ukraine.

It has remained stranded in the Trieste Gulf, off the coast of Italy, ever since, The Sun reports.

The superyacht is owned by Russian tycoon and Putin crony Andrey Melnichenko, one of a number of businessmen targeted under war sanctions.

Dubbed Sailing Yacht A, it is among the largest in the world – measuring 100 metres high and 143 metres long.

It underwent testing in Gibraltar in 2017 before it was handed over to Melnichenko.

The boat’s mast is bigger than Big Ben’s Tower by 10 feet and it’s even deemed a medium-sized cargo ship.

It has eight decks, a helicopter pad, an underwater observation room and a hybrid diesel-electric propulsion system.

Run by a crew of 54, the yacht also has a digital control system that allows them to raise and lowers the sails and anchor just by swiping.

And it has the power to dash across waves at speeds of up to 20.8 knots.

The unconventional yacht was built by German Naval Yards, in Nobiskrug.

Now it sits impounded in a dry dock with a constant crew of 20 and Italian media reports that the government has spent over £6 million ($11.5 million) keeping it there.

Police cars with flashing lights reportedly swarmed the yacht and boarded it before impounding the vessel in 2022.

Melnichenko owns fertiliser company EuroChem Group and SUEK, a coal company.

He made headlines for his impressive ships when he moored his other £240 million masterpiece, “Motor Yacht A”, on London’s River Thames near Tower Bridge in 2017.

The tycoon is one of the richest men in the world and was one of 37 businessmen who met with Putin after the invasion of Ukraine to discuss potential sanctions.

An EU document described him as belonging “to the most influential circle of Russian businesspeople with close connections to the Russian government”, according to The Guardian .

It went on: “He is therefore involved in economic sectors providing a substantial source of revenue to the government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.”

Both companies said Melnichenko had resigned just days before his yacht was seized in 2022.

A spokesperson for Melnichenko at the time said the businessman had “no relation to the tragic events in Ukraine. He has no political affiliations”.

“There is no justification whatsoever for placing him on the EU sanctions list,” Alex Andreev said.

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“We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail.”

Italian police have apparently seized over $230 million worth of luxury boats and homes owned by Russian billionaires.

This article originally appeared on The Sun and was reproduced with permission

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SY A: Italy seizes one of the world’s largest superyachts owned by Russian businessman

The vessel, called “sy a”, is in storage at the northeastern port of trieste, article bookmarked.

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A £530 million mega yacht owned by Russian oligarch Andrey Melnichenko was seized on Friday by Italian authorities.

The vessel, called “SY A”, was in storage at the northeastern port of Trieste , a statement from Italy ’s financial police said.

Mr Melnichenko was one of a number of Russian elites recently sanctioned by the EU over close supposed links to the Kremlin, in response to Vladimir Putin’s decision to invade Ukraine .

In announcing its decision the EU said Mr Melnichenko - who owns fertilizer producer EuroChem Group and coal company SUEK - was among a group of 36 businesspeople who met with Mr Putin and other officials on February 24 to discuss the impact of economic sanctions by the EU and EU.

The EU Council decision said: “The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine.

“It also shows that he is one of the leading businesspersons involved in economic sectors providing a substantial source of revenue to the government of Russia, which is responsible for annexation of Crimea and ​destabilization of Ukraine.”

The businessman is worth approximately £8.4billion ($11 billion) - making him the eight richest man in Russia, according to Forbes.

The 143m (469ft) long superyacht was constructed by German shipbuilder Nobiskrug and features a host of amenities, including an underwater observation pod and hybrid diesel-electric propulsion.

European countries have responded rapidly to seize assets from Russian oligarchs and have already taken a number of the sailing vessels.

Italian authorities have taken Lena belonging to Gennady Timchenko, in the port of San Remo and the Lady M owned by Alexei Mordashov in nearby Imperia.

And French customs officials seized the yacht of Rosneft boss Igor Sechin, before it attempted to flee a French Riviera port.

A number of superyachts owned by Russian billionaires appeared to have found temporary haven in the Maldives, a luxury holiday destination, that crucially does not have an extradition treaty with the US or EU.

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Trieste Yacht Charter

Trieste is an idyllic Italian city up in the north eastern regions, close to the border of Slovenia. The port is at the end of a strip of coast situated between the Adriatic Sea Italy's border with Slovenia. This is the Adriatic where Croatia and Venice are top attractions and so there is a strong luxury yachting presence in the area. Trieste is a pretty spot and this is one of the reasons why a significant number of luxury yacht charter boats set sail and drop anchor in this spot of Italy. This popular yacht charter holiday destination is nestled between the Adriatic Sea and Slovenia. It is considered as a city like no other in the whole of Italy. It boasts of a rich culture and history as can be gleaned from several archaeological structures and imposing old structures that show strong neo-classical influence.

Some tourists are missing a lot because of their tendency to go with the popular flow of yacht charter crowds that flock to the more familiar destinations and city resorts like Venice. The City of Trieste has a lot of important attractions and places with historical or cultural significance, and these include a slew of museums, cultural and historical attractions, elegant restaurants, cafes, bars and an assortment of Roman remains. Trieste is also the ideal base for seasoned sailors and tourists who are spending their Mediterranean holiday on board charter yacht and exploring popular holiday destinations within the region like the Castello di Miramare.

A Yacht Charter Vacation in Trieste Italy

The seaside city of Trieste evokes a seamless mix of German, Slavic and Italian charm, definitely an important part of your Mediterranean yacht charter holiday. Its allure is based on its verdant landscape and lush vineyards. Its terrain is dominated by caves and mountains and within which you can find numerous ruins and remnants of an ancient civilization. Steeped with rich history and culture, Trieste is one of the best places to be if you want to explore and discover the glorious past of Italy.

This idyllic city features two marinas where yacht charter aficionados can set sail and drop anchor. The facilities in these marinas are primarily intended for seasoned sailors and other yacht charter aficionados. The San Rocco Port is equipped with a total of 525 berths with 60 metre maximum length and the Marina San Guisto has a total of 225 berths with 40 metre maximum length.

Popular Attractions in Trieste

As soon as you arrive in the City of Trieste, it is important that you start your city tour with a visit to the famed 14th century San Guisto Cathedral. This popular attraction is the icon of the city and features the unique integration of two impressive basilicas with Romanesque design and style. Other important historical attractions in the city of Trieste include the Roman theatre and San Guito’s medieval castle.

While spending your yacht charter holiday in the city of Trieste, it is also important that you visit and explore the Museo Revoltella, which showcases a rich collection of contemporary and modern art creations and masterpieces.

Most seasoned sailors and returning tourists set sail to Trieste during the months of July and August. It is during this time of the year where the city comes alive with the celebration of the special operatta festival.

Those who really want to explore and discover the full brilliance and grandeur of an authentic Mediterranean yacht charter boat vacation should include in their itinerary the city of Trieste. This is one of the many places you should visit on your luxury yacht rental in the area.

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YachtsUnlimited ™ members have been proudly providing high quality advise to the Superyacht community for decades. What differentiates us from other businesses is our ability to truly connect with our customers, and provide the exceptional, transparent & compassionate service they deserve. We are located in the heart of Trieste right in the middle between city and marina.

10 Reasons to Love Trieste

Trieste (Triest in German, Trst in Slovenian and Croatian) is a city in North-East Italy that was once a very influential and powerful centre of politics, literature, music, art and culture under Austrian-Hungarian dominion.

Today, Trieste is often forgotten as tourists head off to bigger Italian cities like Rome, Milan, and Trieste's archrival Venice. But those tourists miss out on a very charming and underestimated city, with a quiet and lovely almost Eastern European atmosphere, several pubs and cafes, some stunning architecture and a beautiful sea view. It was also, for a while, the residence of the famous Irish writer, James Joyce. Click on the above button to find out more...

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TRIESTE is a 33.13 m Motor Yacht, built in Italy by Blessi and delivered in 1946.

Her top speed is 9.0 kn and her cruising speed is 8.0 kn and her power comes from a Normo diesel engine. She has a gross tonnage of 173.0 GT and a 6.03 m beam.

She was designed by Ing. Antonio Blessi , who also completed the naval architecture. Ing. Antonio Blessi has designed 1 yacht and created the naval architecture for 1 yacht for yachts above 24 metres.

TRIESTE is one of 2121 motor yachts in the 30-35m size range.

TRIESTE is registered under the United States of America flag, the most popular flag state for superyachts with a total of 1972 yachts registered

Specifications

• Name: TRIESTE
• Previous Names: CAP. PIERO BLESSI,LOVEN IV,VEGSUND
• Yacht Type: Motor Yacht
• Yacht Subtype: Displacement , Expedition Yacht , Classic Yacht
• Builder: Blessi
• Naval Architect: Ing. Antonio Blessi
• Exterior Designer: Ing. Antonio Blessi
• Refits: 2006

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