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France takes over. Igor Sechin owns a $120 million superyacht

Igor Sechin owns a $120 million superyacht that was seized by French authorities on Wednesday. This is the latest sign of a growing crackdown on Russia’s oligarchs in response to the Kremlin’s invasion of Ukraine.

Customs officials in France took control of the luxury vessel as it tried to leave the port of La Ciotat in southern France. This was in direct violation of European Union sanctions against Sechin and other Russian oligarchs.

In a tweet on Thursday, Bruno Le Maire, France’s Finance Minister, thanked customs officers in France for enforcing European Union sanctions against people who are close to the Russian government. The tweet came with a letter that detailed the seizure.

Arrived early January for repairs. Wasn’t supposed to leave until April 1 because of the repairs. In the letter, customs officials say that the 280-foot vessel was “taking steps to sail off urgently, before the repair work was done.”

It’s Igor Sechin’s job to run the oil company Rosneft.
Sputnik is a photo agency run by Sputnik

“Amore Vero” is a huge boat that Sechin owns through a company in which he is the majority shareholder, according to France’s finance ministry. Sechin owns a lot of the company. A company called Oceanco built the yacht in 2013.

At the World Yacht Awards, Oceanco says the Amore Vero was named the best yacht design over 50 metres. It’s one of the biggest ships of its kind in the world, and Oceanco says it won for the best design over 50 metres. The main deck of the yacht has a swimming pool that can be turned into a helicopter platform. There is also a sundeck with a jacuzzi and many other swanky things.

Sechin is a friend of Putin and the former deputy prime minister of Russia. He is now the CEO of the Russian oil company Rosneft. Sechin is one of Putin’s “most trusted and closest advisors, as well as one of his closest friends,” the European Union said in its report.

One of the yachts owned by an oligarchy in Russia has been stolen.
Thank you to the French customs officers who follow the rules of the European Union when they find people who are close to the Russian government.

Superyachts owned by people who are rich from Russia are moving to places like the Maldives and Seychelles because people in the US and around the world are getting more and more angry about their wealth. To stop Russia from attacking Ukraine, the world is trying to get tougher on Putin’s allies.

Yachts are just one of the things that are going to be taken away. On Wednesday, Russian billionaire Roman Abramovich said he was going to sell Chelsea because he was getting more and more pressure from all over the world.

President Biden said in his State of the Union address that his administration would go after the assets of Russian oligarchs very hard.

Igor Sechin and Vladimir Putin
Igor Sechin is a close ally and adviser to Russian President Vladimir Putin.
Igor Sechin Yacht
The superyacht arrived at the port in early January for repairs and was not scheduled to depart until April 1 as it underwent repairs.

About the author

Akanksha Jain

Akanksha Jain love to learn new stuff every day. With a background in computer science and a passion for writing, she loves writing for Startup, Business sections of Editorials99.

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