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IPFS News Link • Forfeiture & Seizure

Italian Authorities Seize $70 Million Yacht Belonging To Russian Billionaire

• https://www.zerohedge.com by Tyler Durden

The seizure was said to be in compliance with the recent EU sanctions.

For those who don't know him, Mordaschov, he is Russian billionaire businessman, and the main shareholder and chairman of Severstal, a Russian conglomerate with interests in metal, energy and mining companies.

During the tidal wave of news coverage of Russia's invasion of Ukraine, seizing the yachts belonging to sanctioned Russian oligarchs has become something of a national pastime in the West. One former CIA employee has started a movement to "seize the fleet", and Vice News has written about how one US Congressman is trying to "get regular Americans in on the action", according to Vice News.


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