French authorities said they seized a yacht belonging to Russian oligarch Igor Sechin, who is among a group of individuals sanctioned by the EU
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French authorities said they seized a yacht belonging to a company majority owned by Igor Sechin, the chief executive of Russian oil producer Rosneft. Mr. Sechin was among aThe 280-foot yacht, the Amore Vero, was seized overnight at a shipyard in La Ciotat, on France's Mediterranean coast. The yacht was undergoing repairs, but French authorities said it was making arrangements to sail urgently.
Built in 2013, the yacht was registered under the flag of the Cayman Islands. It arrived in La Ciotat on Jan. 3 and was due to remain there until April 1 to carry out repairs, according to French authorities. At the time of the inspection, the ship was making arrangements to sail, despite the work not being finished. French authorities said the fact that the yacht was trying to leave French territorial waters prompted the seizure.
When Mr. Sechin was separately sanctioned in 2014 by the U.S., he said he considered the move an endorsement of his effectiveness at Rosneft.
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