Italian taxpayers are paying millions to keep Russian yachts afloat
7 Articles
7 Articles
Born in Belarus, Melnichenko began his business career as a currency trader. Just before the Russian attack on Ukraine in early 2022, Forbes valued his fortune at nearly $25 billion. This made him the 65th richest person in the world. In the spring of 2022, the oligarch was placed on the European Union's sanctions list. Banks froze his accounts, and governments seized his assets. Among these assets was a superyacht designed by—of course—superarc…
Italian taxpayers are paying millions to keep Russian yachts afloat
By Barbie Latza Nadeau, CNN Trieste, Italy (CNN) — An expensive floating eyesore has marred views in the port of Trieste, northern Italy, for more than four years, and it is costing Italian taxpayers millions to maintain, the city’s mayor says. Russian oligarch Andrey Igorevich Melnichenko’s “Sailing Yacht A,” one of the world’s largest sailing
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