A Russian-owned superyacht valued at £443m has been confiscated by Italian police in the port of Trieste as part of a global crackdown on wealthy oligarchs.
A statement from the Official Journal of the European Union described Melnichenko as belonging to the"most influential circle of Russian businesspeople with close connections to the Russian Government".
It added:"On 24 February 2022, in the aftermath of the initial stages of Russian aggression against Ukraine, Andrey Igorevich Melnichenko, along with other 36 businesspeople, met with President Vladimir Putin and other members of the Russian government to discuss the impact of the course of action in the wake of Western sanctions.
A spokesperson for Melnichenko said the businessman had"no relation to the tragic events in Ukraine and has no political affiliations"."We will be disputing these baseless and unjustified sanctions, and believe that the rule of law and common sense will prevail."The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers in response to Russia's invasion of Ukraine.
A government document announcing the move said that Abramovich has had a"close relationship for decades" with Putin.The UK is the first nation to sanction Abramovich, who has been described by the government as a"pro-Kremlin oligarch".
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