Ukraine-Russia Conflict: A £530m yacht owned by a Russian businessman is being seized by Italy

According to Italy’s finance police, Russian businessman, Andrey Melnichenko’s mega yacht has been seized on Friday. The vessel called “SY A” is worth about £530m. Mr Melnichenko had been sanctioned by the European Union on 9 March after the information that he and 36 other businessmen met with Russian President Vladimir Putin after the invasion of Ukraine. The aim behind this meeting was to discuss the economic impact of EU and US sanctions.

However, the war between Russia and Ukraine is getting worsen day by day. Satellite images show Russian forces are getting closer to Kyiv and appear to be firing artillery toward residential areas. However, the US has warned of the possibility of chemical or biological weapons being used by Russia. Not only this Russian airstrikes hit three cities in Ukraine on Friday – including two in the country’s west. Hundreds of thousands of civilians remain trapped and under fire in Ukrainian cities. But a third Russian major general has been killed in Ukraine, western officials confirmed. Criticizing Russia, Joe Biden announced plans to ban the import of seafood, vodka, and diamonds from Russia. The US has also accused Russia of violating nuclear safety principles. Meanwhile, Russia has moved to block Instagram after its parent company, Meta, said it would allow calls for violence against Putin and Russian soldiers.