Putin’s $700 Million Super Yacht, Scheherazade, Seized In Italy
A giant superyacht said to be owned by Vladimir Putin was seized by Italian authorities on Friday after the E.U. recommended it be impounded as part of sanctions against Russia. Authorities in Italy said the $700 million Scheherazade, which is more than 4500-foot long and boasts spas, swimming pools, and two helicopter pads, was connected to a “significant person” but did not name him or her. The yacht has been the subject of an investigation by the Italian financial police since March. Since September, it has been in the dock at Marina di Carrara near Pisa undergoing a refit. The late-night a...