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Putin's alleged $700M superyacht seized in Italy
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Italian officials seized a $700 million luxury yacht with ties to the Russian government, Rome's ministry of finance announced Friday.
Italian authorities scrambled to investigate the nearly 460-foot superyacht known as the Scheherazade, which was dry-docked in the Tuscan port of Marina di Carrara as concerns mounted the Kremlin-linked vessel would set out to Italian waters shortly.
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The yacht was seized under coordinated measures with the European Union due to Russia's involvement in "undermining or threatening the territorial integrity, sovereignty and independence of Ukraine."
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