A giant superyacht said to be owned by Vladimir Putin was last night set to be seized by Italian authorities after they recommended it be impounded as part of sanctions against Russia.
Authorities in Italy said the $700 million The Scheherazade, which is more than 450ft long, and boasts spas, swimming pools and two helicopter pads was connected to a 'significant person' but did not name them.
The yacht has been the subject of an investigation by the Italian financial police since the end of March and has been in dock at Marina di Carrara near Pisa since September undergoing a refit.
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