In the dark of night on March 4, Italian police in the Ligurian port of Imperia encircled a 215-foot superyacht belonging to Russia’s fourth-richest person, Alexey Mordashov.
The European Union had sanctioned the billionaire on February 28, days after Russia’s invasion of Ukraine. His extensive holdings in Europe – including Lady M, with its swimming pool and beauty salon – were seemingly frozen by authorities.
