France has seized a yacht owned by Russian oligarch Igor Sechin, the French finance ministry mentioned in a press release.
Sechin is the CEO of Russian oil large Rosneft.
The European Union sanctioned Sechin earlier this week, describing him as one in every of Russian President Vladimir Putin's "most trusted and closest advisors, in addition to his private pal."
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The yacht, named "Amore Vero" — or "True Love" in Italian — arrived on the French Mediterranean port of La Ciotat in January.
It was scheduled to go away the port on April 1.
"Thanks to the French customs officers who're implementing the European Union's sanctions in opposition to these near the Russian authorities," French Finance Minister Bruno Le Maire mentioned in a tweet.
Sechin was deputy prime minister of Russia from 2008 till 2012.
The European Union mentioned his connections to Putin are "lengthy and deep," with the 2 males sustaining every day contact.
Earlier this week, Le Maire introduced that France has arrange a activity power to finish a census of economic property and luxurious items owned by Russian personalities focused by EU sanctions.
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BP mentioned on Sunday that it could exit its 19.75 per cent stake in Rosneft and quit two seats on the corporate's board.