France impounds super yacht owned by head of Russian state oil giant

French customs officials have taken control of a giant yacht owned by Rosneft Chief Executive Officer Igor Sechin as part of the European Union’s sanctions against Russia, French Finance Minister Bruno Le Maire said on Thursday.

The Amore Vero was confiscated overnight in the Mediterranean port of La Ciotat, near Marseille, on the French Cote d’Azur as it was preparing an urgent departure, according to the French Finance Ministry.