Two yachts of billionaire Alexei Kuzmichev arrested on the Cote d’Azur

Two yachts of Russian billionaire Alexei Kuzmichev arrested in Francea member of the Board of Directors of LetterOne and the Supervisory Board of Alfa Group. This is reported by the newspapers Liberation and Le Figaro.

We are talking about the yachts Ursa Minor, 17 meters long, which is located in the port of Cannes, and Ursa Major, 26 meters long, which is being repaired at the Antibes shipyard. Both vessels are valued at 20 million and 50 million euros, respectively. The customs authorities notified the owner of the asset freeze measures.