A superyacht believed to be owned by Russian president Vladimir Putin was “frozen” by Italian authorities Friday before the ship could set sail from port. The $700 million, 459-foot Scheherazade , worth approximately $700 million, had been under investigation since March, when Italian authorities boarded the ship as part of the European Union’s sanctions against Russian oligarchs in response to the invasion of Ukraine. While Scheherazade’s ownership was under question, anti-corruption journalists working with jailed Russian opposition leader Alexei Navalny long claimed that the ship belonged to Putin; U.S. officials also linked the Scheherazade to Putin, the New York Times reported . ATTENTION!!! THIS IS NOT A DRILL. yacht , has just been arrested in Italy. https://t.co/FPdgXowjNS — Maria Pevchikh (@pevchikh) May 6, 2022 A subsequent report by Italian newspaper La Stampa connected the Scheherazade through shell companies to Russian oligarch Eduard … [Read more...] about ‘Putin’s Superyacht’ Grabbed by Italian Authorities Before It Could Sail Away