Putin’s showy yacht “Scheherazade” was confiscated

Vladimir Putin (69) is said to own a $700 million yacht. It is the yacht “Scheherasade”, one of the largest and most expensive in the world. Now it has been confiscated in Italy.

Italian tax authorities announced on Friday that they had frozen the megayacht. Bizarrely, Italy did not specifically say who the owner is in its decree impounding the ship.

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