It's believed to be connected to Putin, Italy maintains $700 million yacht

Italy has seized a yacht worth 700 million dollars believed to be linked to Russian President Vladimir Putin, according to the BBC.

Scheherazade has been under surveillance since March for possible ties to Russian President Vladimir Putin. The report said that investigations “highlighted the presence of important economic and business ties” between the yacht owner and the Russian government's “Electrons,”.

The yacht owner, whose name was not disclosed also has links to other Russians included in the EU sanctions list for “actions that compromise or threaten the territorial integrity, sovereignty and independence of Ukraine”, according to police. /abcnews. al