A French court on Wednesday ordered the country's customs agency to release an impounded yacht owned by a Russian billionaire hit by European sanctions, due to procedural errors made during the seizure of the vessel. Customs agents seized the 27-metre "La Petite Ourse" on March 16, after its owner, Alexey Kuzmichev, one of the main shareholders of Russia's Alfa Bank, was sanctioned by the EU in March for his ties to President Vladimir Putin. Kuzmichev sued the French authorities in an effort to win back access to his two yachts held in France, La Petite Ourse and La Petite Ourse II.
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