Live Breaking News & Updates on Paris Appeals

Stay updated with breaking news from Paris appeals. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Sanctioned Russian billionaire wins right to use his yacht on the French Riviera

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. ....

Haute Normandie , France General , Provence Alpes Côd Azur , Layli Foroudi , Vladimir Putin , Alexey Kuzmichev , Matthew Lewis , Richard Lough , Philippe Blanchetier , Russia Alfa Bank , Sanctioned Russian , French Riviera , Alfa Bank , President Vladimir , Paris Appeals , French Customs , A Petite Ourse , Russian Oligarchs , Alexey Kuzmichev , French Court ,