Russian oligarch's 2 superyachts worth nearly $100 million in total were seized by French authorities: report

Agence France-Presse reported that French authorities recently seized two $100 million superyachts, which are owned by a Russian billionaire.

According to Forbes, the co-owner of Alfa-Bank has a net worth of $6.2 billion.

A government source told Agence France-Presse that the yacht, worth $22 million, was seized in the city of Cannes on the southeast coast of France.

A government source told Agence France-Presse that the Little Bear II, worth $76 million, was seized in Antibes.

The port of Antibes and the French government didn't respond to Insider's request for comment outside of normal working hours.

The EU placed Kuzmichev on its sanctions list on March 15, meaning that his assets were frozen and he was banned from traveling to or doing business with union member countries.

In a report announcing its sanctions, the EU said that Kuzmichev was one of the most influential people in Russia.

Russian billionaires have had their boats seized by France before.

French authorities seized a yacht belonging to the CEO of a Russian oil company. The captain of the yacht was told by Sechin to leave the French port and sail to Turkey as soon as possible.