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Lena, Lady M Superyachts Seized in Italy as Part of $153 Million Haul

Two more iconic superyachts with dubious linkage have been seized, as part of sanctions against Russia for the invasion of Ukraine, conducted by member states of the European Union. Lena and Lady M are now frozen assets.
Lady M is a 2013, 213-foot superyacht estimated at $71 million 9 photos
Photo: Moran Yachts
Lady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLady M is a 2013, 213-foot superyacht estimated at $71 millionLena was delivered by Sanlorenzo in 2010, reportedly costs $55 million
Earlier this week, European authorities moved to freeze assets of Russian oligarchs, as a means to put pressure on Russian President Vladimir Putin to cease the invasion of Ukraine, by cutting off his money supply. Recent reports note that Alisher Usmanov’s $600 million Dilbar was seized in Hamburg, Germany, followed by Igor Sechin’s $120 million Amore Vero, which was frozen in France.

Italy is now moving along with sanctions against Russian oligarchs, with The Guardian reporting that authorities here have seized $152 million worth of assets from just four known Putin associates. Among the goods seized are luxury villas and condos, and two of the world’s most iconic superyachts, the Lena and Lady M.

Lena, a 38.5-meter / 126-foot, $55 million superyacht delivered by Sanlorenzo in 2010, belonged to Gennady Timchenko and was in the port of San Remo when authorities moved in on it. Powered by twin MTU engines, Lena can hit top speeds of 29 knots (32.2 mph / 51.8 kph). Specifics about it were never made public, since it was not available for charter; but it is known that Lena underwent a refit in 2020.

Lady M, the more expensive of the pair, is also bigger and newer: measuring 65 meters / 213 feet, it was delivered by Palmer Johnson in 2013, and is estimated at $71 million. With a design by Nuvolari and Lenard, Lady M is the largest aluminum motor yacht ever built in the United States, offering accommodation for 12 guests in six luxurious staterooms, and 14 crew. The owner of Lady M is Russia’s richest man, Alexei Mordashov, who had it docked in the port of Imperia when it was seized.

According to various officials both in the EU and the U.S., this is just the beginning. As President Biden said in his recent State of the Union address, “We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets. We are coming for your ill-begotten gains.”
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About the author: Elena Gorgan
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Elena has been writing for a living since 2006 and, as a journalist, she has put her double major in English and Spanish to good use. She covers automotive and mobility topics like cars and bicycles, and she always knows the shows worth watching on Netflix and friends.
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