Bloomberg learned about Kuzmichev's request to be allowed to sail on a yacht on the Riviera

The lawyer for the co-founder of Letter One and Alfa Group insists that EU sanctions do not prohibit personal use of the frozen assets. Earlier, Kuzmichev, through the court, achieved the cancellation of the detention of one of his yachts.

Russian billionaire Alexei Kuzmichev appealed to the French authorities with a request to allow him to make boat trips along the French Riviera on the yacht La Petite Ourse II. It is reported by Bloomberg.

The businessman's lawyer, Philippe Blanchetier, told the Rouen Court of Appeal that EU sanctions do not prohibit personal use of the frozen assets. This means that Kuzmichev is not forbidden to live in a house in Paris or a villa in the south of France and move between them.

“I don’t understand why he [Kuzmichev] couldn’t swim along the coast from Cannes to Saint-Tropez. The only thing that is forbidden for him is to leave French territory and, therefore, French territorial waters, ”said Blanchetier.

Earlier, the Russian billionaire, through the Paris Court of Appeal, achieved the cancellation of the detention of the La Petite Ourse yacht in the French resort town of Antibes on the Cote d'Azur.

Co-founder of Letter One and Alfa Group Kuzmichev (20th in the Forbes rating of Russian billionaires with a fortune of $ 6 billion) fell under EU sanctions in mid-March. The restrictions include, among other things, the freezing of assets in EU jurisdiction. After that, the businessman left the number of beneficiaries of Alfa-Bank and left the board of directors of Letter One.

At the end of the same month, it became known about the arrest of Kuzmichev's yachts La Petite Ourse, 17 m long and La Grande Ourse II, 26 m long. Both were registered in Orangerie Marine Limited with registration in Malta.