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Italian police seize villas, houses and yachts worth over $150 million from Russian oligarchs

houses and yachts worth over $150 million from Russian oligarchs

From CNN’s Sharon Braithwaite in London

The Italian financial police have seized villas, houses and yachts worth 143 million euros (more than $150 million USD) from five Russian oligarchs, the police said Saturday in a statement.

The Special Unit of the Financial Police, in collaboration with the Economic and Financial Police Unit of Imperia and the Aeronaval Operational Department of Genoa, executed asset-freezing orders on Friday against multiple Russian oligarchs, according to the statement.

Freezing orders were executed against the following people:

Alexey Alexandrovits Mordaschov: yacht Lady M, located in the port of Imperia, worth approximately 65 million euros (about $71 million)

Gennady Nikolayevich Timchenko: yacht Lena, located in the port of San Remo, worth approximately 50 million euros (about $55 million)

Alisher Usmanov: real estate compendium located in Golfo del Pevero in Arzachena, worth approximately 17 million euros (about $18 million)

Vladimir Roudolfovitch Soloviev: properties located in the province of Como worth approximately 8 million euros (about $8.7 million)

Oleg Savchenko: seventeenth-century villa named “Villa Lazzareschi” located in the province of Lucca, worth about 3 million euros (about $3.3 million)

These restrictive measures come after the EU Council imposed sanctions on several persons and entities over Russia’s military aggression against Ukraine.

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