© Reuters. FILE PHOTO: Russian businessman and president of the Worldwide Fencing Federation (FIE) Alisher Usmanov attends an awarding ceremony for Russian Olympic medallists returning residence from the 2016 Rio Olympics on the Kremlin in Moscow, Russia, August 25,
By Crispian Balmer and Emilio Parodi
ROME (Reuters) -Italian police have seized villas and yachts value a minimum of 140 million euros ($153 million) from 4 high-profile Russians who have been positioned on an EU sanctions checklist following Moscow’s assault on Ukraine, sources stated on Saturday.
A police supply stated a villa owned by billionaire businessman Alisher Usmanov on the Mediterranean island of Sardinia, and a villa on Lake Como owned by state TV host Vladimir Soloviev, had each been seized.
As well as, sources confirmed that yachts belonging to Russia’s richest man, Alexey Mordashov, and Gennady Timchenko, who has shut tied with Russian President Vladimir Putin, have been impounded in a single day in northern Italian ports. [L5N2V75YZ]
Russian oligarchs are believed to have purchased quite a few villas in selection Italian areas over the previous 20 years and sources stated extra property have been anticipated to be seized in coming days as Western states implement huge sanctions to attempt to drive Russia to withdraw from Ukraine.
Italian banks have been instructed by the Financial institution of Italy’s monetary intelligence division on Friday to urgently let it know of all measures taken to freeze the property of individuals and entities positioned on the EU checklist.
Uzbekistan-born metals and telecoms tycoon Usmanov is well-known in Italy for proudly owning a number of properties on Sardinia, whereas Italian media say Mordashov owned a villa value some 66 million euros ($72 million) on the identical island.
Bearing in mind the property of his complete household, Forbes journal estimates that Mordashov had an estimated web value of $29.1 billion earlier than sanctions hit.
His 65 metre (215 ft) yacht the “Woman M” had a price ticket of 65 million euros and was impounded within the northwest port of Imperia, whereas Timchenko’s boat Lena was value some 50 million euros and was seized in close by Sanremo, a judicial supply stated.
Timchenko made a fortune in oil buying and selling and has been described by Putin as one among his closest associates.
Soloviev reportedly complained https://tinyurl.com/2p8994kf on Russian tv when he discovered final month that he risked shedding his Italian villa.
“Immediately somebody comes to a decision that this journalist is now on the checklist of sanctions. And straight away it impacts your actual property. Wait a minute. However you instructed us that Europe has sacred property rights,” he was quoted saying by The Every day Beast.
Whereas the European Union has moved rapidly in opposition to people seen as near the Russian authorities, Britain has moved extra slowly.
Nevertheless British Prime Minister Boris Johnson was quoted as saying on Saturday that amendments to Britain’s financial crimes laws can be introduced to parliament on Monday to assist the federal government act with extra pace.
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