Italy seizes oligarchs’ yachts, villas

A Sardinian villa belonging to Russian oligarch Alisher Usmanov, as well as a Lake Como house in the name of Moscow TV presenter Vladimir Soloviev, were seized following the adoption of EU sanctions, the Italian government confirmed Saturday.

The two properties are estimated to have a combined value of €25 million.

The police also seized two yachts belonging to Russian oligarchs Alexey Mordashov and Gennady Timchenko.

Mordashov’s “Lady M” was impounded from a port in Imperia on Italy’s northwestern coast. The boat was estimated at €65 million by the Italian authorities. Meanwhile, Timchenko’s “Lena,” valued at around €50 million, was taken from nearby Sanremo.

In addition, police seized a villa, valued at a more modest €3 million, belonging to Oleg Savchenko, in the province of Lucca.

All five men are considered close associates of Russian President Vladimir Putin.

Paola Tamma contributed reporting.

This story has been updated.

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