Italy seizes oligarchs’ villas and yachts in initial sweep

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Reuters

ROME (Reuters) – Italian police have seized villas and yachts worth at least 140 million euros ($153 million) from four high-profile Russians who were placed on an EU sanctions list following Moscow’s attack on Ukraine, sources said on Saturday. A police source said 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 both been seized. In addition, sources confirmed that yachts belonging to Russia’s richest man, Alexey Mordashov, and Gennady Timchenko, who has close tied with Rus…

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