Italy, Russia foreclosure of emerging conglomerates total € 143 million | Reuters

The Italian government said on the 5th that the mansion and yacht worth 143 million euros ($ 156 million) owned by five emerging Russian conglomerates called oligarchs, which are subject to sanctions imposed following Russia’s invasion of Ukraine. Announced that it was seized. The photo shows Prime Minister Draghi making a statement on the Ukrainian issue. Taken on February 24th in Rome. (2022 Archyde.com / Remo Casilli / REUTERS / Pool)

[Rome 5th Archyde.com]–The Italian government has imposed sanctions on the 5th following Russia’s invasion of Ukraine. Mansions and yachts owned by five emerging Russian conglomerates called oligarchs (143 million euros) ( It announced that it had seized the equivalent of $ 156 million).

According to the Prime Minister’s Office, the most expensive foreclosure is a € 65 million yacht owned by Russia’s richest man Alexei Mordashov. In addition, the ship of Gennady Timchenko, one of Putin’s entourage, the Italian luxury resort, and the mansion of wealthy businessman Alisher Usmanov on Sardinia were seized.

The Central Bank of Italy has instructed domestic banks on the 4th to promptly report all measures taken to freeze the assets of persons and institutions subject to sanctions by the European Union (EU).