Italian authorities seizes yachts and villas from Russian oligarchs | Russia-Ukraine Conflict | WION

now the west is stepping up pressure on the kremlin with not just economic sanctions against the country but also by imposing strict sanctions on russian oligarchs italian police have now seized property worth 156 million dollars from high-profile russians luxury properties including villas yachts they have been confiscated under the sanctions placed following moscow's attack on ukraine the properties have been seized across prestigious real estate locations including lake como tuscany sardinia while two super yachts have been caught in the country's northern part italian prime minister's office released a list of all the property that was seized of which 65 meter long yacht named lady m is the most valuable lady m is owned by russia's richest man alexei mordechov and is priced at over 17 million dollars it has been impounded at imperial while the second luxury vessel that is lena worth over 54 million dollars was seized at the sanrim port lena is the is owned by gennady timchenko who is one of the closest known associates of president putin now not only yachts the italian administration have also appropriated villa's luxury properties across the country a villa worth 18.5 million dollars was seized in sardina the property is owned by russian oligarch russian a parliamentary member oleg savchenko's 17th century house near tuscan city lucha was also attached in addition to undisclosed number of properties valued at around 8 million euros that were confiscated in como italian banks meanwhile have been instructed to urgently communicate all measures taken to freeze the assets people and entities placed on the eu list the csl a union is the country in the country has now warned that the sanctions could negatively impact the economy this is u.s and its allies while further sanctions against russia beyond is now available in your country download the app now get all the news on the move

Channel: WION

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Id: rX6QnRwJ4uE

Length: 2min 17sec (137 seconds)

Published: Sun Mar 06 2022