Italian police seize properties worth over $150 million from Russian oligarchs

Condemnation for Russia continues on the war in Ukraine, as billionaires from the country lose properties worth $150 million in Italy.

According to a police statement on Saturday, March 5, the Special Unit of the Financial Police, in collaboration with the Economic and Financial Police Unit of Imperia and the Aeronaval Operational Department of Genoa, executed asset-freezing orders on Friday against multiple Russian oligarchs.

Freezing orders were executed against the following people:

1. Alexey Alexandrovits Mordaschov: yacht Lady M, located in the port of Imperia, worth approximately 65 million euros (about $71 million)

2.Gennady Nikolayevich Timchenko: yacht Lena, located in the port of San Remo, worth approximately 50 million euros (about $55 million)

3. Alisher Usmanov: real estate compendium located in Golfo del Pevero in Arzachena, worth approximately 17 million euros (about $18 million)
4. Vladimir Roudolfovitch Soloviev: properties located in the province of Como worth approximately 8 million euros (about $8.7 million)
5. Oleg Savchenko: seventeenth-century villa named “Villa Lazzareschi” located in the province of Lucca, worth about 3 million euros (about $3.3 million)