Italy's Going After Russian Oligarchs' Yachts With a Vengeance

[Jilly_in_VA]

Italy is clamping down hard on Russian oligarchs’ ultra-luxurious property.

Over the weekend, the country’s law enforcement seized $156 million worth of super-pricey boats and real estate belonging to at least five of Russia’s sanctioned, super-rich elite, according to a list distributed by the Italian prime minister’s office to Reuters.

Russian billionaires have famously plunked down hundreds of millions to enjoy the best the Italian Riviera has to offer. Now, Italy is biting back, with more aggressive moves against them than any other Western country has yet publicly announced.

Italian police seized a 215-foot yacht named “Lady M,” owned by Russian steel magnate Alexey Mordashov, tweeted Ferdinando Giugliano, a media adviser to Italy’s prime minister.

Italy’s tax police also froze a yacht named “Lena,” which Giugliano said belongs to oilman and reputed close Putin confidant Gennady Timchenko. The vessel is worth an estimated $55 million, according to Giugliano. The country’s tax officials also froze a lavish, 17th-century property in Tuscany called “Villa Lazzareschi,” worth more than $3 million and owned by Russian parliamentarian Oleg Savchenko, Giugliano said.

https://www.vice.com/en/article/m7vk3q/italy-russian-oligarchs-yacht-villas
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Going somewhere, boys?

[2naSalit]

1. Soon there will be desperate lines...

Of oiligarchs and despots outside the "ride" ports of Bezos, Branson and Musk.