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Russia Ukraine conflict

Italy seizes Sardinia property belonging to Russia oligarch Aven: PM office

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Italy has seized a building complex on the Mediterranean island of Sardinia partly owned by Russian businessman Petr Olegovich Aven, Prime Minister Mario Draghi’s office said on Wednesday.

The operation was part of a broad, Western drive to penalize wealthy Russians linked to President Vladimir Putin following the invasion of Ukraine.

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Aven owned one third of the confiscated property and his holding was worth around 4 million euros ($4.40 million). It was not clear who owned the rest of the complex.

An oil investor who built a European business empire with an estimated net worth of $4.7 billion, Aven was placed on an EU sanctions list following Russia's invasion of Ukraine.

In the last two weeks, Italian police have sequestered villas and yachts worth hundreds of millions of euros from high-profile Russians placed on European Union sanctions lists since the February 24 invasion.

The most valuable asset seized so far was a superyacht owned by billionaire Andrey Igorevich Melnichenko, which is worth around 530 million euros and was impounded in the northern port of Trieste last Saturday.

Read more:

Italy freezes another Russian oligarch’s yacht over Ukraine war

UK newspaper Baron Lebedev denies being ‘some agent of Russia’

EU agrees sanctions on 14 oligarchs, blocks transactions with Belarus central bank

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