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Italy seizes oligarchs’ yachts, villas

A Sardinian villa belonging to Russian oligarch Alisher Usmanov, as well as a Lake Como house in the name of Moscow TV presenter Vladimir Soloviev, were seized following the adoption of EU sanctions, Reuters reported Saturday.

The police also seized on Friday two yachts belonging to Russian oligarchs Alexey Mordashov and Gennady Timchenko, the Italian government confirmed Saturday.

Mordashov’s “Lady M” was impounded from a port in Imperia on Italy’s northwestern coast. The boat was estimated at €65 million by the Italian authorities.

Meanwhile, Timchenko’s “Lena,” valued at around €50 million, was taken from nearby Sanremo.

All four men are thought to be close associates of Russian President Vladimir Putin.

Paola Tamma contributed reporting.

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