Italy says it has seized property belonging to Russian oligarch Mordashov

Italy has seized a building complex on the Mediterranean island of Sardinia worth around 105 million euros ($116.2 million) owned by Russian businessman Alexey Mordashov, Prime Minister Mario Draghi's office said on Friday. The operation was part of a broad, Western drive to penalise wealthy Russians linked to President Vladimir Putin following the invasion of Ukraine. It was the second time this month that assets belonging to Mordashov, reputed to be Russia's richest man, have been seized in Italy. ($1 = 0.9086 euros)

Italy has seized a building complex on the Mediterranean island of Sardinia worth around 105 million euros ($116.2 million) owned by Russian businessman Alexey Mordashov, Prime Minister Mario Draghi's office said on Friday.

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

It was the second time this month that assets belonging to Mordashov, reputed to be Russia's richest man, have been seized in Italy. Police on March 4 impounded his 65 metre (215 ft) yacht, the "Lady M", which had a price tag of 65 million euros. ($1 = 0.9086 euros)