Italian Authorities Seize €41 Million Estate from Russian Businessman Alekszej Fedoricsev

Italian tax police seized assets worth 41 million euros from Russian businessman Alekszej Fedoricsev. Prosecutors claim the assets were tied to corruption, fraud, and money laundering in Ukraine. The confiscated property includes the Torre del Gallo castle. The seizure is unrelated to Western sanctions against Russia.

Italian tax police seized real estate and holdings valued at approximately 41 million euros from Russian businessman Alekszej Fedoricsev, Florence prosecutors announced on Monday.

Fedoricsev is under investigation in Ukraine for alleged corruption, fraud, and money laundering, and the seizure follows a request from Ukraine's anti-corruption prosecutor. While Florence prosecutors did not name the businessman, Reuters confirmed his identity through judicial sources.

The seized assets include the historic Torre del Gallo castle in Florence. Fedcom Media, part of Fedoricsev's Fedcom Group, and his lawyer declined to comment on the case. The Italian seizure is not linked to Western sanctions on Russian oligarchs introduced after the Ukraine invasion.