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Reuters
Reuters
Business

Italy says it has seized property belonging to Russian oligarch Mordashov

FILE PHOTO: Alexey Mordashov, Chairman of the Board of Directors of Severstal, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina

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.

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