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Reuters
Reuters
Business
Michael Shields

Swiss seize holiday home in hurried clampdown on Russian oligarchs

FILE PHOTO: Member of the supervisory board of Consortium Alfa-Group Petr Aven attends the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP) in Moscow, Russia, December 19, 2016. REUTERS/Maxim Shemetov/File Photo

Swiss authorities have seized a luxury mountain home believed to be owned by a Russian oligarch as bankers and officials work overtime to track assets of people linked to Moscow in retribution for the invasion of Ukraine.

The Bern canton's property office said it believed the flat belonged to Petr Aven, identified by Switzerland as a close confidant of President Vladimir Putin and a major shareholder of the group that owns Russia's biggest private bank, Alfa.

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