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The total value of Russian property frozen in Italy has reached almost €2 billion. In 2022, the authorities will spend almost €14 million on its maintenance and protection against vandalism

In 2022, the Italian government will spend €13.7 million for the maintenance of Russian property frozen in the country, reports La Repubblica.

We are talking about villas and yachts that were arrested in connection with EU sanctions imposed due to the Russian military operation in Ukraine. The newspaper estimates that the total value of this property is almost €2 billion.

According to the newspaper, the government is trying to reduce the cost of maintaining property. The Cabinet is preparing amendments to the relevant bill, according to which the authorities will have to take “minimal and urgent” actions to ensure its safety, for example, protection against vandalism. The original text said that “all necessary actions” are needed.

In addition, Rome expects that at the end of the sanctions, the owners of the property, who want to return it, will reimburse the Italian authorities for the costs of maintenance. La Repubblica notes that if the owners do not take it within 180 days, the authorities will have the right to sell the objects— entirely or its “separate items” that are in frozen villas and yachts.

Italy since March began to report the freezing of the assets of Russians and the arrest of their property. In the middle of the month, authorities seized Sailing Yacht A worth €530 million. La Repubblica and Corriere della Sera reported that it belonged to Russian businessman Andrey Melnichenko. Then they seized real estate in Sardinia, the owner of which the Italian government considers the main owner and chairman of the board of directors of Severstal; Alexey Mordashov. In addition, the authorities seized the yacht Lady M, which, according to La Repubblica, also belongs to Mordashov.

Read on RBC Pro Pro SMS is no longer affordable: how sanctions have changed mobile mailings in Russia Articles Pro The dark side of the state defense order: what to consider in order not to go to jail When it helps the manager, and when it interferes Articles Pro Defective – out: which managers will survive in the next two years Articles Pro You have a difficult conversation. 5 tips to help it run Instructions Pro Why did CNN+ shut down and what will happen to other streaming services? On April 6, his villa in the town of Menaggio, which is under reconstruction, was set on fire; Police said the fire was quickly put out. The next day, the pool and walls at another Solovyov villa in the city of Pianello del Lario were flooded with red paint.

On May 7, the Italian Ministry of Economic Development announced the arrest of the Scheherazade superyacht; according to the authorities, the owner of the vessel has a “significant economic and business relationship”; with «prominent representatives» Government of Russia.

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