FinTelegram reports that Italian law enforcement has seized villas and yachts worth at least €140m from four Russian oligarchs because the EU placed them on the sanctions list. They forfeited a villa owned by the billionaire businessman Alisher Usmanov on Sardinia and a villa on Lake Como owned by Vladimir Soloviev. The agents also seized superyachts belonging to Russia's richest man, Alexei Mordashov and Gennady Timchenko.

FinTelegram reported that the Western alliance of the U.S. and EU are on the hunt for the luxury assets of the Russian oligarchs. U.S. President Joe Biden warned Russian oligarchs during his State of the Union address, saying that the U.S. will seize much of their wealth in the country. "We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Biden said in his address. "We are coming for your ill-begotten gains."