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Wednesday, February 4, 2026
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Gennady Timchenko

Hunting Oligarchs – Italian authorities seize more superyachts and assets!

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.

The Russian Oligarch, Billionaire, and Investor Gennady Timchenko

On 22 Feb 2022, U.K. Prime Minister Boris Johnson announced sanctions on three of Russia’s wealthiest individuals as part of the British government’s response to the escalating conflict in Ukraine - Boris Rotenberg, Igor Rotenberg, and Gennady Timchenko.
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