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Media: Italy seizes property worth $150 million from Russian oligarchs.

by The Kyiv Independent news desk March 5, 2022 3:03 PM 1 min read
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According to The Guardian's sources in Italian police, a villa owned by the billionaire Alisher Usmanov on Sardinia, and a villa on Lake Como owned by the Russian state TV host Vladimir Soloviev, have both been seized. Yachts belonging to Russia’s richest man, Alexei Mordashov, and Gennady Timchenko, close to Russia's dictator Vladimir Putin were also confiscated.

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Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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