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

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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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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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In a closed-door briefing with journalists, Rustem Umerov, Secretary of the National Security and Defense Council, and Oleksandr Kamyshin, an advisor on Strategic Industries to the President's Office, said that the current production capacity (for this year) of the Ukrainain defense industry is around $35 billion per year.

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