In Italy, properties belonging to Russian Formula One driver Nikita Mazepin and his oligarch father have been seized. That even for $114 million ($114.45 million).
Nikita Mazepin, a former Formula One racer from Russia, was after a property called Rocky Ram in Sardinia’s northwestern region. It’s part of a larger attempt to punish wealthy Russians tied to President Vladimir Putin following Moscow’s invasion of Ukraine on February 24.
EU sanctions on Nikita Mazepin
Mazepin, who was fired by Haas, a US-owned Formula One team, in March, was named in an EU sanctions. List alongside his father. Dmitry, who was described by the European Union’s official journal as a member of President Vladimir Putin’s inner circle.
Nikita Mazepin in an interview before his Sardinian property was taken, “Sanctions are not something I agree with. I’ve said before that I’m going to fight it. Perhaps now is not the ideal time. Because the entire situation that is unfolding against athletics, and in general, is aimed at eradicating culture in my country”
Over the last few weeks, Italian police have seized houses and yachts worth more than €900 million from affluent Russians who have been sanctioned by the European Union. As a result of the Ukraine conflict. The most valuable object confiscated so far is a superyacht owned by billionaire Andrey Igorevich Melnichenko. Which was impounded in the northern port of Trieste and is valued at roughly 530 million euros.
Nikita Mazepin PR manager
Reuters has reached out to Mazepin’s public relations manager for comment. When reached, Mazepin’s manager declined to respond. “Neither of them wishes to talk,” the manager said, but it’s unclear if he was speaking for both guys.