Russian billionaire lost 11 villas in Italy

07:37 01 September Kyiv, Ukraine

The Council of Europe, after the introduction of personal sanctions against Russian billionaire Vyacheslav Kantor, ordered the confiscation of his assets.
Sanctions were introduced back in April 2022, but due to the complex interweaving of trusts that owned his property, this was only done in August.
About this writes the publication L'Unione Sarda.

Kantor's Italian real estate was located in Sardinia. One of the 11 confiscated villas borders the summer residence of Silvio Berlusconi, a member of the European Parliament. In addition, some of the arrested villas were once bought from the family of an Italian politician, in particular Primavera and Dolce Drago.

The European press calls the billionaire one of the friends of Russian President Vladimir Putin. Before the sanctions, Vyacheslav Kantor was the main owner of the mineral fertilizer producer Akron, Forbes estimates his fortune at $4.6 billion. In the 2022 ranking, Kantor ranks 27th. After the imposition of sanctions, the businessman transferred his share to management.

The businessman has three citizenships: Russian by birth, as well as acquired citizenships of Israel and Great Britain.

In the spring, the UK authorities launched an investigation into two charitable organizations in which the businessman takes part: the Cantor Charitable Foundation and the World Holocaust Forum. The Kantor Foundation account was frozen.