Rome, 16 Mar The Italian Financial Police (Guardia di Finanza) today seized a luxury residential complex on the island of Sardinia owned by former Russian minister and banker Petr Olegovich Aven, included in the list of sanctioned by the European Union (EU) following Russia's invasion of Ukraine. Applying sanctions to freeze the assets of Russian oligarchs, Italy seized this residential complex located in the town of Punta Sardegna, north of the exclusive Porto Cervo, of which the oligarch owns one third, worth about 4 million euros, local media report. Aven, 67, who resigned a few days ago as director of Alfa Bank, Russia's first commercial bank, was minister for international economic relations with Boris Yeltsin and according to Forbes magazine he has a fortune that exceeds $5 billion, being the 529th richest person in the world. The oligarch is considered one of the 50 Russian millionaires who regularly meets with Russian President Vladimir Putin in the Kremlin, by the EU, who ensures that Aven acts on the basis of the president's requests. Aven, who has criticized the sanctions, also left the “LetterOne”, a Luxembourg-based investment group that he created together with the other tycoon Mikhail Fridman, one of the most active in the United Kingdom Aven's villa in the embargoed complex in Porto Rafael is one of the first to be built in the Punta Sardegna area and is known for the tragedy that occurred in 2015, when his wife Elena, 57, died of a heart attack while swimming back to the residence after greeting the sailors of their yacht. CHIEF ccg/mr/fp
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