Monaco threatens to seize oligarchs’ yachts, other assets amid Ukraine war

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Europe’s playground for billionaires is joining the crackdown on Russian oligarchs amid Vladimir Putin’s invasion of Ukraine.

Monaco’s Prince Albert said the ultra-chic Mediterranean Sea tax haven inside southern France will begin freezing and seizing assets, as well as imposing sanctions on certain Russians, joining international efforts to put the squeeze on Moscow. That could mean impounding superyachts that Russian billionaires dock there while gambling or just visiting their tony getaway homes.

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