Italian Authorities Seize $114M Property Owned by Nikita Mazepin and His Father

Apr 14, 2022

Authorities across the world continue to seize properties of Russian oligarchs following the invasion of Ukraine, and the Mazepin family is the latest to face those consequences.

A property owned by former Formula One driver Nikita Mazepin and his father, Dmitry, which is worth approximately $114.32 million, was seized, the Italian financial police confirmed in a statement to CNN.

Nikita and his father, Dmitry, were added to the European Union sanction list just a few days after the contract with the driver and title sponsor Uralkali, the company his father owns, was terminated by Haas F1. The EU cited Dmitry’s meeting with president Vladimir Putin on Feb. 24—the day Russia invaded Ukraine—as why they are added to the list, saying it's evidence that he is “supporting or implementing actions or policies” which threaten Ukraine.

Source: Sports Illustrated
(Photo by:IMAGO / Independent Photo Agency)