The Week (US)

Romazzino, Italy

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Stuck with oligarch spoils: The Italian government doesn’t know what to do with all the luxury villas and mega-yachts it has seized from Russia’s ultrawealt­hy in Sardinia. Thanks to EU sanctions brought after Russia’s invasion of Ukraine, the oligarchs have lost title to their mansions on the island’s northeaste­rn Emerald Coast and their yachts moored in its turquoise bay. The sanctions, though, have come with a price. Sardinia had built its economy around catering to Moscow’s super-rich, and now hundreds of workers have lost not only their jobs but also the lavish tips the oligarchs used to shell out. The Italian government, for its part, doesn’t have the resources to maintain all that garishly decorated property. “If it were up to me,” said realtor Tamara Grilloti, “I’d put them up for rent and give the money to Ukraine.”

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