Rashnikov's representative denied the data about the villa in France and the confiscation

Le Monde reported that a villa in Saint-Jean-Cap-Ferrat was confiscated, which, according to the authorities, belongs to Viktor Rashnikov. The representative of the businessman called these data slander, noting

The chairman of the board of directors of the Magnitogorsk Iron and Steel Works, Viktor Rashnikov, does not have real estate in France registered with third parties, a businessman's representative told RBC.

So he reacted to an article in Le Monde, which refers to a villa in the commune of Saint-Jean-Cap-Ferrat in southeastern France. According to the publication, the mansion, which is valued at €23 million, was arrested as part of sanctions against Russian businessmen imposed due to hostilities in Ukraine. The villa was registered to a Swiss company owned by a Panamanian firm, but French authorities believe that Rashnikov is its real owner. Shortly after the start of the Russian military operation, an attempt was made to sell the villa, but the French Directorate for Intelligence and Counteracting Underground Financial Schemes blocked the attempt.

According to the representative of Rashnikov, “any fabrications about any villas, their sales and arrests or other property owned by third parties in his favor and which are presented in the article” are unreliable information and slander. He said that Rashnikov did not know anything about the villa, which Le Monde writes about, "and, accordingly, he could not sell it either personally or through other individuals or legal entities."

FORBES learned about the freezing of real estate Timchenko and Rashnikov in France Business

The representative of the businessman added that Rashnikov's property in France has a legal ownership structure, information about it is transferred to the authorities in accordance with local law.

Rashnikov came under EU sanctions in March 2022, a few months later he challenged the Brussels decision. Shortly after the introduction of restrictions, the French Ministry of Finance published the addresses of houses and apartments that were frozen in accordance with the sanctions. According to Forbes, Rashnikov owned real estate worth $200 million from this list.

In September, Politico reported that Hungary asked the EU to lift sanctions on Rashnikov, Alisher Usmanov and Petr Aven. According to the newspaper, Brussels persuaded Budapest to shelve the demand.

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Forbes last year estimated Rashnikov's fortune at $6.6 billion. According to BLOOMBERG, it is $9.3 billion.