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France seizes a huge mansion belonging to a Russian oligarch

Roman Abramovich, one of the most famous Russian oligarchs in the world, has just seen the French authorities seize one of his properties worth 120 million dollars (US).

According to the English daily newspaper Daily Mail, France has seized the 12 residences that the billionaire close to Vladimir Putin owns in France.

Called Chateau de la Croë, the property located on the Riviera was once inhabited by King Edward VIII after he abdicated the British throne to marry the American divorcee Wallis Simpson.

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Roman Abramovich bought the house in 2001. He spent nearly $40 million on renovations.

France, like many other countries in the world, has been tightening its grip on Russian oligarchs since Russia invaded Ukraine on February 24.

Roman Abramovich, whose fortune is estimated byForbes to be worth $15.4 billion in 2021, has also had his 162-metre superyacht Eclypse, worth more than $700 million (US), confiscated by authorities.

The billionaire is the owner of English soccer club Chelsea. The club has been under the control of the Premier League since the events in Ukraine.