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On the Côte d'Azur, Russian villas and yachts immobilized are rocking the economy

2022-04-22T18:21:33.488Z


REPORT - The sanctions imposed on the oligarchs since the war in Ukraine penalize local craftsmen and employees.


In Saint-Jean-Cap-Ferrat

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With its shores carved out of the blue waters of the Mediterranean, Saint-Jean-Cap-Ferrat, between Nice and Monaco, is a concentrate of superlatives.

This peninsula, which once housed a fishing village, has now become the richest place on the Côte d'Azur, but also the most Slavic.

Behind high walls equipped with cameras and heavy portals fashioned with golden arabesques, the opulence can be guessed with the roofs of monumental villas.

Luxurious residences which belong to Russian billionaires but also to oligarchs, whose goods, for some of them, are blocked by Bercy, in application of the sanctions decided by the European Union since the invasion of Ukraine by Russia.

Read also

After years of spending madness, Russian billionaires keep a low profile in France

Measures that do not help the local economy.

Targeted by the authorities, these villas, which risk keeping the shutters closed for a long time, support a host of employees: gardeners, swimming pool specialists, house staff who go…

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Source: lefigaro

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