Nikita Mazepin

Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father.

Over the last weeks, Italian police have sequestered villas and yachts worth over €900 million from wealthy Russians who were placed on a European Union sanctions lists following the Ukraine conflict. The most valuable asset seized so far is a superyacht owned by billionaire Andrey Igorevich Melnichenko, worth around 530 million euros, which was impounded in the northern port of Trieste. The operation targeted a villa -- known as Rocky Ram -- located in the north of the island of Sardinia. It is part of broader efforts aimed at penalising wealthy Russians linked to President Vladimir Putin after the Feb. 24 invasion of Ukraine by Moscow.

Italy has seized properties valued at €105 million ($114.32 million) belonging to Nikita Mazepin and his oligarch father Dmitry, Italian financial police ...

Perhaps, now is not the right time because if you look at the whole situation that's happening against athletes and in the general case, it's cancel culture against my country." drove for Haas F1 team and finished last in the drivers' championship, before his contract was terminated on March 5 following the Russian invasion of Ukraine. driver and his father are included on a list of individuals sanctioned by the EU in early March following Russia's invasion of Ukraine.

Following the invasion of Ukraine, Russian driver Nikita Mazepin and his father, a prominent team sponsor with close ties to Vladimir Putin, were pushed out ...

At a particularly combustible moment for global sports—the Russian oligarch Roman Abramovich recently announced his intention to sell Chelsea F.C. amid scrutiny of his own links to Putin—the Mazepin fallout and ensuing sanctions have underscored how closely the sport, arguably the fastest-growing in the world, is tied to matters of geopolitical concern. “I am a young man and I was not ready for it,” he told Sky Sports last month, adding, “I lost my dream, which I have been working towards for 18 years.” More recently, he described the sanctions against him as an element of “cancel culture against my country” in an interview with the BBC, echoing Putin’s own line on the matter. The complaints from the billionaire’s son didn’t garner much sympathy, and sanctions against Russian oligarchs have continued. As Reuters noted, in recent weeks, Italy has sequestered more than 900 million euros worth of villas and yachts owned by E.U.-sanctioned Russians. They provided much-needed capital.” Formula One ultimately canceled its scheduled Grand Prix in Russia, and Haas ended its relationship with both of the Mazepins. When the season began, the team’s car no longer sported neither the colors of the Russian flag nor the Uralkali name.

Italian authorities have seized a property from former F1 driver Nikita Mazepin and his father Dmitry. Both have been sanctioned by the E.U..

Authorities targeted a property known as Rocky Ram on the island of Sardinia. Italian authorities seized $113.7 million in property owned by Mazepin and his father, Dmitry. Mazepin was a driver for Formula 1 team Haas until his contract was terminated in March due to the invasion. Mazepin was driving on a salary believed to be worth $2 million annually.

NIKITA MAZEPIN lost his race seat ahead of the 2022 season after Haas parted company with the Russian.

He was replaced by Kevin Magnussen days before the start of the new season. Mazepin added the war made for painful viewing but refused to comment further on the crisis. It has a whopping 25 rooms with views over the Mediterranean. The villa also comes with a sculpted garden and its own private swimming pool.

Nikita Mazepin has been placed on the European Union's list of sanctioned Russians, and was sacked by the Haas F1 team.

In the past weeks, the Italian government is understood to have seize almost one billion euros worth of property from wealthy Russians with links to the Kremlin. Dmitry Mazepin is the chairman of UralKali, an enormous state-owned fertiliser company, and was called for a one-to-meeting with Putin on the day the invasion began. The Mazepin family was added to the European Union’s list of sanctioned Russians in early March in response to the country’s violent assault on Ukraine.