News

An unprecedented barrage of sanctions targeting Russia has placed real estate professionals under the microscope in France, a popular destination for wealthy Russians seeking to invest their funds into property. French authorities moved quickly to track down assets owned by U.S.- and EU-blacklisted Russian oligarchs in the weeks after the Kremlin-ordered invasion of Ukraine commenced, so much so that by April 2022 they had taken roughly 30 properties worth €570 million into custody before the pace of freezing slowed down significantly. "We currently have 56 frozen properties corresponding to a value of €806 million, but this is a very undervalued...