Police seek to oust squatters from Russian oligarch’s London mansion

LONDON, March 14 (Reuters) – Police on Monday moved in to evict squatters who had occupied a London mansion suspected of belonging to Russian billionaire Oleg Deripaska, who was placed on Britain’s sanctions list last week in response to Russia’s invasion of Ukraine.

Wearing riot gear, officers entered the multi-million pound mansion which the squatters had previously occupied in Belgrave Square, in an upmarket area of ​​British capital and home to numerous foreign embassies.

However, they remained in a standoff with the squatters who gathered on the balcony at the front of the property where they had unfurled a Ukrainian flag and placed a banner reading ‘This property has been liberated’.

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“You occupy Ukraine, we occupy you,” said a statement from the squatters, who described themselves as anarchists.

“By occupying this mansion, we want to show solidarity with the people of Ukraine, but also the people of Russia who never agreed to this madness.”

Police said they had searched the property and were satisfied there was no one inside.

“We continue to engage with those on the balcony as we balance the need for enforcement with the safety of all involved,” police said on Twitter.

Britain froze the assets of Deripaska last Thursday, one of a number of Russian oligarchs targeted in the wake of the invasion of Ukraine, which the Kremlin has called a “special military operation”.

Deripaska, who has stakes in energy company En + Group which owns one of the world’s major aluminum producers UC Rusal (RUAL.MM), is worth an estimated 2 billion pounds and has a multi-million pound property portfolio in Britain, the British government said at the time.

Britain says Deripaska is closely associated with the government of Russia and Russian President Vladimir Putin.

London High Court documents from 2007 identified Deripaska as the beneficial owner of the Belgrave Square mansion. A judge in a court case the year before said the property and another house he owned outside the capital, were then worth about 40 million pounds ($ 52 million).

Representatives of Deripaska did not immediately respond to a request for comment. Shortly before the sanctions were imposed, Deripaska said peace was needed as soon as possible in Ukraine and warned that Russia would be different after the conflict.

Britain has so far sanctioned about 20 Russian oligarchs, including Chelsea soccer club owner Roman Abramovich and Alisher Usmanov, freezing their properties across London and banning them from coming to Britain.

“Squatting in residential buildings is illegal but we are working to identify the appropriate use for seized properties while owners are subject to sanctions,” a spokesman for Prime Minister Boris Johnson told reporters. “We certainly do not think people should break the law.”

($ 1 = 0.7666 pounds)

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Additional reporting by Elizabeth Piper; Editing by Frank Jack Daniel

Our Standards: The Thomson Reuters Trust Principles.

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