Putin’s ex-wife races against time to sell Marbella property as EU sanctions loom

The ex-wife of Russian President Vladimir Putin is “urgently” selling two luxury apartments on the Costa del Sol in a bid to circumvent EU sanctions on her property empire.

The two residential complexes owned by Lyudmila Ocheretnaya, located on Marbella’s Golden Mile in the Lomas del Rey urbanization, have been put on the market for a combined amount of 2.2 million euros.

Each with stunning sea views, 25 square kilometers of shared landscaped gardens and only 800 meters from the beach, they also enjoy 24/7 security surveillance, as befits the ex-wife of the richest man. of the world.

The Ocheretny properties were purchased by Lyudmila’s current husband, Artur Ocheretny, in 2011 and 2014 before their marriage in 2015 and were purchased with mortgage loans from a Spanish bank.

The couple also own a luxury apartment in Davos, Switzerland, valued at €3.7 million, and an Art Deco villa in Biarritz valued at €6 million, far more than their family’s legal income.

It was sanctioned by the UK in May last year, but has yet to be added to the Brussels list, although the move is believed to be imminent. The Ukrainian government and Alexei Navalny, Putin’s political rival, have called for the former first lady to be placed on the EU sanctions list.

Lyudmila Ocheretnaya, formerly Lyudmila Putina, divorced Putin in 2013 and is the mother of his two eldest daughters.

There has also been speculation that the former first lady has received financial support from Putin over the years and is said to lead a lavish lifestyle not unlike that of a Russian oligarch.

The UK said Ocheretnaya had benefited from preferential trading relationships with Russian state entities by imposing sanctions on it.

Currently, properties worth more than €500,000 allow foreigners the right to apply for residence permits in Spain, which are temporary for the first year and then become permanent.

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