France Confiscates Sanctioned Russian Oligarch’s Oil Painting: Report

  • France confiscated a portray owned by the sanctioned Russian oligarch Petr Aven, AFP reported.
  • The portray is a self-portrait by the Russian artist Pyotr Konchalovsky, AFP mentioned.
  • The paintings had been hung at an exhibition in Paris that closed on April 3.

France has confiscated an oil portray owned by the sanctioned Russian oligarch Petr Aven, AFP reported.

France’s tradition ministry mentioned Saturday that the portray, a self-portrait by the Russian artist Pyotr Konchalovsky, would keep in France so long as its proprietor remained focused by an asset freeze, per AFP.

The tradition ministry did not identify the proprietor of the portray however AFP cited a supply as saying it was owned by Aven.

The portray appeared at an exhibition on the Foundation Louis Vuitton in Paris that closed on April 3.

According to AFP, the ministry mentioned a second portray, “Margarita Morozova,” by the Russian artist Valentin Serov, which belongs to Ukraine’s fantastic arts museum in Dnipro, would stay in France on the request of Ukraine.

The standing of a 3rd portray, which a supply recognized to AFP as belonging to a different Russian oligarch, was nonetheless regarded as into consideration by the ministry, the information company mentioned.

Aven, Kantor, the French tradition ministry, and the Foundation Louis Vuitton didn’t instantly reply to Insider’s requests for remark.

The Art Newspaper reported that the work seized by France’s tradition ministry kind a part of the Morozov assortment, which is price $1.5 billion and consists of works by Van Gogh, Matisse, and Picasso.

A authorities official who didn’t want to be named informed the publication: “In spite of everything, and the horrendous news coming from Ukraine, we have a duty to protect cultural exchanges.” 

Both Aven and Kantor are the topic of EU and UK sanctions imposed after Russia invaded Ukraine. The sanctions have led to the seizure of billions of {dollars}’ price of oligarchs’ belongings, together with superyachts, personal jets, and paintings.

On Friday, Reuters reported that Finland impounded $46 million price of artwork sure for Russia, citing sanctions. However, it was later introduced that the majority of those works could be returned.

Some Russian billionaires are engaged in battles to get better artwork they lent for exhibitions in nations internationally. These objects are in a legislative grey space, with Reuters reporting a change by the EU to make cultural objects exempt from sanctions, which got here into impact on April 9.

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