Is this the death of Courchevel? The uncertain future of the super rich’s favourite ski resort
telegraph.co.ukWith fewer Russians arriving since the war in Ukraine, the upmarket Alpine resort will have to attract less-elite skiers to survive On 25 February 2022, the day after the invasion of Ukraine, the Russian-flagged Baltic Leader was chugging past Le Touquet en route to Saint Petersburg with a full cargo of cars.
Shortly before midnight, three French authority speedboats dramatically surrounded the ship and impounded it, implementing sanctions that had only been introduced 24 hours earlier.
By the genteel standards of international diplomacy, this was a clear indication of France’s muscular intent when it came to seizing Russian assets, which it has done vigorously ever since, far more than any other EU country.
By 5 April, France had seized or frozen almost €24 billion of Russian assets, including yachts, private jets and villas on the Côte d’Azur, in total accounting for more than 60 per cent of all assets seized or frozen in the EU (about €35 billion).Up on the slopes of Courchevel 1850, news of the seizure sent a ripple of horror.
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