Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
These frozen assets—ranging from bank accounts and luxury villas to yachts and high-end cars—are part of the EU’s broader sanctions against Russia and its associates.
The Bank of Italy reported that as of June 2023, the total value of frozen Russian assets had reached €2.17 billion ($2.5 billion). Although no updated figure was provided this month, the central bank said that funds frozen due to sanctions reached nearly €280 million ($320 million) by the end of 2024, reflecting a €44 million ($50 million) increase compared to the previous year.
In a related move, Italy’s tax police seized the Milan-based Iranian company Irital Shipping Lines and two of its properties, valued at more than €1 million ($1.14 million). Authorities cited the company’s alleged military support for Russia’s war in Ukraine as the reason behind the action.
Chinese and US. officials are holding trade talks in Malaysia this week, seeking to stabilise relations between both countries ahead of the highly ant...
Russia’s Foreign Minister Sergei Lavrov has expressed his country’s agreement with Tehran’s plans to host the summit meeting of the Caspian Sea ...
At a ministerial meeting of the Organization of Turkic States in Baku, Azerbaijan’s Economy Minister Mikayil Jabbarov proposed creating a joint Star...
NATO Secretary General Mark Rutte has called for more pressure on Putin to end the Russia Ukrainian war adding that the Russian president was running ...
Twenty-two years ago, the Concorde made its final descent into London, marking the end of an era when air travel reached twice the speed of sound and ...
Thousands of pro-Palestinian demonstrators marched on Tuesday through the northern Italian city of Udine ahead of Italy’s World Cup qualifier against Israel, ending their mostly peaceful rally with clashes involving police.
An explosion at a farmhouse in northern Italy during a police raid killed three Carabinieri officers and injured 12 others, Italy's fire service said on X on Tuesday.
Tens of thousands of Italians took to the streets across the country on Friday, as part of a day-long general strike called by unions in support of an aid flotilla carrying food to Gaza that was intercepted by Israel this week.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Chinese and US. officials are holding trade talks in Malaysia this week, seeking to stabilise relations between both countries ahead of the highly anticipated Trump - Xi meeting in South Korea next week.
NATO Secretary General Mark Rutte has called for more pressure on Putin to end the Russia Ukrainian war adding that the Russian president was running out of money, troops and ideas.
Twenty-two years ago, the Concorde made its final descent into London, marking the end of an era when air travel reached twice the speed of sound and luxury met groundbreaking engineering.
U.S. defence startup Castelion has secured contracts to integrate its Blackbeard hypersonic weapon with Army and Navy systems, marking a step toward global deployment of next-generation strike missiles.
The body of a 56-year-old man has been found buried in mud a year after he was swept away in deadly flash floods in southeastern Spain, authorities said on Thursday.
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