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.
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Italian authorities have arrested nine people on suspicion of financing Hamas through Italy based charities, prosecutors said on Saturday, in an operation coordinated by anti mafia and anti terrorism units.
Italy’s competition authority has imposed a $115 million (€98.6 million) fine on Apple, accusing the tech giant of exploiting its dominant position in the mobile app market.
UNESCO has unveiled the latest additions to its Intangible Cultural Heritage of Humanity list, celebrating a rich array of global traditions that reflect the importance of cuisine, festivals, and local customs.
Ukrainian President Volodymyr Zelenskyy says his country and European partners will soon be ready to present the United States with refined documents outlining a potential peace plan following days of high-stakes diplomacy.
A 7.0 magnitude earthquake struck offshore near Taiwan’s north-eastern county of Yilan late on Saturday, shaking buildings across the island, including in the capital Taipei, authorities said.
Brigitte Bardot, the French actress whose barefoot mambo in And God Created Woman propelled her to international fame and reshaped female sexuality on screen, has died at the age of 91, her foundation said on Sunday.
Roman Abramovich, the Russian billionaire and former Chelsea Football Club owner, has assembled a “top tier” legal team, including a former White House advisor, as he prepares for a legal battle in Jersey.
Venezuelan President Nicolás Maduro on Sunday praised the country’s armed forces as “invincible warriors” during a year-end ceremony honouring the Bolivarian National Armed Forces, held in the coastal city of La Guaira.
Iran successfully launched three satellites on Sunday using a Russian Soyuz rocket from Russia’s Far East, marking the latest stage in growing Iran-Russia space cooperation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 30th of December, covering the latest developments you need to know.
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Russia accused Ukraine of trying to attack President Vladimir Putin’s residence on Monday, an allegation dismissed by President Volodymyr Zelenskyy as a “complete fabrication” amidst sensitive peace negotiations.
Syria has introduced new banknotes, eliminating zeros and portraits in a move to strengthen national identity and restore confidence in the economy.
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