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.
The Kremlin claims Ukraine and Western nations are rejecting all proposals for dialogue to resolve the war, as Russia and Ukraine held peace talks in ...
The White House allegedly ordered a halt to Pentagon lie detector tests after claims they targeted top officials....
Three drones flew over Japan’s Genkai nuclear plant on Saturday, prompting an investigation by the country’s nuclear watchdog. No irregularities o...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27th of July, covering the latest developments you need to kno...
Cambodia and Thailand accused each other of cross-border attacks on Sunday, hours after U.S. President Donald Trump said their leaders agreed to pursu...
Three workers died on Friday after falling from a freight elevator at a construction site in the Vomero neighbourhood of Naples, Italian media reported.
Italy and Algeria agreed on Wednesday to cooperate on fighting terrorism and managing migration flows during an intergovernmental meeting in Rome, while companies signed new deals in energy and telecommunications.
Italy will add up to 15,000 new prison places and divert inmates with addiction issues to treatment centres, as the government confronts a severe overcrowding crisis and record suicide rates behind bars.
The Italian Justice Ministry has announced that the country may release around 10,000 people from prison to ease overcrowding.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The Kremlin claims Ukraine and Western nations are rejecting all proposals for dialogue to resolve the war, as Russia and Ukraine held peace talks in Türkiye.
The White House allegedly ordered a halt to Pentagon lie detector tests after claims they targeted top officials.
Three drones flew over Japan’s Genkai nuclear plant on Saturday, prompting an investigation by the country’s nuclear watchdog. No irregularities or threats were found, authorities said.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27th of July, covering the latest developments you need to know.
Cambodia and Thailand accused each other of cross-border attacks on Sunday, hours after U.S. President Donald Trump said their leaders agreed to pursue a ceasefire.
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