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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of December, covering the latest developments you need to ...
Flood survivors in Indonesia’s Aceh Tamiang district say they had to live off looted shop goods for days, accusing authorities of a slow aid respons...
Australia has moved to directly pressure the Taliban leadership, imposing financial sanctions and travel bans on four senior officials it says are res...
China has sharpened its call for Japan to quicken the disposal of chemical weapons abandoned during the occupation period, framing the issue as a long...
The U.S. State Department has approved a possible Foreign Military Sale of M1085A2 and M1078A2 Medium Tactical Vehicles (MTVs) and related equipment t...
Nestled in the Dolomites, Cortina d’Ampezzo is racing toward the finishing line ahead of the 2026 Winter Olympic Games. Officials said on Thursday that the Olympic Village is almost ready to receive athletes competing from the 6th of February to the 22nd.
Pope Leo continued his visit to Türkiye in Istanbul on Thursday (27 November), following a round of meetings in Ankara. This marks his first trip outside Italy since being elected in May as the leader of the 1.4-billion-strong Catholic Church.
SSC Napoli secured a 2-0 victory over Qarabağ FK in their UEFA Champions League group stage clash at the Stadio Diego Armando Maradona in Italy.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
The 2026 FIFA World Cup draw at the Kennedy Center in Washington, D.C., has finalized the group stage for the tournament co-hosted by the U.S., Canada, and Mexico, setting the schedule and matchups for next summer’s expanded 48-team event.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Israel was cleared on Thursday to participate in the 2026 Eurovision Song Contest, a decision made by the organisers, the European Broadcasting Union (EBU), which sparked a major controversy.
Pakistan and Afghanistan exchanged heavy fire along their shared border late on Friday, a reminder of how sensitive the frontier remains despite ongoing diplomatic efforts.
Iran’s Foreign Ministry has strongly condemned the Gulf Cooperation Council (GCC) for its support of the claims by United Arab Emirates on three Iranian islands.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of December, covering the latest developments you need to know.
Flood survivors in Indonesia’s Aceh Tamiang district say they had to live off looted shop goods for days, accusing authorities of a slow aid response more than a week after deadly floods and landslides tore through their communities.
Australia has moved to directly pressure the Taliban leadership, imposing financial sanctions and travel bans on four senior officials it says are responsible for the steady erosion of women’s rights in Afghanistan.
The U.S. State Department has approved a possible Foreign Military Sale of M1085A2 and M1078A2 Medium Tactical Vehicles (MTVs) and related equipment to Lebanon, with the total cost estimated at $90.5 million, the Pentagon’s Defence Security Cooperation Agency (DSCA) said Friday.
At least 79 civilians, including 43 children, were reported killed and 38 injured after a drone strike by the Rapid Support Forces (RSF) hit the city of Kalogi in South Kordofan on Thursday, Sudanese authorities said.
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