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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Thousands of people marched in Messina, Sicily, on Saturday (9 August) protesting against a government plan to build the world’s longest suspension bridge connecting the Italian mainland to Sicily.
Italy’s government gave final approval on Wednesday for the construction of a long-planned suspension bridge linking Sicily to the mainland, a project touted as the world’s longest single-span bridge despite decades of environmental, financial and logistical concerns.
Leaders of Türkiye, Italy and Libya met in Istanbul on Friday, pledging deeper cooperation on energy, migration and regional stability.
Three workers died on Friday after falling from a freight elevator at a construction site in the Vomero neighbourhood of Naples, Italian media reported.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
'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.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
U.S. President Donald Trump said on Monday he expected Russian President Vladimir Putin to release more than 1,000 Ukrainian prisoners soon, after a trilateral meeting was set up with Ukrainian leader Volodymyr Zelenskyy.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
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