Italy has frozen the property of Russian oligarchs price €2.3 billion since 2022.
Supply: Reuters
Particulars: Since Russia's full-scale invasion of Ukraine in 2022, Italy has frozen property belonging to Russian businessmen price roughly €2.3 billion (approx. US$2.6 billion). The listing of seized property consists of financial institution accounts, yachts, vehicles and luxurious villas.
These actions are a part of the European Union's sanctions in opposition to the Kremlin and its allies. The Financial institution of Italy final up to date its information in June 2023, when the overall worth of frozen property reached US$2.5 billion.
In early June 2025, the Italian tax police sequestered the Iranian firm Irital Delivery Traces and seized two properties price over €1 million for Iran's involvement in supporting Russian aggression in opposition to Ukraine.
The property is being held by the Italian State Property Company. Based on official information, the associated fee incurred to do that had amounted to €31.7 million by February 2024 alone. Based on Reuters’ estimates, the quantity might exceed €45 million by June 2025.
Background:
- The UK and the EU have been stepping up negotiations on learn how to confiscate frozen Russian property with the intention to enhance stress on Russia forward of potential peace talks to finish the warfare in opposition to Ukraine.
- Ukraine plans to confiscate US$300 billion in frozen Russian property held within the accounts of worldwide monetary establishments.
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