Italy has frozen the possession of the Russian oligarchs for $ 2.6 billion

Italy was frozen by Russian oligaries worth 2.3 billion euros (2.64 billion dollars) after a full invasion of the Russian Federation in Ukraine in 2022. It has been proven by data provided by Italy authorities, Reuters writes on Monday, June 23.

Italy has arrested properties, including bank, villa, yacht and car accounts. By the end of June 2023, the cost of blocked Russian properties was 2.5 billion dollars.

This month, the bank is no longer updating the total amount, but it is said that nearly 280 million euros of Russian ownership frozen in December 2024 -44 million euros more than last year.

In early June, the tax police also arrested the ownership of the Iranian irritation company shipping lines, based in Milan, with a total amount of more than 1 million euros due to the support of the Russian war against Ukraine.

The Italian state owner agency holds all of the assets frozen due to penalties in the EU, and the country’s government has the costs of managing these possessions during freezing. Thus, in February 2024, state costs for maintenance reached 31.7 million euros.

EU countries can confiscate the frozen possessions of Russia or return them to the owners, provided they will pay Italy for their maintenance costs.

Keep in mind that the European Union is developing a plan for transferring nearly 200 billion euros of Russia’s frozen properties to a new investment fund with a higher level of risk. It is possible to make a huge profit and direct it to support Ukraine.

In Liechtenstein, Russia’s owners are frozen due to penalties in the US – Media