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Italy has frozen Russian oligarchs' assets worth $2.5 billion
  + stars: | 2023-07-04 | by ( ) www.reuters.com   time to read: +1 min
ROME, July 4 (Reuters) - Italy has frozen Russian oligarchs' assets valued at around 2 billion euros ($2.5 billion) following the invasion of Ukraine last year, the country's central bank said on Tuesday. Italy seized assets -- including bank accounts, luxury villas, yachts and cars -- as part of the European Union's sanctions against the Kremlin and its backers. UIF Director Enzo Serata added that financial holdings worth around 330 million euros, linked to 80 individuals, had been frozen as part of the sanctions regime. Some of the oligarchs targeted by the measures have filed legal appeals, including Russian-Uzbek metals and telecoms tycoon Alisher Usmanov. In April, an Italian court referred to the EU Court of Justice a decision on whether to maintain a freeze on his assets, worth more than 80 million euros.
Persons: Enzo Serata, Alisher Usmanov, Alvise, Keith Weir Organizations: Kremlin, Bank of Italy's, Thomson Locations: Italy, Ukraine, Como, Sardinia, Tuscany, Russian
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