Italian Financial Guard seizes assets worth two billion euros from Russian oligarchs
The Italian Financial Guard has seized assets worth approximately two billion euros belonging to Russian oligarchs, as part of sanctions imposed following the 2022 invasion of Ukraine.
Italian Financial Guard seizes assets worth two billion euros from Russian oligarchs
The Italian Financial Guard (GDF) has announced that it has seized assets worth approximately two billion euros belonging to Russian oligarchs. The operation is part of the implementation of sanctions introduced following the military invasion of Ukraine launched by Moscow in 2022.
According to a statement from the financial police, the seized assets include real estate, vehicles, yachts, works of art and shareholdings. The GDF announced the news on Tuesday, on the occasion of the 252nd anniversary of its foundation.
In the period between January 2025 and May 2026, the Financial Guard also identified cases of fraud linked to Italian and EU funds totalling more than 1.6 billion euros. Over the same time period, assets worth 4.7 billion euros were seized, believed to be the proceeds of tax evasion and tax concealment.
Over the course of 17 months, almost 8,300 individuals were identified who had evaded taxes on all their income. More than 47,400 people were also found to be employed irregularly or illegally. During the same period, more than 20,400 individuals accused of tax crimes were reported to the public prosecutor.
Source: LRT
Source: Google News LT — Crime (lt)