Italy, the Netherlands and Latvia have reported freezing the assets of Russians

Italy, the Netherlands and Latvia reported freezing the assets of Russians for almost €1.5 billion European countries continue to freeze the assets of Russian businessmen and seize their property after the imposition of sanctions. In Italy, the amount of seized property reached €900 million , the Netherlands and Latvia reported freezing the assets of Russians” />

Italy seized property from the Russians who fell under the sanctions in the amount of €900 million, Foreign Minister Luigi Di Maio said in an interview with Bild.

“Until now, we can talk about a total amount of & nbsp; 900 million. We acted quickly and consistently and will continue to do so in the future,— Di Maio said, noting that Rome is strictly adhering to its sanctions commitments. On March 22, the Italian authorities announced a freezing of assets worth €800 million.

The volume of frozen assets of Russians in the Netherlands rose to €516 million, according to a letter from the Dutch ministers. Freeze reports have been received from banks, insurance companies, fund managers and other financial institutions. On March 22, the Dutch authorities announced an asset freeze for €400 million

€55 million belonging to the Russians on the sanctions list has been frozen in Latvian banks, LETA reports, citing data from the Financial and Capital Markets Commission. As of March 18, this amount was €17.5 million. As the commission explained, we are talking about the funds of three individuals directly affected by the sanctions, and 32 legal entities controlled by the Russians who fell under the restrictions.

Since the end of February, the EU has included in the sanctions list, which implies the freezing of assets in Europe, about 20 major Russian businessmen. By March 27, the list suggesting an asset freeze in Europe included 877 individuals and 62 organizations that Brussels considers involved in “undermining the territorial integrity and sovereignty of Ukraine.”

European countries began to regularly report asset freezes Russians and the arrest of their property, including yachts. The Italian newspaper La Reppublica wrote that the Italian authorities confiscated two yachts belonging to the head of Severstal; Alexei Mordashov and businessman Gennady Timchenko. The UK announced the detention of the superyacht Phi, which, according to the Financial Times, belongs to the founder of the telecom operator in the Urals Federal District “Motive” Vitaly Kochetkov. Forbes wrote that the yacht of Russian businessman Alisher Usmanov, the founder of USM Holdings, was confiscated in Hamburg.

Press Secretary of the President of Russia Dmitry Peskov said that Russian entrepreneurs whose property was confiscated due to sanctions, robbed “like in the Wild West”.

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