Italy has frozen luxury villas,
yachts, cars and liquid assets worth around two billion euros
belonging to Russian and Belarusian individuals subjected to
sanctions following Moscow's invasion of Ukraine, the Director
of the Bank of Italy's Financial Information Unit (UIF) Enzo
Serata said in his annal report on Tuesday.
Serata added that, by the end of June, 170 "financial
relationships" in the name of 80 individuals and worth over 330
million euros had been frozen.
The impounded assets include a 52-metre yacht belonging to
Russian energy and infrastructure oligarch Gennady Timchenko and
the villa near Lucca of businessman and politician Oleg
Savchenko.
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