Italy freezes 2.8 trillion won in assets of Russian conglomerates after invasion of Ukraine

It was calculated that the assets of Russian oligarchs (emerging conglomerates), which Italy had frozen since Russia’s invasion of Ukraine last year메이저사이트, amounted to 2 billion euros (approximately 2.82 trillion won). . According to local media outlets such as the Ansa

news agency on the 4th (local time), Enzo Serrata, director of the Italian Central Bank’s Department of Financial Information ( UIF ), said in an annual report released on the same day. Italy took part in sanctions against Russia adopted by the European Union ( EU ) after Russia invaded Ukraine in February last year, seizing assets such as bank accounts, luxury homes, yachts and cars of emerging Russian conglomerates. Serata said that by the end of last month, it had frozen financial assets worth about 330 million euros (about 466.6 billion won) related to 80 Russian individuals. The seized assets included a 52-metre yacht owned by Gennady Timchenko, an energy tycoon famous for being a supporter of Russian President Vladimir Putin, and a 17th-century house in Tuscany owned by Russian politician and businessman Oleg Savchenko. Even before the war broke out, Russian upstarts were keen on buying up Italian seaside and port real estate. Regions such as Lake Como, Sardinia, Tuscany, and Liguria were very popular with them.

Some emerging conglomerates, including Russian steel tycoon Alisher Usmanov, have filed legal action against the asset freeze. In April, an Italian court referred the case to the European Court of Justice ( ECJ ) , the highest court of the European Union ( EU

), asking for a decision on whether to keep Usmanov’s assets worth more than 80 million euros (about 113.1 billion won) frozen. 

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