RT – March 22, 2022
Italy and the Netherlands have frozen assets worth $1.7 billion belonging to Russian citizens, in line with the bloc’s sanctions against their country, the media reported on Tuesday.
Italy seized assets worth over $882 million (€800 million) belonging to wealthy Russians on the EU blacklists, Prime Minister Mario Draghi said on Tuesday, after Ukrainian President Volodymyr Zelensky addressed the Italian parliament via video link, ANSA news agency has reported.
Earlier this month, the Italian government said it had frozen Russian assets worth around €140 million ($154 million). Among the seized equities were two yachts belonging to billionaires Alexei Mordashov and Gennady Timchenko, and several properties worth €28 million belonging to other individuals. Later, the government also reported a seizure of what is said to be the largest private sailing-assisted motor yacht in the world, a $580-million vessel linked to Russian businessman Andrei Melnichenko.
In a separate development, the Netherlands also announced a freeze of more Russian assets on Tuesday. As of March 21, the Netherlands has frozen nearly €392 million in Russian assets and transactions, Finance Minister Sigrid Kaag wrote in a letter to the Lower House of the Dutch Parliament.
According to the letter published on the website of the Dutch government, the largest part, €242 million, constitutes assets placed with trust offices. Nearly €145 million was frozen in banks and almost €4 million in asset management firms. Nearly €380,000 has been frozen in pensions.
Last week, the Netherlands reported a seizure of €200 million in Russian property. Dutch newspaper the Financieele Dagblad (fd.nl) says its investigation revealed the Netherlands hosts more than €80 billion in Russian assets.
EU sanctions against Russia over its conflict with Ukraine have targeted more than 500 Russian individuals or entities, whose assets and financial resources are subject to seizures as EU countries locate them and trace them to their owners. The EU, together with its allies the US, Canada, Japan, Australia, and the UK, established a task force specifically for that purpose.
Yes, and having taken the Russians money, who will be next?
And the sheeple cheer them on until the day they take every bodies money.
Fiat money became worthless the moment Russia was sanctioned.
‘Tis the dawn of a new day!
I wonder how long this stolen money will keep these countries afloat. The final crash must be near for them to be so openly desperate.
Bereft of genuine ideas to generate revenues and hence broke what else should they do ?
@ Prometheus. I think fiat money showed its worthlessness a little before Russia was sanctioned, back when the Canadian Truckers and their supporters had their bank accounts seized. Its only value now is the decreasing fiat value we give it, hoping it’ll retain a value just long enough to trade what bit we’ve got left for the useful stuff we’ll soon need. And talking of Canada, here’s a Croatian minister taking 2min to call Justin Trudeau’s Canada a dictatorship (subtitled). Trudeau looked a bit stunned having to sit through it.
https://www.bitchute.com/video/okY0KuAQMsk/
What are they trying to say…Putin has got a lot of rich friends?
Most of Russia’s rich probably don’t even like Putin. If they have been conspiring to have him removed from power, Putin should welcome these rich oligarchs being taken down a peg or two.
They should do Putin a real favour and have them all arrested. The Russian state would then be able to run their business interests in Russia and for the people.
Big deal–I side with Russia, not the depraved bankers.
I side with whoever wants to reduce the number of humans on this planet.
You learn something every day!
I never knew there were so many Russians called Olly Gark!
Is that the Russian (??) Money taken from Russian like Berezovsky ? Gusynski ??
Those Russians ???
None of this is what it seems. Consider “property” — what is a building “worth”? Next week it’ll be “worth” something else. It’s all monopoly money. As for “cash”, it ain’t is it? It’s numbers in a computer. I’ve often wondered what stops a bank just saying some account they hold has $50m in it, then transferring it to another bank to make $50m? And as far as I can tell, the gov can print as much “money” as it likes. It’s all b*llocks. The only time it makes any difference is when the rich scum want to screw the little guy — because that guy ends up homeless and then dead.
This can easily be resolved. HIT SQUADS ! Once people doing this start losing their heads and those of their families, it will stop.
“my best friend” –your attitude is how the Scum got started.