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

Italy seized €900 million worth of property from sanctioned Russians, Foreign Minister Luigi Di Maio said in an interview with Bild.

“So far, we can talk about a total amount of €900 million. We acted quickly and consistently and will continue to do so,” Di Maio said, noting that Rome strictly adheres to its sanctions obligations. On March 22, the Italian authorities announced a €800 million asset freeze.

The volume of frozen assets of Russians in the Netherlands has grown 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 a €400 million asset freeze.

€55 million belonging to the Russians on the sanctions lists 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 that are controlled by the Russians who fell under the restrictions.