Italy has seized assets worth around €2 billion from Russian oligarchs under sanctions imposed following Russia’s 2022 invasion of Ukraine, the country’s financial police (Guardia di Finanza) said on Tuesday.
In a report marking the force’s 252nd anniversary, the Guardia di Finanza said the confiscated assets include real estate, luxury vehicles, yachts, artworks and shareholdings in companies.
The report also highlighted the force’s broader enforcement activities between January 2025 and May 2026. During the 17-month period, investigators uncovered fraud involving more than €1.6 billion in Italian and European Union funding.
Authorities also seized assets worth €4.7 billion believed to be linked to tax evasion and tax fraud.
According to the report, the Guardia di Finanza identified 8,297 total tax evaders—individuals who failed to declare any of their income—and uncovered 47,419 cases of undeclared or otherwise illegal employment.
The force added that 20,429 people were reported to prosecutors for alleged tax-related offences during the same period.
Read full report of GdF HERE
Morning Briefing
PM says economic success must not be taken for grantedPrime Minister Robert Abela has warned that Malta’s economic success cannot be taken for granted, stressing that...
Italy placed 16 of its 27 largest cities on red alert on Wednesday as an intense heatwave continued to grip the country and much of Western Europe, while French authorities grappled with...
Morning Briefing
PM says economic success must not be taken for grantedPrime Minister Robert Abela has warned that Malta’s economic success cannot be taken for granted, stressing that...
Updated 1130
Foreign Demand Fuels Strong Growth in Gozo Tourism Sector Despite Rising Costs: Gozo’s tourism sector enjoyed a strong 2025, with 56% of operators reporting improved busi...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.
T...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions ...
The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and...
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Te...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
President Volodymyr Zelenskiy said that Ukraine had submitted a revised application to join the Organisation for Economic Co-operation and Development (OECD), a club of mostly advanced...
Moscow has come under the largest Ukrainian attack since the start of the full-scale war, with close to 200 drones hitting targets around the Russian capital and setting columns of thick...
