Italy has seized assets worth around two billion euros from Russian oligarchs as part of sanctions imposed following Moscow’s 2022 invasion of Ukraine, the Italian finance police (GDF) said in a report released on the force’s 252nd anniversary on Tuesday.

It said the confiscated assets include properties, cars, yachts, artworks and stakes in companies.

The GDF said that it uncovered fraud of Italian and EU funding amounting to over 1.6 billion euros in the period between January 2025 and May 2026.

It said that, in the same period, it seized assets worth 4.7 billion euros suspected of being the fruit of tax evasion or tax fraud.

It said it found 8,297 total tax evaders, people who dodge paying taxes on all of their income, in the 17-month period and identified 47,419 people hired off the books or employed illegally in other ways.

The force said it reported 20,429 people to prosecutors for tax crimes in the period in question.