Iran Says it Had Warned Iraq Many Times About Threats

Interior view of a house that was damaged during missile attacks in Erbil, Iraq March 13, 2022. REUTERS/Azad Lashkari
Interior view of a house that was damaged during missile attacks in Erbil, Iraq March 13, 2022. REUTERS/Azad Lashkari
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Iran Says it Had Warned Iraq Many Times About Threats

Interior view of a house that was damaged during missile attacks in Erbil, Iraq March 13, 2022. REUTERS/Azad Lashkari
Interior view of a house that was damaged during missile attacks in Erbil, Iraq March 13, 2022. REUTERS/Azad Lashkari

Tehran had warned Iraqi authorities many times that its territory should not be used by third parties to conduct attacks against Iran, Foreign Ministry Spokesperson Saeed Khatibzadeh said on Monday.

He was speaking one day after Iran attacked Iraq's northern city of Erbil with a dozen ballistic missiles in an unprecedented assault on the capital of the autonomous Iraqi Kurdish region that appeared to target the United States and its allies.

Iran's Revolutionary Guards claimed responsibility for the missile assault.

Iranian state media said the Revolutionary Guards Corps had launched the attack against Israeli "strategic centers" in Erbil, suggesting it was revenge for recent Israeli air strikes that killed Iranian military personnel in Syria.

The Iraqi Kurdish regional government said the attack only targeted civilian residential areas, not sites belonging to foreign countries, and called on the international community to carry out an investigation.

Sunday's attack came as talks to revive the 2015 Iran nuclear deal face the prospect of collapse after a last-minute Russian demand forced world powers to pause negotiations for an undetermined time despite having a largely completed text.



Italy Has Frozen Russian Oligarchs' Assets Worth over $2.6 Billion

Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
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Italy Has Frozen Russian Oligarchs' Assets Worth over $2.6 Billion

Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA

Italy has frozen Russian oligarchs' assets valued at around 2.3 billion euros ($2.64 billion) since the invasion of Ukraine in 2022, data provided by Italian authorities show, with the most recent seizures occurring at the beginning of the month.

Italy seized assets - including bank accounts, luxury villas, yachts and cars - as part of the European Union's sanctions against the Kremlin and its backers.

The Bank of Italy had said that at the end of June 2023 their value amounted to 2.5 billion dollars, said Reuters.

This month it did not update the total amount, but said that the funds frozen due to sanctions against Russia totaled almost 280 million euros up to December 2024 — a 44 million euro increase from the previous year.

Separately, the tax police seized in early June an Iranian company based in Milan, Irital Shipping Lines, and two of its properties worth a total of more than 1 million euros, due to "Iran's military support for Russia's war of aggression against Ukraine".

The company has not yet responded to a request for comment emailed by Reuters.

MAINTENANCE COSTS

Italy's State Property Agency holds all non-liquid assets frozen due to EU sanctions and the Italian government bears the costs of managing these assets during the freezing period.

According to the latest official data available, the costs incurred by the State for their maintenance amounted to 31.7 million euros up to February 2024.

When asked about the level of maintenance cost incurred by Italian taxpayers so far, the agency said it could not provide the information because it "is covered by official secrecy." Reuters calculation suggests that costs may have increased by around 15 million euros to more than 45 million euros to date.

The fate of these assets rests with the European Union.

If the EU decides to make the freezes permanent, the state must initiate proceedings to convert them into confiscations.

If Brussels decides to unfreeze them, the assets can be returned to their owners, provided that they pay Italy the maintenance costs incurred.