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6:28 PM
Although a stopgap funding bill to prevent a U.S. government shutdown was passed on Sept. 30 without any provisions for aid for Ukraine, President's Office Head Andriy Yermak said on Oct 1 that it should not be construed as a change in U.S. support for Ukraine.
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4:12 PM
Ukrainian drones successfully struck a helicopter base in Sochi and an aircraft factory in Smolensk on Oct. 1, according to reports by Russian Telegram channels and Ukrainska Pravda.
7:27 AM
Russian forces launched another drone attack targeting Ukraine's southern oblasts overnight on Oct. 1. Ukraine's air defense downed at least 15 drones over Odesa and Mykolaiv regions, Natalia Humeniuk, spokesperson of Ukraine's Southern Operational Command, said on air.
6:50 AM
U.S. President Joe Biden signed a law averting a government shutdown that was set for midnight, according to the White House. Biden said that although the bill does not include financial assistance for Ukraine, he expects Speaker Kevin McCarthy "will keep his commitment to the people of Ukraine and secure passage of the support needed to help Ukraine at this critical moment."
5:49 AM
Following a passage of a bill to avoid a government shutdown, top U.S. Senate leaders issued a rare bipartisan statement affirming their commitment to Ukraine. They expect the Senate will work "to ensure the U.S. government continues to provide critical and sustained security and economic support for Ukraine."
4:36 AM
At least four explosions were heard in Kharkiv, city Mayor Ihor Terekhov said via his official Telegram channel in the early hours of Oct. 1. Two explosions were also reported in the city of Snihurivka in Mykolaiv Oblast, according to regional authorities.
5:50 PM
"Odesa is a beautiful historic city. It should be in the headlines for its vibrant culture (and) spirit," Borrell wrote on Twitter. "Instead, it marks the news as a frequent target of Putin's war."
5:15 PM
According to President Volodymyr Zelensky, he and Slovak Defense Minister Martin Sklenar discussed cooperation with Slovakia regarding the Ukrainian military's needs, the situation at the front line, and de-mining.
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Italy has frozen $2.5 billion worth of Russian assets

by Dinara Khalilova July 4, 2023 5:57 PM 1 min read
This audio is created with AI assistance

Italy has frozen about 2 billion euros ($2.5 billion) in Russian oligarchs' assets since the beginning of Russia's full-scale invasion of Ukraine last year, the country's central bank said on July 4, as cited by Reuters.

The assets, seized as part of the European Union sanctions against Moscow, reportedly include bank accounts, luxury villas, yachts, and cars.

According to Reuters, the Bank of Italy's anti-money laundering (UIF) unit said in its annual report that the $2.5 billion figure had been updated as of the end of June.

The media outlet also cited the UIF's head Enzo Serata adding that Italy had frozen financial holdings worth around $360 million linked to 80 individuals under the sanctions regime.

Some of the oligarchs targeted by the measures submitted legal appeals, including the Russian-Uzbek metallurgical and telecommunications magnate Alisher Usmanov, Reuters wrote.

On June 30, Bloomberg reported that European leaders had supported the idea of introducing a tax on windfall profits from frozen assets of the Russian Central Bank to finance Ukraine's restoration.

Tetiana Khutor: Are legal constraints an excuse for dragging feet on mobilizing Russian assets?
No nation can single-handedly cover all of Ukraine’s reconstruction needs, and nor should it be expected to, considering the existence of frozen Russian assets worth billions worldwide. These funds will serve as the primary source for Ukraine’s recovery. To better grasp the situation, it is worth e…
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