Petr Aven, a Russian billionaire, has agreed to forfeit nearly $1 million to conclude a two-year investigation into sanctions evasion. The investigation focused on £3.7 million ($4.9 million) that was transferred to the U.K. from an Austrian trust shortly before the imposition of EU sanctions. In a separate case, Italian tax police seized assets worth approximately €41 million ($44.4 million) from a Russian businessman under investigation related to Ukraine. Additionally, the UK’s Takeover Panel has imposed its most severe penalty, banning 10 individuals from merger activity after determining they misled shareholders in a previous transaction involving MWB. This sanction follows a probe dating back to 2011, where management concealed their control over MWB and failed to make a required offer for the group.