A sanctions task force of leading Ukraine allies has frozen more than $330 billion in financial resources owned by Russia’s elite and the central bank since Moscow’s troops invaded, the group announced Wednesday.
The Russian Elites, Proxies, and Oligarchs Task Force (REPO) said in a joint statement that they had blocked $30 billion in assets of Russian oligarchs and officials, and immobilized $300 billion owned by the Russian central bank.
They have also detained at least five luxury yachts and frozen opulent real estate owned by the country’s billionaires.
“Together, we will ensure that our sanctions continue to impose costs on Russia for its unprovoked and continuing aggression in Ukraine,” the group said in a statement released by the US Treasury. –AFP
