An international group to freeze the assets of Russian sanctions has frozen more than $58 billion in assets.
The US and its allies have already frozen or confiscated more than $58 billion in assets owned or controlled by Russian proxies. This was announced by the international group on sanctions, created by the US and EU countries (REPO).
In particular, finances were frozen and luxury items such as yachts, luxury real estate and valuable art were confiscated, CNN notes.
REPO tracks Russian assets that are under sanctions around the world. It was noted that the access of Russians authorized to the international financial system is significantly limited.
Members of the group carried out work to investigate and counter evasion of sanctions imposed against the Russian Federation, including attempts to hide assets, illegal cryptocurrency and money laundering schemes, illegal purchases of Russian defense, and the use of Russian financial intermediaries under sanctions.
REPO said it would redouble its efforts to hold Russia accountable for the unleashed war in Ukraine by countering Russia’s attempts to weaken or evade collective sanctions.
Earlier it was reported that the European Union has frozen Russian assets in the amount of 21.5 billion euros. Russians who fall under sanctions are obliged to report their assets to the EU.
Ukraine received UAH 17 billion of confiscated assets of the Russian Federation for restoration
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.