US and allies froze more than $58 billion of assets of sanctioned Russians
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The United States and its allies have blocked more than $58 billion of assets of Russian citizens over the past year. About it informed the US Treasury with reference to the statement of the REPO group (Russian Elites, Proxies, and Oligarchs).
REPO task force members successfully blocked or froze more than $58 billion in assets of sanctioned Russians, tracked sanctioned Russian assets around the world, and significantly restricted the access of sanctioned Russians to the international financial system. message.
REPO added that yachts, luxury real estate, etc. were frozen. In particular, the group blocked the assets of the Bank of Russia and the National Welfare Fund (NWF) of Russia, and also conducted investigations and countered sanctions evasion by the Russian Federation.
At the end of June 2022, the task force will also applied through the US Treasury with a statement about the blocking of Russian assets – then REPO called the amount of more than $ 30 billion.
After the start of the military operation in Ukraine, the United States, the European Union and other Western countries introduced a number of blocking restrictions. In addition to the assets of individuals, the work of Russian companies, banks, etc. was limited.
March 8 Chairman of the Board VTB Andrey Kostin, who is under US, EU and UK restrictions, in an interview with the French newspaper Les Echos toldthat the bank suffered “tangible losses” as a result of the sanctions, but the Russian economy as a whole proved to be resilient and was able to overcome the consequences of the actions of the West.
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