WSJ: US intensifies search for “secret” assets of Russian businessmen
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U.S. prosecutors have sent out numerous subpoenas in recent months, stepping up efforts to uncover “hidden” properties and assets of Russian businessmen in the country. In the future, they may be confiscated. This is reported by the Wall Street Journal, citing sources familiar with the situation.
It is noted that the actions of prosecutors are aimed at business, banking and trust documents, which will provide an opportunity for the US authorities to “break through the layers of complex structures that are designed to hide the assets of Russian oligarchs.”
“Seizure transfers ownership of the assets to the government, while freezing them only blocks their use by the owner,” sources say.
In addition, the Biden administration is reportedly facing a lot of legal challenges. Problems are observed both with the search for assets and with the process of their withdrawal.
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