REPO Task Force blocks over $30B of sanctioned Russians’ assets

The relevant statement was made by the U.S. Department of the Treasury, an Ukrinform correspondent reports.

“Blocked or frozen more than $30 billion worth of sanctioned Russians’ assets in financial accounts and economic resources,” the report states.

This sum does not include the value of yachts and luxury real estate owned by Russian oligarchs.

“REPO’s work is not yet complete. In the coming months, REPO members will continue to track Russian sanctioned assets and prevent sanctioned Russians from undermining the measures that REPO members have jointly imposed. Together, we will ensure that our sanctions continue to impose costs on Russia for its unprovoked and continuing aggression in Ukraine and to prevent funds and economic resources from being provided to or for the benefit of designated persons,” the REPO Task Force noted.

A reminder that, in March 2022, U.S. Secretary of the Treasury Janet Yellen and U.S. Attorney General Merrick Garland held an online meeting with the representatives of Australia, Canada, Germany, France, Italy, Japan, the United Kingdom and the European Commission to set up the Russian Elites, Proxies, and Oligarchs (REPO) Task Force.