$30B from Russian oligarchs frozen under REPO seizure effort
Source: AP
By FATIMA HUSSEIN
WASHINGTON (AP) — A multinational task force designed to seize Russian oligarchs’ wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days in operation, the Treasury Department reported Wednesday.
That’s on top of the yachts, other vessels and luxury real estate that have been impounded as well as $300 billion in Russian Central Bank funds that have been immobilized, the department said.
“We continue to increase Russia’s cost of its war,” Treasury said of the REPO task force, short for Russian Elites, Proxies and Oligarchs.
The program is designed to drain Russia of its resources as President Vladimir Putin continues his invasion of Ukraine, but civil rights advocates have raised concerns about potential overreach.
FILE - People look on from the super yacht Amadea as it arrives to the San Diego Bay Monday, June 27, 2022, seen from Coronado, Calif. The $325 million superyacht seized by the United States from a sanctioned Russian oligarch arrived in San Diego Bay on Monday. A multinational task force designed to seize Russian oligarchs' wealth has blocked and frozen $30 billion in sanctioned individuals' property and funds in its first 100 days. (AP Photo/Gregory Bull, File)
Read more: https://apnews.com/article/russia-ukraine-government-and-politics-d67e109941461f0b8df53832582b9ca9
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Not that the U.S. would ever do anything evil like Russia. 
