Billions of dollars in assets have already been seized
© Getty Images / RomoloTavani
The US Departments of Justice and the Treasury announced on Wednesday that Western nations have launched a “multilateral Russian oligarch task force” to target their assets worldwide.
According to the Treasury statement, Australia, Canada, the European Commission, Germany, Italy, France, Japan, the UK, and US have all agreed to increase cooperation as part of their anti-Russia sanctions. They will collect and share information to take concrete actions, such as asset freezing, civil and criminal asset seizure, and criminal prosecution.
Cooperation between the US government and foreign partners has already yielded notable successes, the statement said, pointing out that in the last three weeks alone, “multiple vessels controlled by sanctioned individuals and entities” have been seized. Collectively, those vessels are estimated to be worth hundreds of millions of dollars, the report said.