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The United States and its allies have blocked $330 billion of Russian assets since the start of the war

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The U.S. government and its allies have blocked more than $330 billion in Russian assets since the start of the conflict in Ukraine, the Treasury Department said.

Allied countries froze $30 billion in assets held by Russian oligarchs close to the government and $300 billion in the Russian Central Bank, according to a statement released by the task force set up to monitor Russian capital.

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They also confiscated at least five luxury yachts and froze the properties of Russian billionaires linked to President Vladimir Putin.

“Together, we will ensure that our sanctions continue to cost Russia its continued and unwarranted aggression against Ukraine,” the task force said in a statement released by the Treasury Department. Said.

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The task force was formed on March 17, three weeks after the invasion of Ukraine, to increase the economic pressure on Moscow.

Members of the group include senior officials from the United States, Australia, France, Canada, Germany, Japan, Italy, the United Kingdom and the European Commission.

Another goal of the task force is to isolate Moscow from the global financial system.

On Sunday, the United Kingdom, Canada, Japan and the United States announced their intention to veto Russia’s gold purchases to prevent the country and its oligarchs from using the metal to avoid sanctions.

29.06.2022 07:56updated on 29.06.2022 08:31

source: Noticias
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