WASHINGTON, March 9. /TASS/. Over the past year, the United States and its allies in the international REPO task force (Russian Elites, Proxies and Oligarchs - a multilateral body of the West engaged in the search and seizure of property associated with Russia under sanctions) have frozen the assets of Russian citizens to the tune of more than $58 billion. This is according to a joint statement by the representatives of the task force, the press service of the US Treasury released on Thursday.
According to the document, over the year since the start of Russia’s special military operation in Ukraine the task force "has leveraged extensive multilateral coordination to exert unprecedented pressure on sanctioned Russians."
"The members of the REPO Task Force have successfully blocked or frozen more than $58 billion worth of sanctioned Russians’ assets, tracked sanctioned Russian assets across the globe, and heavily restricted sanctioned Russians from the international financial system," the statement says.
The document notes that it concerns, in particular the seizure or freezing of luxury real estate, yachts, aircraft, and other property. Representatives of the group specified that during the year they "effected the first forfeiture of assets of a sanctioned Russian, paving the way for the transfer of $5.4 million in funds as foreign assistance to Ukraine."
The REPO's task force includes US Treasury and Justice secretaries, representatives from Australia, the UK, Germany, Italy, Canada, France, Japan, and the European Commission.