The Deputies of the multilateral Russian Elites, Proxies, and Oligarchs (REPO) Task Force noted in a joint statement on March 9, 2023, that they blocked or froze $58 billion worth of Russian assets that were restricted in connection with sanctions against Russia’s aggression in Ukraine.
Source: The Deputies of the multilateral Russian Elites, Proxies, and Oligarchs (REPO) Task Force
“One year into Russia’s unprovoked and illegal war of aggression against Ukraine, the Russian Elites, Proxies, and Oligarchs (REPO) 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,” informed the REPO Task Force.
It is noted that work has been done to trace Russian assets around the world and the access of Russians under sanctions to the international financial system has been severely restricted. In addition, the assets of the Central Bank of the Russian Federation have been securely blocked, and luxury real estate and the wealth of Russian oligarchs have been seized.
“REPO members have 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,” added the Deputies of the multilateral Russian Elites, Proxies, and Oligarchs (REPO).
Uaposition memo: The REPO Task Force was created on March 17, 2022. In addition to the money in the accounts, the group froze several yachts of Russian billionaires, their houses and artwork belonging to them.
See also: Belgium has frozen €58B in Russian assets