Treasury blocks $ 1 billion trust owned by Russian oligarch, #Tesourie #blocks # billion #trust #possess #Russian #oligarg Welcome to OLASMEDIA TV NEWSThis is what we have for you today:
WASHINGTON (AP) – The Treasury Department said Thursday it had blocked a $ 1 billion Delaware-based trust linked to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov.
The move comes after the US seized a $ 325 million superyacht – the 348-foot-tall Amadea – linked to Kerimov earlier this month.
The size of the trust and the complexity of the investigation made it a unique case, according to the department.
“The Treasury continues to use the full range of our instruments to those who are trying to evade and evade our sanctions and hide their poorly earned profits,” Treasury Secretary Janet Yellen said in a statement.
“Even as Russian elites hide behind proxies and complex legal arrangements, the Treasury will use our broad enforcement authorities, as well as our partnerships through the REPO task force, to actively implement the multilateral coordinated sanctions imposed on those who fund and benefit Russia’s war. pull out against Ukraine, ”she said.
Earlier this year, the Treasury, the Department of Justice and other agencies agreed to a task force known as REPO – short for Russian Elites, Proxies and Oligarchs – to work with other countries to secure oligarchs and individuals linked to Russian President Vladimir Putin. is, to investigate and prosecute.
The consortium has blocked $ 30 billion worth of property and funds from approved individuals and frozen them in its first 100 days in operation, the Treasury Department reported on Wednesday.
Allied governments have done everything in their power to ban individuals from trading in Russian gold in the US by banning companies from providing accounting, legal and consulting services to anyone located in Russia.
Earlier this week, the Group of Seven Nations agreed on a ban on Russian gold imports in the latest round of sanctions on Putin’s invasion of Ukraine.
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