Biden administration and US allies aim to seize Russian yachts and mansions

Authored by foxbusiness.com and submitted by drayfious
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The Biden administration and U.S. allies announced on Saturday a fresh round of sanctions against Russia that will not only target the banking system, but the physical assets of sanctioned oligarchs — including their yachts and mansions.

The U.S. and its partners said in a joint statement on Saturday that they'll form a transatlantic task force to hunt down and freeze the assets of sanctioned individuals and companies within their jurisdictions.

"We’ll go after their yachts, their luxury apartments, their money and their ability to send their kids to fancy colleges in the West," a senior administration official said about the new crackdown.

The commitment came from the U.S., European Commission, France, Germany, Italy, the United Kingdom and Canada as part of their larger announcement to expel certain Russian banks from the SWIFT financial system and to sanction the Russian Central Bank.

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The escalating economic penalties were levied because of Russia's ongoing invasion of Ukraine.

"We're disarming fortress Russia by taking this action," the official added.

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The group will also target the sale of so-called "golden passports" that let wealthy Russians connected to the Russian government become citizens and gain access to western financial systems.

texassadist on February 27th, 2022 at 05:24 UTC »

If anyone cares I’m in the Maldives backpacking. I’ve seen the Ocean Victory multiple times which is owned by Viktor Rashnikov. Guess he’s chilling down here while the children of his country are being sent to slaughter.

Let me clarify… this is a mega yacht. Not a boat. Top 10 biggest in the world at the time of launch.)

And as much as I love the Maldives I don’t think a jail cell would have the same enjoyment.

RemarkableWinner6687 on February 27th, 2022 at 04:58 UTC »

"We’ll go after their yachts, their luxury apartments, their money and their ability to send their kids to fancy colleges in the West," a senior administration official said about the new crackdown.

Putin has accidentally dealt a savage blow to corruption in Russia.

jtllove on February 27th, 2022 at 04:55 UTC »

Seize everything the oligarch's own!