U.S., Allies Vow to Go After Russian Elite’s Symbols of Wealth
The U.S. and its partners said the task force would ensure that already-announced sanctions on Russian elites were applied to their possessions under Western jurisdictions, and would communicate with other countries to “detect and disrupt the movement of ill-gotten gains, and to deny these individuals the ability to hide their assets in jurisdictions across the world.” They also left the door open to impose financial punishments on more Kremlin-linked oligarchs. Even as the U.S., the U.K. and other nations sanctioned more than 100 Russian individuals and entities, assets of the elite mostly remained untouched. For example, a jet belonging to billionaire steel magnate Alexey Mordashov flew from the Seychelles area to Moscow last week. Earlier: Roman Abramovich Cedes Chelsea Role to Charitable Foundation But there are signs that Russian oligarchs are beginning to feel the pressure related to their prized possessions. Roman Abramovich, chairman of Chelsea FC, ceded control of the Premier League soccer club and reigning Champions League champion to the trustees of its charitable foundation. NN: I never saw sanctions stop a army or for that matter a war. Cutting off a enemies supply lines and funds is as old as war fare. In essence Europe and the US is cutting off the Russians master card. REALLY! wars are fought with troops and weapons. Have sanction stopped Kim you Num Chucks in N.Korea? Or Maduro in Venezuela? Drug lords in Mexico and Columbia? How about the Taliban who now control Afghanistan. Or Iran??? Russia has been under sanctions since they tool the Crimea. It has not stopped them from coming back and taking another big bite out of the Ukraine apple. The best part of the “sanctions” against Russia is their greatest source of revenue is their oil and gas exports to the very people putting in sanctions. So what have you really done? America buys oil from Russia since Biden shut down US oil, Europe buys oil and gas from Russia (they shut down their oil industry to) over half its energy needs/ So how exactly are the sanctions going to work since Europe and the US still want to buy and pay for oil from Russia. REALLY! Do they really think we are that stupid and we buy into this banker bullshit sanctions….. REALLY!! Its because liberal lefties do not have the balls for a fight and Putin damn well knows it. Bullet and bombs stop armies not promissory notes getting cancelled….. Their must be clowns.Worst case i may have to get my caviar from Romania … But black sea sturgeon have no passports.