In response to the invasion of Ukraine, nations around the world continue to target Russia’s oligarchs, the class of wealthy elites who comprise some of President Vladimir Putin’s closest allies.
The European Union and the United States have targeted specific Russians and their families in an attempt to punish those who have profited from Putin’s regime. Russia launched its invasion on Feb. 24, sparking what the United Nations is calling theThe hope is that targeted sanctions against the nation’s elite will help force an end to the conflict. There is some evidence that the tactics are working: Although careful not to directly refute the Kremlin,Here’s a breakdown of what the U.S.
The Justice Department said that even if those found to be violating the sanctions can’t be detained, the U.S. government will look to seize their assets. The task force will focus on violations of current and future sanctions, any attempts to undermine restrictions on Russian banks and those using cryptocurrency to evade sanctions.
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