Russian Economy Collapse 2023: US Cracks Down On Russian Oligarchs—Freezes $1 Billion In Assets

Russian Economy Collapse 2023: US Froze Over $1 Billion Of Russian Assets Worldwide

US Seizes Russian Luxury
US Seizes Russian Luxury Assets That Could Affect The Russian Economy Collapse 2023 (Photo: The Los Angeles Times)

In a decisive move by the US (which could affect the Russian Economy Collapse 2023) amid Russia’s ongoing conflict with Ukraine; the United States is “ramping up” its pursuit of Russian oligarchs. Relating to US strategic action against Russia (which could affect the Russian Economy Collapse 2023) the US froze over $1 billion of Russian assets worldwide. Deputy Attorney General Lisa Monaco disclosed that these actions by the US (which could affect the Russian Economy Collapse 2023) span the glob. Furthermore, the Crackdown initiated by the US (which could affect the Russian Economy Collapse 2023) extends from grounding planes in Switzerland and the Middle East—to “apprehending smugglers” in Italy; Germany, and Latvia.

REFERENCE: THE UKRAINSKA PRAVDA

The US (as part of its action which could affect the Russian Economy Collapse 2023) is also targeting money launderers in the UK. This sweeping effort by the US which could affect the Russian Economy Collapse 2023 (led by the KleptoCapture Task Force formed in 2022) highlights the importance of “international collaboration.” Further, this (US sweeping efforts that could affect the Russian Economy Collapse 2023) sends a stern warning to those who facilitate sanctions evasion.

US Seizes Russian Luxury Assets That Could Affect The Russian Economy Collapse 2023

The US Department of Justice’s reach extends to seizing Russian luxury assets that could affect the Russian Economy Collapse 2023.

REFERENCE: THE UKRINFORM

Here are the luxury assets that the US confiscated that could affect the Russian Economy Collapse 2023:

  • $300 million superyacht owned by oligarch Suleyman Kerimov in Fiji; and
  • $90 million yacht off the coast of Spain “linked” to oligarch Viktor Vekselberg

Notably, the US is eyeing a: $60 million Gulfstream jet and a $350 million Boeing aircraft tied to Russian billionaire Roman Abramovich.

RELATED: Main Characteristics Of Russian Foreign Policy — Deciphering the Nuances

These measures by the US (which could affect the Russian Economy Collapse 2023) can “possibly dent” the wealth of Russia’s elite. Moreover, the question of whether the US actions will precipitate a “full-scale” Russian Economy Collapse 2023—remains complex. Conclusively, the “crackdown” by the US against Russia hinges on factors like: the extent and duration of sanctions; Russia’s ability to adapt; and the broader global economic landscape.

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