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6/29/2022 Russian Elites, Proxies, and Oligarchs Task Force Joint Statement | U.S. Department of the Treasury U.S. DEPARTMENT OF THE TREASURY Russian Elites, Proxies, and Oligarchs Task Force Joint Statement June 29, 2022 The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has leveraged extensive multilateral coordination to block or freeze more than $30 billion worth of sanctioned Russiansʼ assets, freeze or seize sanctioned personsʼ high-value goods, and heavily restrict sanctioned Russiansʼ access to the international financial system. REPO members have achieved these successes through close and extensive national and international coordination and collaboration. In the 100 days since Finance, Justice, Home A airs, and Trade Ministers and European Commissioners committed to prioritizing resources and working together to isolate sanctioned Russians from the international financial system, REPO members have: Blocked or frozen more than $30 billion worth of sanctioned Russiansʼ assets in financial accounts and economic resources. Immobilized about $300 billion worth of Russian Central Bank assets. Seized, frozen, or detained yachts and other vessels owned, held, or controlled by sanctioned Russians, including the Amadea, the Tango, the Amore Vero, the Rahil, and the Phi. Seized or frozen luxury real estate owned, held, or controlled by sanctioned Russians. Restricted Russiaʼs access to the global financial system, making it more di icult for Russia to procure technology necessary to sustain its unjust war in Ukraine. Where appropriate and possible, REPO members are undertaking e orts to update or expand and implement their respective legal frameworks that enable the freezing, seizure, forfeiture and/or disposal of assets, for example within criminal law. These e orts better position members to achieve REPOʼs objectives. REPO is working collaboratively with the private sector to promote e ective sanctions implementation. Financial institutions and other entities required to comply with both sanctions and anti-money laundering /countering the financing of terrorism regulations have helped to identify and immobilize assets subject to sanctions and worked to prevent Russia https://home.treasury.gov/news/press-releases/jy0839 1/2 6/29/2022 Russian Elites, Proxies, and Oligarchs Task Force Joint Statement | U.S. Department of the Treasury from evading sanctions. Where available, REPO members have relied on the use of registries, such as bank account and beneficial ownership registries. In addition, REPO members deeply appreciate the cooperation that countries outside the REPO Task Force have provided. REPOʼs work is not yet complete. In the coming months, REPO members will continue to track Russian sanctioned assets and prevent sanctioned Russians from undermining the measures that REPO members have jointly imposed. Together, we will ensure that our sanctions continue to impose costs on Russia for its unprovoked and continuing aggression in Ukraine and to prevent funds and economic resources from being provided to or for the benefit of designated persons. As we undertake this work, we are seeking to maximize the impact of sanctions on designated persons and entities while guarding against spillover that a ects global commodities markets and food supplies, which Russia has disrupted by choosing and continuing to wage war. As we undertake REPOʼs work, we underscore our shared commitment to our determined and coordinated sanctions response to Russia's war of aggression and to carry on with our e orts in ever closer cooperation, including with the European Commissionʼs Freeze and Seize Task Force. We continue to increase Russiaʼs cost of its war. We remain committed to fully implementing and enforcing our economic and financial sanctions and remain vigilant against sanctions evasion and circumvention. #### https://home.treasury.gov/news/press-releases/jy0839 2/2
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