The US government and its allies have blocked more than $330 billion in Russian assets since the conflict in Ukraine began, the Treasury Department said.
Allied countries have frozen $30 billion in assets belonging to Russian oligarchs close to the government and $300 billion in Russia’s Central Bank, according to a statement released by the task force set up to track Russian capital.
They also seized at least five luxury yachts and froze properties of Russian billionaires with ties to President Vladimir Putin.
“Together, we will ensure that our sanctions continue to cost Russia for its continued and unprovoked aggression against Ukraine,” the task force said in a statement released by the Treasury Department.
The task force was created on March 17, three weeks after the invasion of Ukraine, to increase economic pressure on Moscow.
The group’s members include senior officials from the United States, Australia, France, Canada, Germany, Japan, Italy, the United Kingdom and the European Commission.
Another goal of the task force is to isolate Moscow in the global financial system.
On Sunday, the United Kingdom, Canada, Japan and the United States announced that they intend to veto the purchase of gold by Russia, to prevent the country and its oligarchs from using this metal to avoid sanctions.
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