Skip to content
Subscriber Only

U.S., Allies Vow to Go After Russian Elite’s Symbols of Wealth

  • Task force created amid curbs on SWIFT access, central bank
  • Yachts, homes and ‘golden passports’ among the targets
Bloomberg business news
Zelenskiy: We Won't Give Up Any Arms. Glory to Ukraine!

Western nations put Russia’s elite on notice that the symbols of their wealth may eventually be taken away. 

Financial penalties on Russia agreed by the U.S., Canada and key European nations on Saturday include a task force to begin “identifying and freezing assets” of sanctioned oligarchs, government officials and companies. That includes yachts, jets, cars and luxury apartments in the West that belong to Russian billionaires, according to a U.S. official who spoke on condition of anonymity to describe the measure.