United States President Joe Biden announced on March 1 that the U.S. Justice Department will target Russian oligarchs who support Russian President Vladimir Putin amid the Ukraine invasion.
Biden said during his first State of the Union address that the Justice Department is launching a task force targeting Russian oligarchs and their holdings.
The task force will work on freezing and seizing the assets of the oligarchs as part of a coordinated response by U.S. and European allies.
“Tonight, I say to the Russian oligarchs and corrupt leaders who built billions of dollars off this violent regime, no more,” Biden said in remarks.
“We’re joining with European allies to find and seize their yachts, their luxury apartments, their private jets. We’re coming for your ill-begotten gains,” Biden further said.
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