Russian Elites, Proxies, and Oligarchs Task Force explained

In March 2022 the Russian Elites, Proxies, and Oligarchs Task Force (REPOTF) was set up between the EU, G7 countries, and Australia.^{[1] [2]} The signatories pledged to:

History

On 11 August 2022, the REPOTF announced it had seized $30bn in assets.^[3]

By 24 February 2023, the anniversary date of the 2022 Russian invasion of Ukraine, the REPOTF had "Blocked or frozen more than $58 billion worth of sanctioned Russians’ assets in financial accounts and economic resources."^{[4] [5] [6] [7]}

Notes and References

1. News: Pingen . Anna . EU's "Freeze and Seize" Task Force Tackles Oligarchs' Money . Max Planck Institute for the Study of Crime, Security and Law . 21 June 2022.
2. News: Russian Elites, Proxies, and Oligarchs Task Force – Ministerial Joint Statement . Bundesministerium der Finanzen . 18 March 2022.
3. News: Pingen . Anna . REPO Task Force: More than $30 Billion Russians' Assets Froze . Max Planck Institute for the Study of Crime, Security and Law . 11 August 2022.
4. News: Statement on Russian Elites, Proxies, and Oligarchs Task Force results . Department of Finance Canada . 24 February 2023.
5. News: US and allies freeze over $58 bln of Russian assets over past year — REPO task force . TASS . 9 March 2023.
6. News: Sanctions Weekly Update – Ukraine/Russia Conflict – March 6, 2023 . Mayer Brown . 6 March 2023.
7. News: Hood . Andrew . Tauwhare . Richard . New UK, EU and US sanctions on Russia . fieldfisher . 16 March 2023.