The total worth of Russian sovereign assets that the West has frozen is estimated at $280 billion by the REPO (Russian Elites, Proxies and Oligarchs) task force, which was established to search and freeze Russia-related assets.
“The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said in a statement about a REPO meeting.
According to the document, the task force has completed its “initial effort to map and account for Russian sovereign assets that are immobilized and held in REPO member jurisdictions.”
“REPO members committed to taking steps to fully map these holdings and ensure that <…> Russia’s sovereign assets held in REPO member jurisdictions will remain immobilized until Russia pays for the damage it has caused to Ukraine,” the statement says.
The meeting’s participants also talked about “ongoing efforts to counter sanctions evasion and disrupt Russian efforts to acquire critical dual-use technologies.”
The international West organization known as REPO is in charge of locating and seizing Russia-related property in compliance with sanctions. The committee includes representatives from Australia, the UK, Germany, and the US departments of justice and treasury. Europe Commission, France, Canada, Italy, and Japan.
