World

Allies freeze $330 bn of Russian assets since Ukraine invasion: task force

Washington: A sanctions task force of leading Ukraine allies has frozen more than $330 billion in financial resources owned by Russia’s elite and its central bank since Moscow’s invasion, the group announced Wednesday.

The Russian Elites, Proxies, and Oligarchs Task Force (REPO) said in a joint statement that they had blocked $30 billion in assets belonging to Russian oligarchs and officials, and immobilized $300 billion owned by the Russian central bank.

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