Representatives of the Russian business elite withdraw movable property in the jurisdictions of countries where it is difficult to detect, noted in the Ministry of Justice
“Russian oligarchs” are trying to avoid US sanctions imposed due to the military operation in Ukraine, including transferring property to other jurisdictions, said in an interview Reuters Andrew Adams, head of the special working group of the Ministry of Justice.
The group was created in February, its goal is to provide sanctions pressure on the assets of Russian businessmen. It includes prosecutors, investigators and analysts from various US departments, the agency said.
Property of Russian businessmen arrested in Europe. Photo gallery
“There are efforts – some of which have been publicly reported – to move, for example, movable property in the form of yachts, aircraft into jurisdictions where I think people think it will be more difficult to investigate [их принадлежность] and harder to freeze [права владения]’ Adams said. He added that such actions are also carried out by those businessmen who have not yet fallen under US sanctions.
At the same time, he warned that in this case, businessmen would face “an all-time high” level of international cooperation to track the property of the Russian elite. Adams did not specify which jurisdictions are transferring information about the assets of Russian businessmen to the United States, nor did he say which people are being investigated.