After 100 days of work, the ‘REPO’ Task Force—which brings together the justice, finance, and trade ministers from G7 countries and Australia as well as the relevant European commissioners—has facilitated the seizure of $30 billion in assets owned by Russians who are being sanctioned by the West in response to the invasion of Ukraine at the end of February (see EUROPE B12914A5).
In particular, yachts owned or controlled by sanctioned Russian oligarchs, including the Amadea, the...