Washington: The US Treasury Department announced the launch of a multilateral task force which will "collect and share information to take concrete actions, including sanctions, asset freezing, and civil and criminal asset seizure, and criminal prosecution" against Russian Oligarchs and elites.
In a statement, the Department said Treasury Secretary Janet Yellen and Attorney General Merrick B. Garland on Wednesday virtually met with representatives from Australia, Canada, Germany, France, Italy, Japan, the UK, and the European Commission, to launch the Russian Elites, Proxies, and Oligarchs (REPO) multilateral task force. The task force was first announced by on February 26.
"The task force, consisting of Finance Ministry and Justice or Home Ministry in each member jurisdiction, each committed to using their respective authorities in concert with other appropriate ministries to collect and share information to take concrete actions, including sanctions, asset freezing, and civil and criminal asset seizure, and criminal prosecution," said the statement.
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