US task force to target Russian oligarchs — Analysis

President Joe Biden has threatened to seize the assets of ‘corrupt leaders’ in line with European nations

A task force is being formed by the United States Department of Justice. “go after the crimes of Russian oligarchs,”They will be investigated in light of conflict in Ukraine. President Joe Biden made Tuesday’s announcement.

Biden warned America that it will be a target during the first State of the Union speech. “Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime,”Received a standing ovation both from Democrats and Republicans

Discussing oligarchs, in line with America’s European allies, Biden stated that the US will begin to “find and seize their yachts, their luxury apartments, your private jets,”In pursuit of them “ill-begotten gains.”

Biden has yet to provide further details regarding the DOJ task team, while a spokesperson from the department also declined to comment.

The announcement of the task force came alongside Biden’s statement that the US is closing American airspace to all Russian flights in a bid to isolate the country and add “an additional squeeze on their economy.”

Biden warns Putin ‘must pay a price’

Biden stated that in a seemingly sarcastic comment directed against Vladimir Putin the Russian president, “he has no idea what’s coming,”Cite how “the ruble has lost 30% of its value”And the “Russian stock market has lost 40% of its value.”

Biden’s position comes after America joined with NATO allies, the UK the EU in imposing targeted sanctions on Russian individuals and entities, condemning the invasion of Ukraine.

Putin and Russia’s Permanent Representative to the United Nations Vasily Nebenzya have defended the military incursion in Ukraine, claiming that Moscow is seeking to “demilitarize” and “denazify” the country’s government.

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