The DOJ and Department of the Treasury joined a multinational force to coordinate economic countermeasures against Russia in response to its invasion of Ukraine. The transatlantic task force was first announced by the White House on February 26, 2022.
The Russian Elites, Proxies, and Oligarchs ("REPO") Task Force includes representatives from Australia, Canada, Germany, France, Italy, Japan, the United Kingdom, the United States, and the European Commission. REPO is intended to coordinate efforts of the various countries to (i) enforce Russia-related sanctions, (ii) locate, freeze, and seize sanctioned assets and determine if seized items are subject to forfeiture, and (iii) prosecute individuals who facilitate the transfer of sanctioned assets.
Treasury also launched the Kleptocracy Asset Recovery Rewards Program, which provides reward payments for tips resulting in the "seizure, restraint, or forfeiture of assets linked to foreign government corruption, including the Government of the Russian Federation."
These agency efforts follow on the heals of the DOJ's recently launched Task Force KleptoCapture. As previously covered, Task Force KleptoCapture is an interagency team dedicated to enforcing Russia-related sanctions, export restrictions and economic countermeasures.
The DOJ launched an interagency force dedicated to enforcing the sanctions, export restrictions, and economic countermeasures imposed as a response to Russia’s invasion of Ukraine.
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