£25bn from Russian oligarchs frozen in multinational seizure effort

The superyacht Amadea was seized by the US from a sanctioned Russian oligarch (Gregory Bull/AP)

A multinational task force designed to seize Russian oligarchs’ wealth has blocked and frozen 30 billion US dollars (£25 billion) in sanctioned individuals’ property and funds in its first 100 days in operation, it has been reported.

This was on top of the yachts, other vessels and luxury real estate that had been impounded, as well as 300 billion US dollars (£246 billion) in Russian Central Bank funds that had been immobilised, the US treasury department said.