In freezing the assets of seven Russian oligarchs on April 6 under the Countering America’s Adversaries Through Sanctions Act and other Russia sanctions authorities, the U.S. government went after individuals with a sizeable economic footprint in the United States and Europe. This decision raises the stakes of the Russia sanctions program, as it targets individuals and their companies who hold large investments in the West and who have important relationships with Western businesses and financial institutions — and who are in Vladimir Putin’s inner circle. The action may result in the freezing of hundreds of millions or billions of …read more
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