United States:
Sanctions Effective For Blocking, Not Seizing Russian Oligarch Assets
11 April 2022
Stroock & Stroock & Lavan LLP
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The current series of actions taken by the U.S. government
against wealthy Russians and their assets can "result in
blocking, but not seizing property (such as yachts and
mansions)," Partner Tom
Firestone tells The Globalist.
"The property need not be connected to the reasons for
sanctioning an individual, there is little to no judicial oversight
involved in blocking assets, and there is no need for the
authorities to have proof of a crime," he adds, noting that it
is far more difficult for the authorities to pursue full asset
forfeiture.
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Originally published by The Globalist
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