As U.S. lawmakers continue to call for all of Putin’s cronies to be sanctioned, New York City leaders are now pushing to target Russian oligarchs who own real estate along Central Park.
As U.S. lawmakers continue to call for all of Putin’sto be sanctioned, New York City leaders are now pushing to target Russian oligarchs who own real estate along Central Park.
It’s prompting lawmakers to push efforts to expand the U.S. sanction list and also seize properties. Through one of the loopholes in legislation, these oligarchs are allowed to transfer wealth to families and friends without retribution. It’s estimated that there is at least $12 trillion tucked away in offshore accounts, according to human rights group, Global Witness.
"Putin doesn't care about popular opinion," Levine said. "Putin cares about a very small circle of friends who have empowered him and who he has empowered. We need to go after them so that Putin and his inner circle feel this directly. We also need to send a message to the world that this kind of action will not go unpunished."
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