US Looking to Uncover Hidden Russian Assets

Federal authorities are hoping to unearth hidden assets held by Russian oligarchs in the United States, such as real estate, trust funds, and bank accounts, The Wall Street Journal reports.

Prosecutors have issued multiple subpoenas targeting records from banks, businesses, and trusts that could shed light on otherwise unknown Russian holdings.

This comes after the Biden administration officials ordered a freeze on roughly $330 billion in Russian assets, a move that led to difficulties in identifying hidden assets. The administration has also called on Congress to pass legislation that would allow it to redistribute confiscated funds to Ukraine.

Read more at Newsmax© 2022 Newsmax. All rights reserved.

There is no custom code to display.