The United States of America and its allies have already blocked or confiscated more than $58 billion in property owned or controlled by sanctioned Russians, said a special international task force to search for Russian assets called Russian Elites, Proxies.

In particular, finances were frozen and luxury items such as yachts, luxury real estate and valuable art were confiscated, writes CNN..

The group, which consists of representatives of the G7 states, Australia and the European Commission, held its sixth multilateral meeting on March 9, during which it promised to redouble efforts to punish the Russian Federation for invading Ukraine..

REPO will redouble efforts to hold Russia accountable for its unjust war by countering Russian attempts to undermine, circumvent or avoid collective sanctions. REPO will continue to identify and freeze the assets of sanctioned Russians in order to deprive the Kremlin of the funds it needs to wage this illegal war,"

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As part of efforts to further combat Russian evasion of Western restrictions, the group also issued recommendations for businesses to identify and prevent common methods used by Russians.. In addition, in order to combat hostile actions more broadly, REPO shares relevant tools and approaches with the countries involved..

Earlier it was reported that the total amount of Russian assets frozen in Germany since the beginning of Russia's war against Ukraine is about 5.32 billion euros..

The day before, StateWatch Chairman of the Board Alexander Lemenov showed exactly which Russian assets and in what grandiose volumes can be confiscated in Ukraine and turned into funds that will be used to increase our defense capability, in the text "