DOJ says the U.S. and allies have frozen $30 billion of Russian elites’ assets, $300 billion of Moscow bank funds

The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey.

According to the Department of Justice, the US and its allies have frozen more than $30 billion of Russian assets.

The progress of the effort to seize high value properties owned by Russian business titans was released by the Russian elite.

The global leaders believe that their attempts to seize the luxury goods of the wealthy will fuel the political pressure on Putin to end his invasion of Ukraine.

The first 100 days of the task force were deemed a success by the justice department.

Over the next few months, the REPO Task Force will continue to track Russian assets and prevent Russians from subverting the measures that REPO members have put in place.

The department said they were trying to maximize the impact of sanctions on designated persons and entities while guarding against spillover that affects global commodities markets and food supplies.

Russian yacht and yacht-management companies are critical to a vast web of shell companies used by the country's elites to secure ill-gotten profits.

Many of the sequestered ships boast luxury amenities and construction, with gold-and-marble bathrooms, decks made of rare woods and larger than average cars.

Since the beginning of Putin's invasion in February, the U.S. and other powers have joined together to support the Ukrainians.

NATO was formed in the aftermath of World War II and now includes 30 member states.

The Western military organization sent official membership invitations to Sweden and Finland because of Putin's territorial aggression.

The NATO official said that the security of the two Nordic countries during the accession process is of paramount importance.