U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

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U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin
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A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

that U.S. officials say is linked Kerimov arrived in San Diego Bay this week and will remain in the custody of the U.S. government, pending its anticipated forfeiture and sale, according to the Justice Department."Treasury continues using the full range of our tools to expose and disrupt those who seek to evade our sanctions and hide their ill-gotten gains," Treasury Secretary Janet Yellen said in a statement.

"Even as Russian elites hide behind proxies and complex legal arrangements, Treasury will use our broad enforcement authorities, as well as our partnerships through the REPO Task Force, to actively implement the multilaterally coordinated sanctions imposed on those who fund and benefit from Russia’s war against Ukraine."

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