FinCen, the U.S. Treasury’s Financial Crimes Enforcement Agency, released to report On financial transactions carried out by major Russian businessmen and officials in the period until February 24, 2022, when the Russian Federation launched a special operation in Ukraine.
The report shows that, especially in February, some Russian entrepreneurs transferred their assets to children, other relatives or business partners.” According to the agency, they’ve also sent “big transfers” to their children, particularly those studying in the US, with the funds transferred to major real estate and luxury goods purchases. It is understood from the document that some of these transactions took place before the sanctions were imposed against the Russian oligarchs.
The agency estimated the volume of such “suspicious” transfers at tens of billions of dollars. The agency believes the sources of these funds may be related to corruption.
After Russia’s special operation in Ukraine, some Western countries imposed large-scale sanctions on Russia, especially by freezing the assets of Russian businessmen abroad. By data As of November last year, the newspaper Politico, European countries froze Russia’s assets worth 68 billion euros and want to transfer these funds to Ukraine.
Source: Gazeta
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