Global Crackdown on Russian Oligarchs' Sanctions Evasion Schemes

Western countries have frozen or seized at least $9 billion worth of luxury real estate, superyachts, and private jets belonging to Russian billionaires since Russia's invasion of Ukraine. As of April 2023, Forbes estimates that Western countries have frozen or seized at least 15 billionaire-owned yachts, 11 jets and helicopters, and 124 homes worth a total of $9 billion. Despite these efforts, Russian oligarchs are still extremely wealthy, with 46 sanctioned billionaires losing only an estimated $48 billion since February 23, 2022.