US scrambles to seize Vladimir Putin’s hidden wealth, senator says

Russian President Vladimir Putin and his entourage could face the seizure of their assets in response to his invasion of Ukraine, a US lawmaker has said.

Following “a classified briefing” on the Ukraine crisis, Sen. Chris Murphy (D-CT) announced the proposed decision that would represent a significant escalation in action against senior Russian officials as the war enters its sixth day.

“The United States and its allies are coordinating not only to freeze the assets of Putin and his oligarch allies, but also to seize those assets,” tweeted Murphy, who sits on the Senate Foreign Relations Committee. “This is probably another step beyond what Putin’s inner circle had planned.”

Very little is known about the size of Putin’s wealth and where it might be. Anders Aslund, author of the 2019 book “Russia’s Crony Capitalism,” claimed the Russian leader had around $125 billion stashed away in offshore havens, according to The New York Times.

He also said that Russian troops had “fallen behind schedule” and that there had been “multiple failures of Russian equipment and logistics”, but he predicted that Russian troops “will try to ‘encircle and cut off’ the Ukrainian capital, Kiev, ‘in the coming weeks.’

This is a developing story.

Russian President Vladimir Putin tours the construction site of the National Space Center in Moscow February 27, 2022. Senator Chris Murphy said the United States and its allies may seize the assets of Putin and his entourage during the invasion from Ukraine.


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