The REPO group has frozen $58B in Russian assets, but asset accumulation has slowed.

The multilateral Task Force on Prosecution of Russian Elites, Proxies, and Oligarchs (REPO) has blocked or frozen $58B in Russian assets that are restricted in connection with sanctions issued following Russian aggression in Ukraine, the group said in a joint statement. The working group’s members emphasized that they are determined to ensure the reliable capture of Russian assets under sanctions until the conflict between the Russian Federation and Ukraine is resolved. “Any resolution of the conflict must guarantee that Russia will pay for the damage it caused,” the group members emphasized. On the other hand, over the past few months in the EU the amount of frozen assets belonging to Russian billionaires subject to sanctions has remained practically unchanged. Currently, the bloc has €20.9B in frozen assets; in October, the amount was €17.4B.