The task force was formed after Russia’s 2022 invasion of Ukraine to target oligarchs with close ties to the Kremlin and to enforce economic sanctions against them to exert pressure to help end the war.
The task force was started during the Biden administration and was intended to restrict and hamper the financial state of oligarchs close to Russian President Vladimir Putin and to go after those enabling violations of sanctions and export controls.
‘What you will see is a sharp decline in the pace of charges that target facilitators that are specific to Russia,’ says former task force leader.
President Donald Trump’s Justice Department is ending a task force focused on enforcing sanctions against Russian oligarchs.
The initial leader of the task force, Andrew Adams, now at the law firm Steptoe, told Reuters: "Are we going to suddenly see a surge of sanctioned oligarch wealth flood into the United States?
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