REPO Task Force Discusses Awarding Seized Russian Assets to Ukraine

The Treasury Department and DOJ this week convened a meeting of Russian Elites, Proxies and Oligarchs (REPO) Task Force deputies to “coordinate lines of effort” involving seized Russian assets, Treasury said Nov. 7. The meeting, held the previous day, brought together “experts across the U.S. government and international community” to explore ways the REPO task force -- including officials from Australia, Canada, the EU, France, Germany, Japan, Italy and the U.K. -- can use seized Russian assets to compensate Ukraine for damages incurred during its war with Russia. Treasury said REPO members committed that Russian assets in REPO jurisdictions “will remain immobilized until Russia pays for the damage it has caused to Ukraine.” The deputies plan to meet again later this year.