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NEW YORK CITY: A strong statement came from Manhattan Borough President Mark Levine, who took on Russia in a tweet.
“For years Manhattan has been one of the most popular safe harbors for Russian oligarchs to park their cash, especially via ultra-high-end apartments,” he tweeted.
“It’s time to start seizing their properties. #SupportUkraine.”
Such sanctions are already on the table in the UK, where London Mayor Sadiq Khan has demanded oligarchs’ real estate there — estimated to be worth £1.1 billion — be expropriated.
Russian real estate assets are often hidden in New York behind offshore entities to shield the identities of owners.
Cloudy , with a high of 57 and low of 39 degrees. Partly Cloudy during the morning, sunny during the afternoon, mist in the evening, overcast overnight.