2-28-2022 5:58am
MANHATTAN BOROUGH PRESIDENT: Seize Putin's Russian Oligarchs’ New York Assets Now
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.