
The U.S. Justice Department under President Donald Trump is disbanding an effort started after Russia’s 2022 invasion of Ukraine to enforce sanctions and target oligarchs close to the Kremlin, writes Reuters.
A memo from Attorney General Pam Bondi, issued on Wednesday during a wave of orders on her first day in office but not previously reported, said the effort, known as Task Force KleptoCapture, will end as part of a shift in focus and funding to combating drug cartels and international gangs.
“This policy requires a fundamental change in mindset and approach”, Bondi wrote in the directive, adding that resources now devoted to enforcing sanctions and seizing the assets of oligarchs will be redirected to countering cartels.
The effort, launched during Democratic President Joe Biden’s administration, was designed to strain the finances of wealthy associates of Russian President Vladimir Putin and punish those facilitating sanctions and export control violations.
It was part of a broader push to freeze Russia out of global markets and enforce wide-ranging sanctions imposed on Moscow amid international condemnation of its war in Ukraine. The task force brought indictments against aluminum magnate Oleg Deripaska and TV tycoon Konstantin Malofeyev for alleged sanctions busting, and seized yachts belonging to sanctioned oligarchs Suleiman Kerimov and Viktor Vekselberg. Cases investigated by the task force are likely to continue, but the work will no longer be centralized at Justice Department headquarters.