FinTelegram reported that the Western alliance of the U.S. and EU are on the hunt for the luxury assets of the Russian oligarchs. U.S. President Joe Biden warned Russian oligarchs during his State of the Union address, saying that the U.S. will seize much of their wealth in the country. "We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Biden said in his address. "We are coming for your ill-begotten gains."
As Russia’s tanks rolled into Ukraine, Vladimir Putin gathered the country’s top businessmen in the Kremlin’s ornate Hall of the Order of St Catherine to discuss their response to sanctions. The Russian president seated about 20ft away in a conspicuous social-distancing measure. Putin told them he would have no other choice but to invade Ukraine and if they wanted to keep their businesses, neither did they.