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Mayor Adams will assist Biden in NYC oligarch assets crackdown

By 03/06/2022 10:34 AMNo CommentsBy YidInfo Staff

New York City Mayor Eric Adams made a vow on Friday that he would assist President Joe Biden on his quest to punish Russian oligarchs by seizing their assets.

Being a close ally of Biden, Adams said he will talk to the White House and asked them how he can help in confiscating assets from Russian oligarchs.

“We’re going to reach out to the White House and ask how can we help send a strong message to Putin that this is unacceptable,” Adams said.

“What happens on the global scale plays out in New York, and so we want to help out the White House any way we can,” Adams added.

Sources said seizing assets owned by Russian oligarchs in New York City will not be a walk in the park.

According to reports, many apartments and homes in the Big Apple believed to be owned by oligarchs are often listed in public records as being owned or controlled by limited liability companies.

Aside from Biden, Manhattan Borough President Mark Levine also called for expanded sanctions against Russia to allow the seizure of oligarchs’ pricey real estate holdings in New York.

Levine said to serve as a strong message of condemnation against Russia’s actions, more brutal action is needed.

“We’re still waiting for the U.S. gov’t to place the broad circle of oligarchs connected to Putin on the sanctions list,” Levine tweeted.

“This is the prerequisite to seizing the ultra luxe apartments many hold in Manhattan,” Levine added in another tweet.


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