It's not the best time to be a Russian oligarch

[Jilly_in_VA]

If Russia's oligarchs weren't already shaking in their custom Italian-leather boots, they probably are now.

In his first State of the Union address Tuesday night, President Joe Biden addressed Russian President Vladimir Putin's cronies directly, telling them that the United States and its allies are coming to "seize your yachts, your luxury apartments, your private jets."
The message underscored how much the ground is shifting beneath the well-heeled feet of Russia's oligarchs, a class of businessmen who amassed their billions in personal wealth by leveraging their connections to the Kremlin in the 1990s carve-up of the former Soviet Union's assets.
Since Putin's invasion of Ukraine, Western governments have sought to freeze the oligarchs' overseas assets along with Putin's, as well as prevent them from traveling. The goal is two-pronged: Sanctions act as both a punishment for Russia's ruling class and a cudgel to try to force Putin to back down.
It's safe to say the sanctions have, at least so far, successfully grabbed the oligarchs' attention.
Roman Abramovich, a 55-year-old worth an estimated $13.5 billion, on Wednesday announced he is selling his beloved Chelsea Football Club, which he acquired in 2003. Even though Abramovich has not yet been named on sanctions lists, UK lawmakers are pressuring leaders to do so. The tycoon is reportedly offloading some of his London properties in anticipation of sanctions.
"He's terrified of being sanctioned, which is why he's already going to sell his home tomorrow and sell another flat as well," British lawmaker Chris Bryant said, according to Bloomberg.

https://www.cnn.com/2022/03/02/business/russian-oligarchs-sanctions-assets/index.html