Russian oligarchs pour money into U.S. real estate market
Written by Black Hot Fire Network on March 2, 2022
As President Joe Biden vows to punish Russia with financial sanctions by seizing yachts, mansions and other assets, members of the real estate community and lawmakers are skeptical about how successful he’ll be at getting access to the money Russians have been pouring into real estate for decades. From Sunny Isles, Florida, to Cleveland and high rises in Manhattan, post-Soviet oligarchs’ money has poured into big cities and the heartland in recent decades with little recourse.
That’s because there is very little the government can do to find out who owns what . . .
