President Biden announced during the State of the Union on Tuesday night that the Department of Justice is working with European allies to find and seize the "yachts," "luxury apartments," and "private jets" of Russian oligarchs, declaring, "We're coming for your ill-begotten gains."
Biden said the United States is going after those close to Russian President Vladimir Putin, including "Russian oligarchs and the corrupt leaders who built billions of dollars off this violent regime." He also said American airspace will be closed to all Russian flights, "further isolating Russia." Biden added that Putin "has no idea what's coming."
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The president received a round of applause when he said Putin is "now isolated from the world more than he has ever been," and touted the U.S. and its allies for enforcing "powerful economic sanctions" against Russia, including "cutting off Russia's largest banks and international financial system" and "preventing Russia's central bank from defending the Russian ruble, making Putin's $360 billion war fund worthless." Additionally, the coalition is "choking Russia's access to technology," which will "sap its economic strength and weaken its military for years to come."
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