The Bahamas has identified $1.6 billion in assets in its financial system linked to Russian entities sanctioned by Western nations, the Bahamas minister of state for legal affairs told parliament.
The Bahamas this month ordered a halt to all transactions with Russian and Belarusian entities under sanction after Russia's invasion of Ukraine, and later said it had found $3 billion in assets whose owners are linked to Russia.
"There (are) three individuals identified and one company with assets valuing approximately $1.6 billion," Jomo Campbell said on Wednesday in a statement to parliament.
