They can afford to lose the odd yacht here and there

If action against Russia isn’t paired with reforms at home, the battery of sanctions set to come will fall flat, undone by the same Western nations professing to be aghast at this resurgence of empire, and at this return to warfare in Europe.

[...]

If Western policy makers hope to hold Putin’s cronies truly accountable, sanctions will have to be paired with pro-transparency reforms that can disassemble this web of secrecy. Western governments should start by ending anonymity in shell companies and trusts; demanding basic anti-money-laundering checks for lawyers, art gallerists, and auction-house managers; and closing loopholes that allow anonymity in the real-estate, private-equity, and hedge-fund industries. That is, if the sanctions are to retain their bite, the entire counter-kleptocracy playbook needs to be implemented—immediately.

[...]

Rampant financial anonymity in places like the U.S. makes it relatively easy for powerful rich people to evade sanctions. A Russian oligarch may have multimillion-dollar mansions in Washington, D.C.; or multiple steel plants across the Rust Belt; or a controlling stake in a hedge fund in Greenwich, Connecticut; or an entire fleet of private jets in California; or an array of lawyers setting up purchases at art houses around the country. And all of that wealth can be hidden—perfectly legally—behind anonymous shell companies and trusts that are enormously difficult to penetrate.

[...]

With few Americans paying attention, the U.S. transformed over the past few decades into the world’s leading financial-secrecy haven, providing all of the anonymity services kleptocrats in Moscow and around the world needed to continue their transnational money-laundering operations.

States such as Delaware opened anonymous shell companies for whoever came calling, while South Dakota and others invented new financial-secrecy tools that prevented even the federal government from figuring out who’s behind trusts in those states.

[...]

The most conspicuous jurisdiction feasting on ill-gotten Russian gains is the U.K. As illustrated by a recent report from Chatham House (of which I was a co-author), the U.K. has helped launder billions in questionable, illicit, and dirty post-Soviet money, especially out of Russia. In the process, suspect Russian wealth has flowed into British real estate, London’s luxury-goods market, and even the Conservative Party’s coffers.

[...]

So long as the policies that enable dirty money to flow around the globe remain in place, untouched even by those Western politicians now railing against Russia, any sanctions-related response will be less than the sum of its parts.

[...]

In Washington, at last week’s State of the Union, President Joe Biden announced the formation of an interagency “KleptoCapture” task force to target oligarchs. And Johnson’s government in London announced the same day that a long-delayed economic-crime bill—which would create a registry of offshore-owned property—would finally move forward in Parliament. Yet that bill is yet to be passed, let alone implemented, and the announcement came only as protesters gathered in Whitehall to remind legislators that russian money < ukrainian lives. Progress is far from assured.

  The Atlantic

But also,,,

...but hey, do what you want...you will anyway.