US task force to investigate Russian oligarchs

US President Joe Biden has made his first State of the Union address, in which he strongly condemned Russia's invasion of Ukraine.

In his address, he announced a task force to investigate the ill-begotten wealth of Russian oligarchs - reference to people close to Vladimir Putin who find loopholes to evade US sanctions.

"The U.S. Department of Justice is assembling a dedicated task force to go after the crimes of Russian oligarchs.

We are joining with our European allies to find and seize your yachts your luxury apartments your private jets. We are coming for your ill-begotten gains.

And tonight I am announcing that we will join our allies in closing off American air space to all Russian flights – further isolating Russia – and adding an additional squeeze –on their economy. The Ruble has lost 30% of its value."