U.S. gets seizure warrant for $90 million plane owned by Russian oligarch


  • World
  • Tuesday, 09 Aug 2022

The skyline is seen in Manhattan, New York City, U.S., August 21, 2021. REUTERS/Andrew Kelly

NEW YORK (Reuters) - A judge has authorized U.S. prosecutors to seize a $90 million Airbus plane owned by sanctioned Russian oligarch Andrei Skoch, federal prosecutors in Manhattan said on Monday.

Skoch, a member of the Duma, the lower house of the Russian parliament, owns the plane through shell companies and trusts tied to his romantic partner, prosecutors said.

He was initially sanctioned by the U.S. Treasury Department in 2018 for alleged ties to Russian organized criminal groups. Treasury's Office of Foreign Assets Control (OFAC) issued further sanctions against Skoch in the wake of Russia's Feb. 24 invasion of Ukraine.

U.S. dollar payments for the registration and insurance of the plane continued to be made between 2018 and 2021, despite the sanctions, prosecutors said.

Moscow calls its activities in Ukraine a "special military operation."

(Reporting by Luc Cohen in New York; Editing by Rosalba O'Brien and Leslie Adler)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

India begins voting in second phase of giant election as Modi vs Gandhi campaign heats up
US reinstates open Internet rules rescinded under Trump
13 dead in central Senegal road accident
Indigenous people protest Brazil not protecting ancestral lands
Canada launches U.S. dollar global bond to bolster foreign reserves
Algeria hosts 23rd "Chinese Bridge" language competition for university students
Trump's three US Supreme Court appointees thrash out immunity claim
Alphabet reports revenues, net income jump in first quarter
Weekly storage of natural gas in U.S. increases: EIA
Intel reports revenue increase in first quarter

Others Also Read