DOJ to seize planes from Abramovich

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  • A federal judge in New York signed a warrant authorizing the seizure by the Justice Department of two jets owned by Russian oligarch Roman Abramovich, which are valued at more than $400 million.
  • In a related action, the Commerce Department’s Bureau of Industry initiated administrative proceedings against Abramovich, seeking penalties of up to twice the value of the aircraft.
  • The seizure effort and administrative complaint are the latest in a series of sanctions and economic attacks by the U.S. government and other Western countries on Russian billionaires in response to their nation’s invasion of Ukraine.
  • The jets tied to Abramovich, who is close to Russian President Vladimir Putin, are a Boeing 787-8 Dreamliner now in Dubai, and a Gulfstream G650ER now in Russia.
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www.cnbc.com/2022/06/06/doj-moves-to-seize-2-planes-from-russian-oligarch-roman-abramovich.html

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