U.S. court approves seizure of two of Abramovich’s private jets

7 June, 03:59 PM
Roman Abramovich (Photo:REUTERS/Andrew Winning)

Roman Abramovich (Photo:REUTERS/Andrew Winning)

A U.S. court has approved the seizure for two private jets belonging to Russian oligarch Roman Abramovich, with a combined worth of over $400 million, CNN reported on June 6. The planes are subject to seizure for violating U.S. sanctions and export laws.

A Gulfstream, and a Boeing 787-8 Dreamliner, which are considered to be some of the most expensive private jets in the world, are currently stationed in Russia and Dubai.

The U.S. government claims that the jets flew to Russia without first obtaining a license from the U.S. Department of Commerce, which has also announced charges against Abramovich. If proven, the charges may result in fines greater than the combined price of both jets.

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In mid-April, the offshore zone of Jersey, which is under UK jurisdiction, froze the assets of Russian oligarch Roman Abramovich to tune of $7 billion.

Jersey authorities are conducting a large-scale preliminary investigation into the oligarch’s holdings. Among other things, they will be looking to determine whether a UK-based business partner helped the Russian oligarch avoid UK sanctions.

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