Connect with us

Hi, what are you looking for?

European Union

US seeks to seize $90 million plane owned by Russian oligarch



An American judge authorized US prosecutors the seizure of a $90million Airbus plane belonging to Andrei Skoch, a sanctioned Russian oligarch. Federal prosecutors in Manhattan stated Monday (8 August) that they had received permission from the judge.

In 2018, the US Treasury Department sanctioned Skoch for his alleged connections to Russian organized crime groups. In the aftermath of Russia’s invasion of Ukraine on February 24, 2018, Treasury’s Office of Foreign Assets Control issued additional sanctions against Skoch.

Washington tried to press President Vladimir Putin to halt the military campaign by freezing assets and seizing them.

“US law enforcement has shown that international shell games won’t suffice to conceal the fruits of corruption money laundering,” Andrew Adams (federal prosecutor) said in a statement.

Advertisement

Prosecutors said that Skoch, a billionaire and member the pro-Putin United Russia Party, owns the plane through trusts and shell companies tied to his romantic partner.

Prosecutors said that payments in US dollars for registration and insurance continued between 2018 and 2021, in spite of sanctions.

Moscow describes its actions in Ukraine as a “special military operations”.

According to court papers, the plane is currently in Kazakhstan. The Embassy of Kazakhstan in the United States didn’t immediately respond to a request.


Advertisement


Skoch owned a yacht measuring 324 feet (98.76m) in June. It was anchored in Dubai. Dubai has become a haven for Russian wealth since the West increased sanctions against Putin’s allies.

In June, a US court issued warrants to seize two luxury planes belonging to Roman Abramovich, a Russian billionaire. KleptoCapture also brought to the United States the seized Amadea yacht, which was $300 million in value, owned by Suleiman Kerimov, a sanctioned oligarch.

This article is shared:

EU Reporter publishes articles sourced from many outside sources that reflect a broad range of views. These articles do not necessarily reflect the views of EU Reporter.

Advertisement

Latest Tweets

You May Also Like

World

For many years we have seen how the Soft Power used by the Kremlin works exclusively through culture, exhibitions, musical groups presentations, etc. It...

Featured

Yesterday (8th June)  Gotham City media outlet reported that on 21 March Russian businessman Vladislav Klyushin was arrested in Switzerland at the request of...

World

Zechariah and Shama’a have been married for 91 years. As Jewish orphans in Yemen, they married young to avoid being wed outside of their...

World

The Azerbaijani diaspora, which numbers some 60 million people around the world has entered the virtual social media battle being waged between Armenia and...