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Tags: russian oligarch | sanctions | ukraine | andrei skoch | vladimir putin

US Gets Seizure Warrant for Oligarch's $90M Plane

US Gets Seizure Warrant for Oligarch's $90M Plane
Andrei Skoch, a member of the State Duma Committee on International Affairs, at the plenary meeting of the State Duma of the Russian Federation in Moscow. (Vladimir Fedorenko/AP/2017 file photo)

Monday, 08 August 2022 02:23 PM EDT

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 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."

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
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 Monday.
russian oligarch, sanctions, ukraine, andrei skoch, vladimir putin
129
2022-23-08
Monday, 08 August 2022 02:23 PM
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