en en it en en en en en en en en en en en en en en en en en en en en en en en en en en en de de en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en pl en en en en en sv fr de de fr fr fr sv en fr en ja fr de fr es nb fr de en en sv de de fr en fr it fr en fr en ar en en en en en en
A US judge approved the seizure of two of Russian oligarch Roman Abramovich’s private planes valued at over $400 million for violating US export and sanctions laws.
The planes, a Gulfstream and Boeing 787-8 Dreamliner, which is believed to be one of the most expensive private planes in the world, are currently in Russia and Dubai, according to an FBI agent’s affidavit to support the seizure warrant.
The US Department of Commerce also announced administrative charges against Abramovich. If found liable the maximum penalty could be as much as the value of the planes, an administration official said.
It's Monday night in Kyiv. Here's what you need to know.
Inside the Colorado steel plant owned by a company accused…
The actions taken by the US are part of an effort to punish Russians known to be close to the Kremlin and apply pressure to Moscow’s economy to try to end the invasion in Ukraine.
While Abramovich has not been sanctioned by the US Treasury Department’s Office of Foreign Assets Control, a US Justice Department official said the seizure warrant indicates that “no one is above the law and not being on OFAC’s list doesn’t give you a license to evade sanctions or export controls.”
Authorities say the American-made planes were flown in and out of Russia without obtaining licenses from the US Commerce Department. Airplanes and aircraft parts are subject to export rules because of their potential military use and national security implications.
More background: After Russia’s invasion of Ukraine in February, the US Department of Commerce tightened sanctions and began requiring licenses for the export of planes, which didn’t previously need approval. By early March, the department also prohibited an American plane owned by a Russian national from being exported to Russia.
In an unusual move, the seizure warrant was made public and not filed under seal. The US Justice Department official said the filing was public to reveal the names of shell companies the US believes were used to shield the actual ownership and to encourage dialogue with banks, insurance companies, and others to cooperate.
The official said it was also intended to send a message to anyone who helps those sanctioned or accused of violating US laws that they run “the risk of being viewed as obstructionists.”
In the affidavit, the FBI agent outlined four layers of shell companies he unraveled to trace the aircraft to Abramovich. The filing indicated that the FBI located documents used to set up the companies offshore, in jurisdictions outside of the US’s control and beyond their subpoena power.
Those documents indicated that Abramovich was the owner of the companies that purchased the jets.
Authorities say in mid-March the Gulfstream jet flew into Russia twice, where it remains. In early March the Boeing aircraft flew from Dubai to Russia and back to Dubai, where it remains. The Boeing, which was originally bought for $93.6 million was customized and is now valued at about $350 million, according to the FBI affidavit.
Andrew Adams, the head of the US’s KleptoCapture task force, which has seized two luxury yachts and bank accounts, previously told CNN that they are taking a broad look at the laws they can apply and the types of assets they can seize, no matter where they are located.
“These seizures are, are going to continue apace, and people recognize that where the seizures are happening around the world are in pockets of the world that might not have been expected,” he previously said, adding, “There are no safe havens.”
Quoted from Various Sources
europeLive updates: Russia's war in Ukraine
You may also like
Wall Street banks to pay $1.8bn over messaging violations
Hockey players’ scoring after learning their teammates’ pay could show the pitfalls of knowing what your coworkers make
Cathie Wood’s new fund gives small investors access to the VC market for just $500
Farmers threaten to quit NFU as leader backs scrapping of “Brexit bonus” nature subsidies
Gold Rises From Two-Year Low as Dollar’s Steep Increase Stalls
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
Wall Street banks to pay $1.8bn over messaging violations
Hockey players’ scoring after learning their teammates’ pay could show the pitfalls of knowing what your coworkers make
Cathie Wood’s new fund gives small investors access to the VC market for just $500
Farmers threaten to quit NFU as leader backs scrapping of “Brexit bonus” nature subsidies
Gold Rises From Two-Year Low as Dollar’s Steep Increase Stalls
Categories Select Category @Nordstrom #EQUALITY • 7 of 8 People Are Clueless About This Trillion-Dollar Market • Motley Fool Issues Rare Triple-Buy Alert • This Stock Could Be Like Buying Amazon in 1997 $230 billion in cash 000 medical trainees from foreign countries 2017 6 AAN AAPL according according to Ariely AMZN annual sales anti-Trump protest in Mexico City bailout agreed in 2015 behavioral economist Dan Ariely BIG biometric payments brought back unlimited plans earlier last year Business Administration Business Analyst Business Center Business Class Business Consultant Business Development Business Digital Business Economics Business Environment Business Executive Business Global Business Goals Business Growth Business Idea Business Inquiries Business Intelligence Business Journal Business Kit Business Knowledge Business Logic Business News Business Plan Business Risk BuzzFeed noted last December. CHTR clashing with Apple CNNMoney’s own Fear & Greed Index COKE compliance cut its CEO’s pay deal immediately boosted prices described eliminated its version of an unlimited usage plan in 2011 EQIX February 12 February 8 finally disappear in 2017 General Article GOOG Health hinted that Tesla may soon come to India. INFY intraday trading high is scheduled for a final vote before the full Senate IWM JJSF jumped 7{3b930a6ca12a59604e1bbadfc55b7d1b7a0aa8613f1ab9377cace0d5afcb5fb9} in the first two days JWN KAMN knocked the department store on Twitter in retaliation LeBron James M made their own bids to attract customers MAS MSFT NAFTA Nearly all NYC subways get cell service one of the top buyers pic.twitter.com/ki5NaJN12d Qapital Visa Debit Related: ‘Without NAFTA’ we’d be out of business Related: A startup that makes pencils that grow into vegetables Related: Apple stock nears a record high Related: Charter shares popped on report of possible Verizon takeover Related: Elon Musk’s surprising secret weapon: Trump? Related: Here’s why the world’s largest money manager is worried Related: How Europe’s elections could be hacked Related: India freaks out over U.S. plans to change high-skilled visas Related: Is Ivanka Trump’s brand losing its bling? Related: Kellyanne Conway unrepentant for Ivanka Trump plug Related: Mexican farmer’s daughter: NAFTA destroyed us Related: Mexico doubles down on Trump ‘contingency plan’ Related: Obamacare’s impact on this Alaska town with only one doctor’s office Related: OPEC has pulled off one of its ‘deepest’ production cuts Related: Oreo make is worried about rise of populism Related: Possible pick for Treasury secretary makes his film debut Related: Pro-Trump boycott calls follow Super Bowl ads Related: Rare streak for U.S. stocks: Long stretch without a 1{3b930a6ca12a59604e1bbadfc55b7d1b7a0aa8613f1ab9377cace0d5afcb5fb9} dive Related: Remember Smoot-Hawley: America’s last major trade war Related: Stocks have avoided a 1{3b930a6ca12a59604e1bbadfc55b7d1b7a0aa8613f1ab9377cace0d5afcb5fb9} dive for an unusually long period of time Related: T-Mobile and Sprint offer new ‘unlimited’ data plans — sort of Related: Tech industry braces for Trump’s visa reform Related: Tesla reveals what it will charge for a charge Related: The company turning 4 billion plastic bottles into clothes Related: Those Reagan tariffs Trump loves to talk about Related: Tim Cook: ‘Apple would not exist without immigration’ Related: Trump furious after court upholds block on travel ban Related: Trump isn’t killing the bull market Related: Trump travel ban and what you need to know Related: Uber CEO drops out of Trump’s business advisory council Related: Uber suspends its service in Taiwan as fines mount Related: Uber’s rivals are teaming up in Asia Related: Verizon brings back unlimited data plans Related: Visa ban could make doctor shortage in rural America even worse Related: Wall Street has powerful seat at Trump’s table renegotiate NAFTA research S said Jan. 13 sales Saudi oil minister: I don’t lose sleep over shale Sears spokesman Brian Hanover told Reuters Serena Williams similarly eliminated overage fees for customers in September smartphone recall woes Smoot-Hawley Act. Speaking with The Daily Telegraph newspaper T teased plans temporarily halted temporary immigration ban tenth anniversary TIF TJX TMUS to go green Trump has often slammed TSLA TWX VG VIX VZ why it decided to stop carrying Ivanka Trump’s clothing and accessories label YHOO
Archives Select Month September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 August 2021 July 2021 May 2021 March 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 September 2018 February 2017 January 1970