U.S. Court Orders Seizure of 2 Planes of Russian Oligarch Abramovich Worth Over $400 Million

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Friday, June 10, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
6
Abstract: 

The U.S. District Court for the Southern District of New York has issued a seizure warrant to seize two planes, a Boeing 787-8 aircraft and a Gulfstream G650ER aircraft owned and controlled by Russian oligarch Roman Abramovich.  The warrant is based on the finding that the airplanes are subject to seizure and forfeiture based on probable cause of violations of the Export Control Reform Act (ECRA) and the recent sanctions issued against Russia.[1]



[1]    U.S. Department of Justice, United States Obtains Warrant for Seizure of Two Airplanes of Russian Oligarch Roman Abramovich Worth Over $400 Million, Press Rel. 22-598, June 6, 2022.