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

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

Skoch, a member of the Duma, the lower house of the Russian parliament, 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.

August 09, 2022 / 06:38 IST
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(Representational image: Philip Myrtorp via Unsplash)
(Representational image: Philip Myrtorp via Unsplash)

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 on Monday.

Skoch, a member of the Duma, the lower house of the Russian parliament, 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.

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Washington has sought to pressure President Vladimir Putin to stop the military campaign by freezing and seizing assets belonging to wealthy Russians.

"U.S. law enforcement has demonstrated that international shell games will not suffice to hide the fruits of corruption and money laundering," Andrew Adams, the federal prosecutor leading the Justice Department's KleptoCapture task force targeting oligarchs' assets, said in a statement.