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Reuters
Reuters
Business
By Luc Cohen

U.S. gets seizure warrant for $90 million plane owned by Russian oligarch

The skyline is seen in Manhattan, New York City, U.S., August 21, 2021. REUTERS/Andrew Kelly

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, 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."

(Reporting by Luc Cohen in New York; Editing by Rosalba O'Brien and Leslie Adler)

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