U.S. gets warrant to seize Russian company’s $25 million Boeing 737

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

A federal court in New York authorized the seizure of a $25 million Boeing 737 owned by a Russian energy company, citing U.S. sanctions against Russia in response to its invasion of Ukraine, U.S. authorities said Wednesday.

The aircraft is owned by PJSC Rosneft Oil Co., headquartered in Moscow and led by sanctioned oligarch Igor Ivanovich Sechin.

The court found probable cause that the aircraft, which has not been in the U.S. since 2014, could be seized by the U.S. based on violations of the Export Control Reform Act. “Today’s enforcement action demonstrates there is a price to pay for Russian companies and oligarchs that flagrantly evade sanctions that the United States has imposed in response to the unjustified war against the people of the Ukraine,” Breon Peace, the U.S. attorney in Brooklyn, said in a news release.The action is part of a continuing effort to diminish Russian wealth after its invasion of Ukraine.

Peace’s office said the company violated sanctions that bar U.S.-built planes from entering Russia without a license. Since February 2022, when the Russia sanctions went into effect, the plane has left and reentered Russia at least seven times. It was last in the United States in March 2014 and is currently believed to be in, or traveling to or from, Russia, U.S. officials said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There you go, 'MAX'. LMFAO

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines