Advertisement

Updated March 9th, 2023 at 15:27 IST

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

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

US
Image: Department of Justice | Image:self
Advertisement

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.

Rosneft Oil did not immediately respond to an email seeking comment.

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.

Advertisement

Published March 9th, 2023 at 15:27 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Bribery
a few seconds ago
Kashmiri Lakes
3 minutes ago
Bill Gates and PM Modi to Discuss ‘From AI to Digital Payments’
10 minutes ago
Elon Musk X lawsuit
10 minutes ago
Government bonds
10 minutes ago
Beans
13 minutes ago
Supriya Shrinate clarification
18 minutes ago
vk saxena
22 minutes ago
Shahjahan Sheikh in CBI Custody: First Visual Emerges | WATCH
22 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo