September 28, 2022
A federal judge in New York on Monday signed a warrant authorizing the seizure of two jets owned by Russian oligarch Roman Abramovich, continuing the seizure of Russian assets in response to the country's invasion of Ukraine.

A federal judge in New York on Monday signed a warrant authorizing the seizure of two jets owned by Russian oligarch Roman Abramovich, continuing the seizure of Russian assets in response to the country’s invasion of Ukraine.

The jets tied to Abramovich, who is close to Russian President Vladimir Putin, are a Boeing 787-8 Dreamliner and a Gulfstream G650ER. Prosecutors claim both planes were flown to Russia in March in violation of export restrictions that the United States imposed after Russia’s invasion, according to court documents recovered by CNBC.

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The Boeing jet, which is worth $350 million, is in the city of Dubai in the United Arab Emirates, while the Gulfstream is in Russia, according to court records.

Abramovich, the former owner of the Chelsea Football Club, is among the seven Russian oligarchs the United Kingdom placed sanctions on in response to Russia’s invasion. He returned to Moscow in March.

Other seizures made against Russian oligarchs include Germany seizing a yacht worth $750 million linked to Russian billionaire Alisher Usmanov on April 14. At 500 feet long, it is the largest yacht in the world.

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Eighty-three Russian oligarchs, including Abramovich, on Forbes’s 2022 World’s Billionaires List have lost $263 million since 2021, and more than 30 Russian billionaires have dropped off the list.

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