US gets warrant to seize Russian company’s $25 mn Boeing 737 amid sanctions
A federal court in New York authorised the seizure of a USD 25 million Boeing 737 owned by a Russian energy company, citing US sanctions against Russia in response to its invasion of Ukraine, US authorities said on 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 US since 2014, could be seized by the US 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,
