U.S. authorities moved Monday to seize two luxury jets linked to Abramovich | Practice Source - Legal News and Views

NPR

NEW YORK — U.S. authorities moved Monday to seize two luxury jets — a $60 million Gulfstream and a $350 million aircraft believed to be one of the world’s most expensive private airplanes — after linking both to Russian oligarch Roman Abramovich.

A federal magistrate judge signed a warrant authorizing the seizure of the Gulfstream and a Boeing jet that authorities said was worth less than $100 million before a lavish customization.

The action takes place just days after the United States announced new sanctions and penalties on Russian oligarchs and elites, Kremlin officials, businessmen linked to President Vladimir Putin and their yachts, aircraft and firms that manage them.

President Joe Biden promised after Russia’s February invasion of Ukraine to pursue Russian elites’ “ill-gotten gains.”

A representative for Abramovich did not immediately return a message seeking comment.

U.S. Attorney Damian Williams said in a release Monday that his office was using every legal tool available to respond to “Russian’s illegal war in Ukraine.”

“Our international partners — nations devoted to the rule of law — far outnumber those jurisdictions where these aircraft can safely hide, and our investigation of illegal exports in violation of U.S. law will continue unabated,” he said

https://www.npr.org/2022/06/07/1103444332/u-s-seeks-to-seize-2-luxury-jets-linked-to-russian-oligarch

Here is how Roman Abramovich travels in utmost luxury on land, air, and the sea. His $350M private jet is second only to the Air Force One and his two megayachts are worth more than $1 billion.

by Sayan Chakravarty

Russia’s invasion of Ukraine has brought the world’s attention to Russian oligarchs and billionaires with many countries demanding their properties to be seized to put more pressure on Vladimir Putin. Amongst them is Roman Abramovich who is believed to be the 11th richest man in Russia with a net worth of around $13.5 billion. He is also famous as the owner of the Chelsea soccer club; however, the 56-year-old announced yesterday that he’s selling the club due to the ongoing war and its repercussions. But there’s growing demand to cease more of his possessions that’s worth billions of dollars. Here are some of the impressive and ultra-expensive toys owned by Abramovich that are under the threat of being impounded due to strict sanctions.

Boeing 787-8 Dreamliner ($350 million)
Abramovich’s privately owned Boeing 787 Dreamliner is the latest toy to be added to his multi-billion-dollar fleet. The aircraft is also considered to be the most expensive private jet in the world with a base price of $250 million and additional customization and equipment adding another $100 million to the cost. The Dreamliner was reportedly delivered to the Russian tycoon last year and is originally believed to be built in 2015 for PrivatAir, a Swiss airline operator that went bankrupt in 2018.