The planned seizure of jets belonging to Russian oligarch Roman Abramovich is the latest U.S. government response to the invasion of Ukraine.
Highlights
- The Boeing 787-8 Dreamliner and a Gulfstream G650ER are valued at more than $400 million.
- The Commerce Department’s Bureau of Industry is seeking penalties of up to twice the value of the aircraft.
- The move is the latest in a series of sanctions and economic attacks by the U.S.
- government and other Western countries on Russian billionaires in response to their nation’s invasion of Ukraine.
- The Boeing, which according to court records is worth a whopping $350 million, is currently in Dubai, in the United Arab Emirates.
- The Gulfstream is in Russia, according to the court records.