US Obtains Warrant to Seize Two of Roman Abramovich’s Private Planes
The US has authorized the seizure of a Boeing 787-8 and a Gulfstream G650ER owned by Russian oligarch Roman Abramovich, pursuant to a seizure warrant from the U.S. District Court for the Southern District of New York, which found that the airplanes are subject to seizure and forfeiture based on probable cause of violations of the Export Control Reform Act (ECRA) and the recent sanctions issued against Russia.
According to the seizure warrant and affidavit unsealed today:
The Boeing and the Gulfstream each were reexported to Russia (i.e., flown from a foreign country to Russia) in violation of the ECRA and regulations issued thereunder, including the recent Russia sanctions. The Boeing was flown to Russia on March 4, 2022 without a BIS license, and is now in the United Arab Emirates. The Gulfstream was flown to Russia on March 12 and 15, 2022 without a BIS license, and remains in Russia. The Boeing and Gulfstream are owned and controlled by Roman Abramovich, a Russia national, through a series of shell companies in Cyprus, Jersey, and the British Virgin Islands.
The Boeing 787 Dreamliner, bearing tail number P4-BDL and serial number 37306, is believed to be worth $350 million.
The Gulfstream G650ER, bearing tail number LX-RAY and serial number 6417, is believed to be worth $60 million.
Abramovich has been hemorrhaging assets since the Ukraine invasion. He has been forced to sell his soccer team, had 12 of his French properties confiscated, sent his two superyachts to the Mediterranean to avoid seizure, and the island nation of Jersey has frozen $7 billion worth of his assets. The only good news? Abramovich has not personally been sanctioned by the US. At least not yet.