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World News | U.S. obtains warrant to seize Russian firm’s Boeing 737

The LATAM Airlines plane hit the vehicle on the runway (Image: Twitter / @AirCrash_)

NEW YORK, March 9 (AP) — A New York federal court authorized the seizure of a $25 million Boeing 737 owned by a Russian energy company over U.S. sanctions over Russia’s invasion of Ukraine, U.S. authorities said Wednesday.

The plane is owned by PJSC Rosneft Oil Co., a Moscow-based company headed by sanctioned oligarch Igor Ivanovich Sechin.

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The court found the plane had not entered the United States since 2014 and could be seized by the United States for violating the Export Control Reform Act.

“Today’s law enforcement action demonstrates that there is a price to pay for Russian companies and oligarchs blatantly evading U.S. sanctions for an unjust war waged against the people of Ukraine,” said U.S. Attorney Breon Peace in Brooklyn . in the press release.

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Rosneft did not immediately respond to an email seeking comment.

The move is part of Russia’s waning fortunes following its invasion of Ukraine.

The peace office said the company violated sanctions that bar U.S.-made aircraft from entering Russia without a permit. The plane has left and re-entered Russia at least seven times since Russian sanctions went into effect in February 2022.

It was last seen in the United States in March 2014 and is now believed to be in or to and from Russia, U.S. officials said. (Associated Press)

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)

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