For the first time, the USA is transferring assets confiscated from a Russian oligarch to Ukraine
US Attorney General Merrick Garland approved the transfer to Ukraine of the confiscated assets of Konstantin Malofeev, a sanctioned businessman close to the Russian authorities. This is the first case of the transfer of funds confiscated in the USA by Russian oligarchs to Ukraine, Reuters reports.
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“Although this is the first transfer by the United States of confiscated Russian funds for the reconstruction of Ukraine, it will not be the last,” Garland said.
Last year, the US Department of Justice accused Malofeev of violating sanctions imposed on Russia in response to its invasion of Ukraine. According to the American Ministry of Justice, Malofeev financed Russian agents who incited separatist sentiments in Crimea.
According to Garland, then “millions of dollars were confiscated from an account in a US financial institution related to Malofeev’s violation of sanctions.”
In February, the American court decided to confiscate $5.4 million belonging to sanctioned Russian businessman Konstantin Malofeev.
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Author: News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance