A federal district judge in New York ruled on February 2 that prosecutors may seize $5.4 million belonging to Russian oligarch Konstantin Malofeyev, paving the way for the funds to be used to help rebuild Ukraine. The ruling marked the first forfeiture order for a Russian oligarch's assets since the Justice Department in 2022 launched a task force aimed at squeezing the finances of Russian President Vladimir Putin's allies in response to the invasion of Ukraine. U.S. authorities have accused Malofeyev of financing separatists in Crimea. Malofeyev has denied financing the separatists. To read the original story by Reuters, click here.
U.S. Judge Clears Way For Seizure Of $5.4 Million In Assets Belonging To Russian Oligarch
Konstantin Malofeyev (file photo)