U.S. Attorney General Merrick Garland has authorized the first transfer of forfeited Russian assets for use in Ukraine's fight against Russia's full-scale invasion. Garland said on May 10 that while it would be the United States’ first transfer of forfeited Russian funds, “it will not be the last.” The Justice Department last year charged Russian oligarch Konstantin Malofeyev with violating sanctions imposed on Russia after its invasion of Ukraine. Garland at the time said the seizure was millions of dollars in a U.S. financial institution that was “traceable to Malofeyev’s sanctions violations." To read the original story by Reuters, click here.
U.S. Attorney General OKs Transfer Of Russian Oligarch's Funds For Use In Ukraine
Russian oligarch Konstantin Malofeyev (file photo)