A US court ruled that prosecutors may confiscate $5.4 million belonging to sanctioned Russian businessman Konstantin Malofeyev. These funds could be used to rebuild war-ravaged Ukraine, Reuters reports.
The ruling on 2 February marked the first forfeiture order for a Russian oligarch’s assets since the Department of Justice in 2022 launched a task force aimed at squeezing the finances of Russian President Vladimir Putin’s allies in response to the Ukraine invasion.
The US authorities accused Malofeev, the owner of the Orthodox TV channel Tsargrad TV, of financing separatists in Crimea, which Russia annexed in 2014. Malofeev, who denied the charges, was placed under Washington’s sanctions in 2014 and was accused of violating them in 2022.