US Attorney General Merrick Garland approved the first-ever confiscation of Russian oligarch assets for transfer to Ukraine, specifically funds seized from Konstantin Malofeyev's account at a US financial institution traceable to sanctions violations.
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US approved confiscation of Russian oligarch assets for first time, to be transferred for Ukraine's reconstruction
Decision follows last year's indictment of Konstantin Malofeyev for violating sanctions imposed in response to Moscow's annexation of Crimea in 2014
Millions of dollars were seized from an account traceable to Malofeyev's sanctions violations
In February, Garland authorized the use of funds in Ukraine to remediate harms of Russia's war
US Attorney General Merrick Garland approved the first transfer of forfeited Russian oligarch assets to Ukraine.
The funds belong to sanctioned Russian oligarch Konstantin Malofeyev, accused of funding Russian proxies in Crimea in 2014.
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Extraction metadata
Extracted: 2026-05-30T04:21:06.296Z
Source story: 7401650