The USA Seized $5.4 Mln From the Russian Oligarch Malofeev

by Meifan Honcharuk
Monday, May 15, 2023
The USA Seized $5.4 Mln From the Russian Oligarch Malofeev

He is the direct perpetrator and sponsor of the Russian war against Ukraine since 2014

On May 11, the US Department of justice announced the confiscation of assets of Russian oligarch Konstantin Malofeev in the amount of $5.4 million. He is the head of the propaganda information resource Tsargrad and is directly responsible for the Russian attack on Ukraine in 2014. Malofeev sponsored both the start and the continuation of this bloodshed.

"Although this is the first transfer by the United States of confiscated Russian assets for the reconstruction of Ukraine, it will not be the last," US attorney general Merrick Garland.

Due to anti-Ukrainian activities and violation of sanctions, the American court allowed the confiscation of Malofeev's frozen assets at the beginning of February 2023. The funds will be sent to the Ukraine Relief, Recovery, Reconstruction, and Reform Trust Fund. The case set a precedent for further seizure and use of assets in the US and possibly other countries.

A representative of the Verkhovna Rada's legal policy committee believes that a million Russian oligarchs can start serving in the restoration of Ukraine shortly.

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