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The US is about to seize the planes of Russian billionaire Abramovich

Russian billionaire Abramovich is not afraid to spend hundreds of millions of pounds on his lavish personal hobby. Photo: Daily Star

On the same day, a US court issued a warrant to confiscate two luxury planes owned by Mr. Abramovich. Two planes worth more than $400 million.

A federal judge in Manhattan (New York, USA) issued an arrest warrant on the grounds that the recent flights violated US export controls imposed after the Russia-Ukraine conflict broke out in December. February.

Billionaire Abramovich, 55, is worth an estimated $12.5 billion thanks to his activities in the oil, steel, aluminum and other industries. Mr. Abramovich is said to maintain close relationships with top Russian officials, including President Putin.

Abramovich holds Russian and Israeli citizenship, and is believed to have Portuguese citizenship. Mr. Abramovich may have moved most of his wealth out of Russia, but retains substantial interests at home.

After Russia launched a special military operation to “demilitarize and de-fascist Ukraine”, Mr. Abramovich was affected by a series of sanctions issued by European countries.

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