Confiscated Russian assets will be transferred to Ukraine for the first time.

The US Attorney General’s Office announced the first transfer to Ukraine of confiscated assets seized from Russian oligarch Konstantin Malofeev, said the US Attorney General, Merrick Garland. On February 2, US District Judge Paul Gardefe in Manhattan federal court allowed prosecutors to seize $5.4M of Malofeev’s assets. At the same time, official charges were brought against the oligarch in the US for attempts to circumvent sanctions. Garland explained that, according to his decision, the confiscated funds will be transferred to the State Department to support the people of Ukraine. Russian billionaire and head of the Tsargrad media group, Malofeev, is considered one of the main organizers of the Russian occupation of part of the Ukrainian Donbas in 2014 and a sponsor of the terrorist regime.