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Britain seizes 2 of Russian billionaire's jets

Published March 26,2022
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Britain has seized two jet aircraft belonging to Russian billionaire Eugene Shvidler as Western governments seek to end the war in Ukraine putting pressure on Russian President Vladimir Putin by targeting the luxury lifestyles of his closest supporters.

Treasury Secretary Grant Shapps said Saturday that the two aircraft would be detained "indefinitely" after three-week investigation that had already grounded the planes. The Times of London described the aircraft as a $45 million Bombardier Global 6500 and a $13 million Cessna Citation Latitude.

"Putin's friends who made millions out of his regime will not enjoy luxuries whilst innocent people die," Shapps said on Twitter.

The U.K. froze Shvidler's U.K. assets last week as it announced a new round of sanctions on Russian companies and wealthy individuals. Shvidler was sanctioned because of his links to those who have backed the war in Ukraine and because he has profited from his support for the Putin regime, the U.K. said.