Russian Tycoon Malofeev Indicted by U.S. for Sanctions Violations Over Ukraine

  • U.S. announces charges as Russia pursues war in Ukraine
  • Charges part of Justice Department’s KleptoCapture Taskforce
The U.S. Justice Department indicts a Russian oligarch for sanction violations.Source: Bloomberg
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The Justice Department unsealed an indictment against Konstantin Malofeev for sanctions violations, the first U.S. charges against a Russian tycoon since the invasion of Ukraine.

The announcement came in a news conference Wednesday by Attorney General Merrick Garland, in which he said the U.S. had seized millions of dollars from an account traced to Malofeev. Garland also said the department is collecting evidence of war crimes.