Russian oligarch ordered to forfeit $5.4M to U.S., Ukraine may get funds

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Russian oligarch ordered to forfeit $5.4M to U.S., Ukraine may get funds
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U.S. prosecutors may confiscate US$5.4 million belonging to sanctioned Russian businessman Konstantin Malofeyev, a judge ruled on Thursday.

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U.S. authorities have accused Malofeyev, the owner of Christian Orthodox television channel Tsargrad TV, of financing separatists in Crimea, which Russia annexed in 2014. Andrew Adams, head of the DOJ’s KleptoCapture task force, said last month that the first forfeited funds could be transferred to Ukraine shortly.

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