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More than 100 private jets owned by Russian oligarchs are stuck in Dubai after being flown there to escape sanctions, reports say
Dozens of private jets belonging to Russian oligarchs are effectively grounded in Dubai. The Wall Street Journal reported on a build-up of more than 100 planes at Dubai airports. Dubai may seem like a safe haven for luxury assets but sanctions effectively restrict their use. Private jets belonging to Russian oligarchs that flew to Dubai to seek refuge from sanctions, following Russia's invasion of Ukraine are effectively stuck there, The Wall Street Journal reported. It's caused a… (www.yahoo.com) More...
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Seize 'em, sell 'em, and put the proceeds in an escrow account to help Ukraine rebuild. Screw the oligarchs.
I can understand the sentiment, but for us (presuming you're in the U.S., E.U., or U.K.) entering a foreign nation over which we have no legal jurisdiction and seizing the property of foreign nationals over whom we have no legal jurisdiction would be ill-advised.
What I mean is that it should be an international effort. Assets of the Russian oligarchs should be seized wherever they happen to be by appropriate local authorities according to the laws of those nations (or international law), then sold by those nations, and the proceeds pooled in a escrow account for the benefit of the Ukrainian people. I did not intend to mean that the U.S. should do it single-handedly.
Be careful what you wish for. We either agree that we're ruled by laws and entitled to due process or week find that property ownership laws have become obsolete for all of us.
Russian oligarchs are an easy target as everyone feels a visceral dislike for them. But if we agree to throw legal principles out due to emotion then the oligarchs become the thin end of the wedge and in time the removal of property rights will become ubiquitous.
In fact that's already happening in Canada.
We should be very careful before encouraging our own politicians to go down the same path
Russian oligarchs are an easy target as everyone feels a visceral dislike for them. But if we agree to throw legal principles out due to emotion then the oligarchs become the thin end of the wedge and in time the removal of property rights will become ubiquitous.
In fact that's already happening in Canada.
We should be very careful before encouraging our own politicians to go down the same path
Exactly my sentiment (I didn't reload the page before posting a similar comment)
Excellent point, Jon.
See here: https://www.rawstory.com/r-2657160627
Those are assets that are within the U.S. though. We have quite a bit more jurisdiction within our own borders than outside it.
Of course. See my reply to strickerje's comment.
