The Civil Guard detained last Friday when landing at Madrid’s Barajas airport a British citizen wanted by US authorities for breaching the sanctions imposed on Russia after the invasion of Ukraine last February.
The arrested, Richard Masters, is the administrator of a company based in Palma de Mallorca dedicated to the management and maintenance of boats. Among them was a yacht owned by a Russian citizen on whom a ban on operations in markets and with US banks weighs, the General Directorate of the Civil Guard reported on Monday.
The British citizen is accused of fraud and money laundering in favor of the sanctioned, owner of a Russian commercial conglomerate with influence in the oil, energy and telecommunications sectors.
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“The company of the detainee provided services aimed at satisfying the personal needs of the owner and users of the yacht with knowledge of the existence of existing sanctions and prohibitions on this person,” says the Civil Guard.
According to the US authorities, the now detained provided “services and goods” to the businessmanhis entourage and his yacht worth more than $485,000, according to US authorities.
The US Office of Foreign Assets Control (OFAC) had sanctioned the Russian citizen for the first time after the annexation of the Crimean peninsula in 2014, and for the second time after the invasion of Ukraine.
The reason for the sanction was his actions “for or in favor” of the Russian government, as well as his “operations of a technological nature” in the country.
After the investigation in the framework of Operation Magnolia, the Civil Guard, in collaboration with the FBI and the Homeland Security Investigation (HSI), detained the British citizen as soon as he landed at the Adolfo Suárez Madrid-Barajas airport.
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