Eugene Shvidler, a billionaire oil tycoon and Roman Abramovich's right-hand man, has two private jets that the UK has indefinitely held.
The UK slapped targeted 65 new individuals and businesses with sanctions on Thursday, including Shvidler, who was one of the latest oligarchs to be targeted.
The Bombardier Global 6500 jet, registered as LX-Fly, was seized at the airport in southern England.
His $13 million plane has also been seized.
Grant Shapps, the transport secretary, signed new laws this month that allow the government to formally detain Russian aircraft and make it a criminal offense to move or fly their plans.
The Bombardier Global 6500 jet, which can carry 13 passengers, was seized by the UK.
The ministers are considering what to do with the jets. The Times reported that they could sell them if they wanted to.
Since Putin began his illegal assault, we have used every power at our disposal to crush his cronies who could financially benefit him. Grant Shapps told The Times that he was using the powers to detain the jets indefinitely.
This government will leave no stone unturned in trying to deprive Putin's cronies of their luxury toys after introducing these latest measures.
According to Forbes, Eugene Shvidler has a net worth of $1.6 billion.
He and Roman Abramovich bought oil giant Sibneft in 1995 in a rigged auction.
Shvidler is the chairman of Millhouse, the investment and asset management company that was bought by the Russian state-owned gas firm in 2005.
The assets of the owner of the football club in the UK have been frozen and he has been banned from travelling.