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☆ US has spent about $20 million to maintain superyacht seized from a Russian oligarch
▼ + stars: | 2024-03-06 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —The US government is spending nearly $1 million a month to maintain a luxury superyacht seized from a sanctioned Russian oligarch as part of the Justice Department’s effort to put pressure on the Kremlin. The superyacht was seized while docked in a port in Fiji in 2022 by local law enforcement officials and the FBI. Now, federal prosecutors have asked a judge for permission to sell the vessel saying its expenses are excessive and has cost the government about $20 million, according to recent court filings. The monthly costs total roughly $600,000 to maintain the yacht, plus $144,000 in insurance, according to court records. Maintaining the Amadea is certainly expensive, and Claimants never intended for U.S. taxpayers to shoulder that burden.

Persons: Suleiman Kerimov, Eduard Khudainatov, they’ve “ Organizations: CNN, Kremlin, FBI, US Marshals Service, Millemarin Investments, ” Prosecutors Locations: Russian, Fiji, San Diego

☆ The US wants to auction off an oligarch's seized $300 million yacht that's been racking up $600,000 a month in maintenance
▼ + stars: | 2024-02-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The US wants to auction a $300 million superyacht seized from a Russian oligarch due to high maintenance costs. Another Russian oligarch, Eduard Khudainatov, claims to own the yacht and wants it back. AdvertisementThe US wants to sell a $300 million superyacht seized from a Russian oligarch because it's getting too expensive to maintain it, a court filing from Friday shows. The problem is that another Russian oligarch, Eduard Khudainatov, claims to own the yacht and wants the vessel back. They told Bloomberg in a statement that the seizure was "unlawful" and that their client would pay the US back for the maintenance of the Amadea yacht.

Persons: Suleiman Kerimov, Eduard Khudainatov, —, it's, Amadea, Khudainatov hasn't Organizations: Service, US Department of Justice, US, Khudainatov, Bloomberg, Court, Southern District of Locations: Fiji, Russian, Southern District, Southern District of New York

☆ The US wants a Russian oligarch's seized $300 million superyacht that features an infinity pool, a movie theater, and a helicopter landing pad
▼ + stars: | 2023-10-24 | by ( Paul Squire | Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The US has filed a civil forfeiture case against a $300 million superyacht it alleges is owned by a Russian oligarch. The superyacht was seized in Fiji in 2022 and features an infinity pool and a helicopter landing pad. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe ship was then seized by the US Department of Justice and moved to California where it remains docked. Khudainatov's lawyers told Reuters that they've filed a lawsuit in the US as well seeking to get the superyacht back.

Persons: Suleiman Kerimov, —, Damian Williams, Kerimov, Vladimir Putin, Williams, Andrew Adams, Adams, Eduard Khudainatov, hasn't, they've Organizations: US, Service, BBC, US Department of Justice, Reuters Locations: Russian, Fiji, Ukraine, Vladivostok, North Korea, California

☆ US Says It Wants Forfeiture of Billionaire Russian Oligarch's $300 Million Superyacht
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Luc CohenNEW YORK (Reuters) - The United States on Monday sought the forfeiture of a $300 million superyacht it says is controlled by billionaire Russian oligarch Suleiman Kerimov, who is under U.S. sanctions. He amassed much of his wealth through a stake in Russian gold producer Polyus. Kerimov was sanctioned by the U.S. Treasury Department in 2014 and 2018 in response to Russia's activities in Syria and Ukraine. Those sanctions barred Kerimov from accessing the U.S. financial system. A spokesman for Khudainatov said in a statement on Monday that the vessel was "unlawfully seized" by the DOJ.

Persons: Luc Cohen NEW, Russian oligarch Suleiman Kerimov, Vladimir Putin, Kerimov, Polyus, Eduard Khudainatov, Evgeny Kochman, Kochman, Khudainatov, Luc Cohen, Jonathan Oatis Organizations: Luc Cohen NEW YORK, Authorities, Ukraine, Forbes, U.S . Treasury Department, U.S . Department of Justice, Millemarin Investments, Yachts, Prosecutors, DOJ Locations: United States, U.S, Fiji, Washington, Moscow, Manhattan, United, San Diego, Ukraine, Syria, Russian, Millemarin, New York

☆ A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.
▼ + stars: | 2023-08-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Scheherazade, a $700 million superyacht linked to Russian President Putin, is being refitted in Italy. Italy seized the yacht in 2022 following sweeping sanctions against Russia over the Ukraine war. A $700 million superyacht reportedly linked to Russian President Vladimir Putin is sitting in an Italian port and being refitted on the unnamed owner's dime, the Financial Times reported Sunday. US authorities believe the superyacht could belong to Putin, The New York Times reported in March last year. Other Russian oligarch-linked yachts that have been seized include the $81 million Alfa Nero and the $48 million Phi.

Persons: Putin, Vladimir Putin, It's, Eduard Khudainatov, Alexei Navalny, Nero Organizations: Russia, Financial Times, Marina di, Sea Group, Bloomberg, The New York Times, Kremlin, Phi, Italian Sea Group Locations: Italy, Ukraine, Marina, Milan, Russian

In Spain, six vessels were frozen following sanctions imposed after Russia's invasion of Ukraine in February. The "majority" of the owners are paying their maintenance, crew, docking and insurance fees, a source with knowledge of the matter said. In March, Spain's Prime Minister Pedro Sanchez vowed, when announcing the freezing of one yacht in Spain, to hit Putin's allies "decisively" and "hard". read more read moreProposals by the United States and European Union to sell seized Russian assets and give the proceeds to Ukraine have stalled. In France, five yachts have been frozen.

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