$300 Million Superyacht Owned by Russian Oligarch Seized in Fiji

  • The Amadea, a superyacht owned by Russian oligarch Suleyman Kerimov, has been seized by Fiji.
  • The $300 million luxurious vessel spent over 18 days traversing the Pacific Ocean from Mexico to Fiji.
  • Kerimov has been described as “a member of the internal circle of oligarchs” near Putin.

The Fijian authorities have seized the Amadea, a $300 million luxurious superyacht owned by sanctioned Russian oligarch Suleyman Kerimov.

In response to a Thursday information launch from the Division of Justice, Fiji’s legislation enforcement authorities carried out the seizure after a warrant was issued by a neighborhood courtroom. The Amadea is at present docked in Lautoka, Fiji. 

“This yacht seizure ought to inform each corrupt Russian oligarch that they can not conceal – not even within the remotest a part of the world. We’ll use each technique of imposing the sanctions imposed in response to Russia’s unprovoked and unjustified battle in Ukraine,” stated Deputy Lawyer Common Lisa Monaco, per the discharge.

The Amadea’s seizure comes after the vessel made an epic journey from Mexico to Fiji. It spent 18 days crossing the Pacific Ocean earlier than lastly docking at Lautoka’s port on April 13.

The luxurious superyacht is alleged to have a gymnasium, magnificence salon, bar, and glass elevator. It additionally comes fitted with an infinity pool and a helipad.

Reuters reported in April that native authorities had questioned the Amadea’s captain about how the vessel may make it into Fiji’s waters with out being cleared by customs.

The US filed purposes to grab the yacht on April 19. A Fijian courtroom granted an order the next day to stop the superyacht from leaving its waters. Permission for the US to grab the yacht was given earlier this week

Kerimov owns Nafta Moscow, a Russian monetary group, whereas his household has a controlling stake in Polyus Gold, which claims to be Russia’s greatest gold producer.

He was sanctioned by the US in 2018 and designated to be “an official of the Authorities of the Russian Federation.” The Russian billionaire was additionally sanctioned by the EU and UK on March 15, for being “a member of the internal circle of oligarchs” near Putin.

Kerimov is considered among the many prime 10 wealthiest individuals in Russia, along with his estimated

internet price

pegged at $14.5 billion by the Bloomberg Billionaire Index

A number of Russian oligarchs like Kerimov have had their belongings — starting from non-public jets to work and actual property — seized. Different sanctioned Russians have additionally tried to maneuver their yachts to lower-risk ports to keep away from seizure.

In April, the US seized the Tango, one other superyacht believed to be owned by Russian oligarch Viktor Vekselberg.

In response to the information launch, the Amadea’s seizure was coordinated by KleptoCapture, a job pressure within the DOJ, in collaboration with international allies. 

KleptoCapture’s director Andrew Adams stated the seizure happened “almost 8,000 miles from Washington DC” and confirmed the immense attain of the DOJ, per the discharge.

He added that the duty pressure will make investments “each useful resource” potential in an “unprecedented, multinational collection of enforcement actions towards the Russian regime and its enablers.”

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