Skip to content
Edit post

US seeks to confiscate $300-million yacht of Russian oligarch Suleyman Kerimov

by Martin Fornusek October 23, 2023 9:22 PM 2 min read
Russian businessman, billionaire and politician Suleyman Kerimov attends a meeting in Grand Kremlin Palace in Moscow, Russia, on Dec. 4, 2014 (Sasha Mordovets/Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

U.S. prosecutors have filed a civil forfeiture lawsuit against the superyacht Amadea, worth around $300 million and beneficially owned by sanctioned Russian oligarch Suleyman Kerimov, the U.S. Justice Department said on Oct. 23.

Kerimov, sanctioned by the Treasury Department in 2014 and 2018 in response to Russia's activities in Ukraine and Syria, reportedly purchased Amadea through front companies in 2021.

The Dagestan-born oligarch and his family have taken "multiple trips aboard the Amadea, planned extensive renovations to the Amadea, made long-term plans for the Amadea's travel schedule, and assumed all liability and responsibility for the Amadea's upkeep and running costs," the Justice Department said.

The yacht was seized by the Fijian authorities in the spring of 2022 and is now docked in San Diego, under the control of the U.S. government.

The lawsuit is expected to start a long judicial process, upon which the U.S. will likely seek the ownership of the yacht in order to auction it and transfer proceeds to Ukraine, Reuters reported.

Kerimov amassed much of his wealth through a stake in Russian gold producer Polyus. Forbes estimates the net worth of the oligarch and his family at $10.7 billion.

Investigative Stories from Ukraine: Russian oligarchs continue luxurious life in London despite sanctions
Welcome to Investigative Stories from Ukraine, the Kyiv Independent’s newsletter that walks you through the most prominent investigations of the past week. If you are fond of in-depth journalism that exposes war crimes, corruption and abuse of power across state organizations in Ukraine and beyond,…
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
1:00 PM

Ukraine can use Belgian F-16s only on Ukrainian territory, Belgian PM says.

"Everything which is covered by this agreement... is for the utilization by the Ukrainian defense forces on Ukrainian territory," Prime Minister Alexander De Croo responded to a journalist's question about whether Ukraine will be able to use Belgian F-16 jets to down Russian jets in Russian airspace.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.