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Court in Fiji approves U.S. warrant to seize Russian-owned mega-yacht

American and Fijian officials claim the $325 million Amadea is owned by sanctioned billionaire Suleiman Kerimov.

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American and Fijian officials claim the $325 million Amadea is owned by sanctioned billionaire Suleiman Kerimov.

Highlights

  • American and Fijian officials claim the $325 million Amadea is the property of Suleiman Kerimov, an oligarch who built his fortune on gold mining.
  • Kerimov was sanctioned in March by the United States, United Kingdom and European Union in response to the Russian invasion of Ukraine.
  • The Cayman Islands-flagged yacht berthed in Fiji on April 13, according to local reports and maritime analytics website Marine Traffic.
  • The company the ship is registered to, Millemarin Investments, said it’s not owned by Kerimov.
  • Instead, he argued in court that corporate paperwork traces the ship’s ownership to a former executive at Russia’s state-owned Rosneft oil company.