Fiji on behalf of the US confiscated the yacht of the Russian tycoon
Fiji on behalf of the United States confiscated a superyacht 300 million USD of Russian billionaire Kerimov, in an effort to punish the country’s oligarchs.
Judicial America On May 5, it was announced that the Fijian government had confiscated the billionaire’s superyacht Amadea, more than 100 meters long Russia Suleyman Kerimov on the grounds of “violating American law”.
“The seizure of this yacht shows the Russian oligarchs that they cannot hide, even in the most remote corners of the world. We will use all means to enforce sanctions against them. Russia’s campaign in Ukraine,” US Deputy Attorney General Lisa Monaco said in a statement.
US Attorney General Merrick Garland also affirmed that “nowhere can hide the assets of individuals who violate US law”.
Superyacht Amadea docked at Queens Wharf in Lautoka, Fiji, on April 13. Image: AP.
Lawyers representing Russian billionaire Kerimov have not commented on the incident.
Billionaire Kerimov, one of the richest people in Russia, built a business empire by mining gold. He is a senator representing the Russian Republic of Dagestan and is said to have close ties to President Vladimir Putin. Forbes estimates he has a fortune of $13 billion. Kerimov was sanctioned by the US, UK and European Union (EU) in early March.
The Amadea yacht, built in 2016 by the German shipyard Lurssen, can accommodate 18 guests and 36 crew members. Facilities include a swimming pool, hot tub, helipad and a garden on the deck. It arrived in Fiji last month, 18 days after moving from Mexico.
Western countries have repeatedly confiscated yachts of Russian tycoons. In March, the French Ministry of Finance seize Amore Vero, a $281 million superyacht owned by Igor Sechin, the chief executive officer of Russian oil giant Rosneft. In April, Spain also confiscated a $90 million yacht of a Russian billionaire at the request of Washington.
US President Joe Biden has proposed liquidating the confiscated assets of Russian oligarchs and using the money to support Ukraine. The proposal would require major law reform because under current US regulations, Washington can only seize but not liquidate the assets of individuals subject to sanctions.
Ngoc Anh (According to Washington Post)
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