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Superyacht of Russian gold mining tycoon confiscated

Two days earlier, a Fiji court had approved a US seizure warrant for Amadea, a yacht that US officials confirmed belonged to billionaire Suleiman Kerimov, a gold mining tycoon.

Billionaire Kerimov was placed on the sanctions list in March by the US, UK and the European Union (EU), after Russia launched a special military operation against Ukraine.

The US State Department said Fijian authorities seized the Cayman Islands-flagged yacht Amadea on May 5.

The superyacht of the Russian gold mining tycoon was confiscated - Photo 1.

Superyacht Amadea worth more than 300 million USD. Photo: US Department of Justice

The Fiji court’s ruling came despite objections from an attorney for Millemarin Investments (Cayman Islands), where Amadea is registered.

This lawyer emphasized that Amadea is not owned by billionaire Kerimov, but by Eduard Khudainatov, the former CEO of Russian state-owned oil company Rosneft.

Billionaire Kerimov and Mr Khudainatov, who have not been punished by the West, have yet to comment on the case.

Millemarin Investments has objected to the decision on May 5, and the Fiji court is expected to rule in an appeal hearing on May 6.

The superyacht of the Russian gold mining tycoon was confiscated - Photo 2.

It remains unclear why Fijian authorities confiscated Amadea before a ruling on the appeal was made. Fiji’s top prosecutor’s office has not yet responded to .’s request for comment CBS News.

According to local media and marine analysis website Marine Traffic, the yacht Amadea docked in Fiji on April 13. On the same day, a US federal judge approved the arrest warrant for Amadea and on April 19, Fiji’s top prosecutor issued an order banning the yacht from leaving.

The arrest warrant states that Amadea “traveled from the Caribbean, through the Panama Canal, to Mexico and then Fiji”. According to US officials, this route may mean that billionaire Kerimov is likely “planning to bring Amadea to Russia in an effort to prevent the US from confiscating the yacht”.

The superyacht of the Russian gold mining tycoon was confiscated - Photo 3.

Billionaire Suleiman Kerimov was placed on a Western sanctions list in March, accused of having close ties to the Kremlin. Photo: Reuters

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