It’s too early to sell the yacht of oligarch Suleiman Kerimov

A US court did not allow the federal government to sell the confiscated Amadea yacht.
15.06.2024
Origin source
A federal court in the Southern District of New York has denied the US government the right to sell the confiscated Amadea yacht. This yacht is associated with Russian entrepreneur, member of the Federation Council Suleiman Kerimov.

The court decision was made on June 11, reported the Voice of America radio station (recognized as a foreign agent in the Russian Federation). The judge ruled that the costs of maintaining the yacht were not excessive. This decision may be appealed.

The 348-foot (106 m) Amadea was seized in Fiji in April 2022 at the request of the United States. Bloomberg reported that the maintenance of the yacht costs the American authorities $600 thousand per month. This amount includes $360 thousand for crew pay, $75 thousand for fuel and $165 thousand for maintenance. Due to high costs, the United States wanted to sell the yacht through the court. The former head of Rosneft, Eduard Khudainatov, insisted that he is the actual owner of Amadea. His lawyers promised that he would reimburse the US for expenses if the ship was returned to him.