May 5, 2022 - World

U.S. says superyacht owned by Russian oligarch seized in Fiji

The Amadea megayacht owned by Russian oligarch Suleiman Kerimov.
American officials say the Amadea megayacht is owned by Russian oligarch Suleiman Kerimov. Photo: Department of Justice

Fiji's government seized a $300 million yacht that American officials say belongs to sanctioned Russian oligarch Suleiman Kerimov, the Department of Justice announced Thursday.

Why it matters: Kerimov is an official in the Russian government who controls the largest gold producer in the country and has been sanctioned by the U.S. and European Union for money laundering and tax evasion.

  • A Fijian court ruled earlier this week that the 348-foot luxury vessel could be seized at the request of the U.S. government.

The big picture: The Department of Justice created a task force in March to enforce sanctions, including asset seizures, placed on Russian officials for facilitating the Kremlin's unprovoked invasion of Ukraine.

Go deeper: How many Russian oligarchs' yachts have been seized so far

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