EconomyLens.com
No Result
View All Result
Saturday, August 8, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Russian oligarch’s superyacht could be auctioned in US

Thomas Barnes by Thomas Barnes
March 10, 2025
in Other
Reading Time: 3 mins read
A A
0
42
SHARES
527
VIEWS
Share on FacebookShare on Twitter

The Amadea, a superyacht that belonged to Russian billionaire Suleiman Kerimov and was seized by the US authorities, may be headed to the auction block. ©AFP

New York (AFP) – A luxurious superyacht that belonged to Russian billionaire Suleiman Kerimov may be headed to the auction block after a US judge on Monday dismissed a competing claim to ownership of the $300 million vessel. The 348-foot (106-metre) Amadea has been docked in the California port of San Diego after it was seized by US authorities from the sanctioned Russian oligarch.

Related

Apple and OpenAI escalate legal battle over devices

Trump renews effort to remove US Fed Governor Lisa Cook

Dollar drops, stocks climb after surprise US jobs miss

US unexpectedly loses jobs in blow to Trump ahead of midterms

European stocks rise before US jobs report

Another wealthy Russian, Eduard Khudainatov, the former head of Russian state oil and gas company Rosneft, claimed in a New York court to be the rightful owner of the vessel, but his claim was dismissed by District Judge Dale Ho. According to prosecutors, Khudainatov was a “straw owner” of the Amadea and the true owner was Kerimov, a close ally of Russian President Vladimir Putin who was sanctioned by the United States in 2018 and again in 2022 after the Russian invasion of Ukraine.

Following the invasion, the US Justice Department under then-president Joe Biden began seizing the assets of Russian oligarchs close to Putin, an operation known as Task Force KleptoCapture. President Donald Trump disbanded the task force after taking office. The US Congress passed legislation last year that allows for the sale of seized Russian assets, with the proceeds going to provide humanitarian assistance to Ukraine.

The Amadea, which has a helipad, pool, jacuzzi, and “winter garden” on deck, according to the website superyachtfan.com, was seized in Fiji in April 2022 at the request of US authorities and later transferred to San Diego.

© 2024 AFP

Share17Tweet11Share3Pin4Send
Previous Post

One missing after cargo ship, tanker collide in North Sea

Next Post

Trump’s energy chief vows reversal of Biden climate policies

Thomas Barnes

Thomas Barnes

Related Posts

Other

Meta ordered to pay $567 mn in US over ‘public nuisance’ child harm

August 7, 2026
Other

Oil price shoots up as stocks tread water

August 7, 2026
Other

Britain’s EasyJet flies into US hands as takeover confirmed

August 6, 2026
Other

Rheinmetall sales keep surging despite cancelled naval frigate project

August 6, 2026
Other

Stocks tread water with earnings, tech in focus

August 6, 2026
Other

Stocks mixed with tech firms back under pressure

August 6, 2026
Next Post

Trump's energy chief vows reversal of Biden climate policies

Search ends for missing crew member after North Sea collision

Asian markets track Wall St lower as Trump-fuelled economy fears build

Trump says will buy a Tesla to show support for Musk

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Apple and OpenAI escalate legal battle over devices

August 7, 2026

Amazon behind massive private gas plant for new data centers

August 7, 2026

Trump renews effort to remove US Fed Governor Lisa Cook

August 7, 2026

Dollar drops, stocks climb as weak US jobs data eases rate fears

August 7, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.