DOJ Fights to Keep $300 Million Russian Superyacht After Folding Seizure Unit
Since its seizure, Amadea has been docked in San Diego, where it costs US taxpayers almost $750,000 a month in maintenance and insurance.
Source: U.S. Department of JusticeThis article is for subscribers only.
Two days after Attorney General Pam Bondi ended a Biden administration program targeting wealthy Russians over the war in Ukraine, Justice Department lawyers argued to hold onto one of its most visible trophies, a $300 million superyacht seized in 2022.
The US has been fighting a claim that the 348-foot (106-meter) Amadea was wrongly seized as an asset of sanctioned billionaire Suleiman Kerimov. Another wealthy Russian, Eduard Khudainatov, contends that he’s the yacht’s true owner and wants it back. Justice Department lawyers on Friday urged a federal judge in New York to dismiss Khudainatov’s claim.