The US wants to auction off an oligarch's seized $300 million yacht that's been racking up $600,000 a month in maintenance

Tue, 02/13/2024 - 04:45

The $300 million megayacht Amadea, which US authorities seized and say is owned by a sanctioned Russian oligarch.
Eugene Tanner / Getty Images

The US wants to auction a $300 million superyacht seized from a Russian oligarch due to high maintenance costs.
The yacht, allegedly owned by sanctioned billionaire Suleiman Kerimov, was seized in Fiji and then moved to the US.
Another Russian oligarch, Eduard Khudainatov, claims to own the yacht and wants it back.

The US wants to sell a $300 million superyacht seized from a Russian oligarch because it's getting too expensive to maintain it, a court filing from Friday shows.