russian oligarch yacht san diego

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Superyacht seized by U.S. from Russian billionaire arrives in San Diego Bay

June 27, 2022 / 3:40 PM EDT / CBS/AP

A $325 million superyacht seized by the United States from a sanctioned Russian oligarch arrived in San Diego Bay on Monday.

The 348-foot-long (106-meter-long) Amadea flew an American flag as it sailed past the retired aircraft carrier USS Midway and under the Coronado Bridge.

"After a transpacific journey of over 5,000 miles (8,047 kilometers), the Amadea has safely docked in a port within the United States, and will remain in the custody of the U.S. government, pending its anticipated forfeiture and sale," the Department of Justice said in a statement.

The FBI linked the Amadea to the Russian oligarch Suleiman Kerimov, and the vessel became a target of Task Force KleptoCapture, launched in March to seize the assets of Russian oligarchs to put pressure on Russia to end the war in Ukraine. The U.S. said Kerimov secretly bought the vessel last year through various shell companies.

But Justice Department  officials had been stymied  by a legal effort to contest the American seizure warrant and by a yacht crew that refused to sail for the U.S. American officials won a legal battle in Fiji to take the Cayman Islands-flagged superyacht earlier this month. 

The Amadea made a stop in Honolulu Harbor en route to the U.S. mainland. The Amadea boasts  luxury features  such as a helipad, mosaic-tiled pool, lobster tank and a pizza oven, nestled in a décor of "delicate marble and stones" and "precious woods and delicate silk fabrics," according to court documents.

"The successful seizure and transport of Amadea would not have been possible without extraordinary cooperation from our foreign partners in the global effort to enforce U.S. sanctions imposed in response to Russia's unprovoked and unjustified war in Ukraine," the Justice Department said.

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Federal government moves to confiscate mega yacht seized from alleged Russian oligarch

NATIONAL CITY, Calif. (KGTV) — After letting a mega yacht seized from an alleged Russian oligarch sit in San Diego bay for nearly 18 months, the federal government is now beginning the process of trying to officially confiscate it.

The Amadea was seized in Fiji and arrived in San Diego in June of 2022. According to court documents obtained by ABC 10News, federal prosecutors allege that the yacht is owned by Suleiman Kerimov, a Russian billionaire who was sanctioned following Russia's invasion of Ukraine.

Kerimov had the ship custom-built at a reported cost of $300 million dollars. It's considered one of the most lavish mega yachts in the world. "Even in our jaded industry, the yacht behind me is a superstar," said yacht expert Todd Roberts, President of Marine Group Boat Works, a ship yard in Chula Vista that works on mega yachts, though not contracted to work on the Amadea.

While the government may hope to win the case to confiscate the yacht and sell it, that may be a tricky proposition. “Nobody really wants international law to be designed in a way where countries can just sort of seize other country’s assets and actually confiscate them," explained University of San Diego law professor Craig Barkacs.

He says it is not legally clear that the United States has the right to confiscate the ship, even after seizing it. There are a number of United States and international laws that could be at play. He points out that the seizure of the ship for violating sanctions is more of a political decision than a legal one.

Even the ownership of Amadea by Kerimov is being challenged, with a counter lawsuit filed on behalf of another man who claims to be owner of the yacht. Barkacs says the court battle could last a long time. “The answer to your question is, I don’t want to sound too cynical here, but 'in perpetuity' comes to mind.”

Meanwhile, the government is stuck with the ship. Roberts says it must be maintained because letting it rot would lead to leaks and environmental damage to the bay. He estimates the cost of paying for fuel to power the generators, plus maintenance, and the salaries of the 20-30 person crew living full-time on the yacht to be between $4-6 million annually.

If it wins in court, the government could sell Amadea to recoup its money. But for now, it will remain parked in its spot next to Pepper Park.

“If the boat’s going to sit anywhere, it’s great that it’s here in San Diego," Roberts said.

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Russian Oligarch's Seized Yacht Sails into San Diego Harbor

The yacht amadea, which boasts a helipad and swimming pool, was seized earlier this month in fiji., by eric s. page and mari payton • published june 27, 2022 • updated on june 27, 2022 at 6:48 pm.

A $325 million 350-foot yacht owned by a sanctioned "beneficiary of Russian corruption" was put into port in San Diego Monday, according to the U.S. Department of Justice.

Officials with the DOJ said the Amadea, which was seized in connection to the department's KleptoCapture campaign undertaken in the wake of the invasion of Ukraine, is owned by Suleiman Kerimov a Russian billionaire.

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The yacht, which boasts a helipad and swimming pool, was seized earlier this month in Fiji.

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“Last month, I warned that the department had its eyes on every yacht purchased with dirty money,” Deputy U.S. Attorney General Lisa O. Monaco said in May. “This yacht seizure should tell every corrupt Russian oligarch that they cannot hide – not even in the remotest part of the world. We will use every means of enforcing the sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine.”

According to CNBC , Kerimov "was sanctioned by the Treasury Department in 2018 for allegedly profiting from the Russian government through corruption and its illegal annexation of Crimea in Ukraine in 2014."

The Amadea sailed under the Coronado Bridge at around 8 a.m. on Monday before heading into a berth on the San Diego waterfront.

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“ After a transpacific journey of over 5,000 miles, the Amadea has safely docked in a port within the United States, and will remain in the custody of the U.S. government, pending its anticipated forfeiture and sale," read a statement, in part, released Monday by the DOJ.

The U.S. said Kerimov secretly bought the vessel last year through various shell companies.

The U.S. won a legal battle in Fiji to take the Cayman Islands-flagged superyacht earlier this month. The Amadea made a stop in Honolulu Harbor en route to the U.S. mainland.

After the yacht arrived in San Diego, John Kirby, a former federal prosecutor, told NBC 7 that he thinks the U.S. government hopes moves like the Amadea's seizure are efforts to apply pressure to Russian president Vladimir Putin.

Incredibly, the owners of assets like the Amadea may just walk away rather than fight ther seizure.

"A lot of times people that own these objects … they don’t want to get involved," Kirby said. "For whatever reason, they don’t want people digging around in their life. And so sometimes they just let it go," adding that such seizures are "easy a lot of times because you often have bad actors that don’t want to come forward and don’t want to claim the yacht, don’t want to litigate about it, so it could go into default judgment."

The Associated Press contributed to this report — Ed.

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U.S. Seeks Forfeiture of Russian Oligarch’s Superyacht ‘Amadea’ Docked in San Diego

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The Justice Department on Monday sought the forfeiture of a $300 million superyacht docked in San Diego that is believed to be controlled by billionaire Russian oligarch Suleiman Kerimov , who is under U.S. sanctions.

Authorities in Fiji seized the 348-foot Amadea pursuant to a U.S. warrant in May 2022 as Washington ramped up sanctions enforcement against people close to Russian President Vladimir Putin, to pressure Moscow to halt its war against Ukraine.

Monday’s complaint, filed in federal court in Manhattan, kicks off a potentially long judicial process in which the United States would seek ownership of the yacht, and then likely auction it and transfer proceeds to Ukraine.

Kerimov and his family are worth $10.7 billion, according to Forbes magazine.

He amassed much of his wealth through a stake in Russian gold producer Polyus. Kerimov was sanctioned by the U.S. Treasury Department in 2014 and 2018 in response to Russia’s activities in Syria and Ukraine. Those sanctions barred Kerimov from accessing the U.S. financial system.

Polyus was sanctioned in May 2023. The company said the sanctions were unfounded.

In Monday’s complaint, the U.S. Department of Justice said Kerimov bought the Amadea in 2021, and then violated U.S. sanctions by making more than $1 million in maintenance payments through U.S. financial institutions.

The yacht’s owners will have the chance to contest that claim in court.

Kerimov could not immediately be reached for comment.

Lawyers for the Amadea’s owner, Millemarin Investments, told a Fiji court last year that the Amadea was owned not by Kerimov but by former Rosneft chief Eduard Khudainatov, a Russian oligarch who has not been sanctioned.

Khudainatov is not named in Monday’s complaint.

U.S. prosecutors said a Sept. 14, 2021, transaction transferring ownership of the Amadea from Millemarin to a newly incorporated company, Errigan Marine, was designed to make it appear that Evgeny Kochman, the president of sanctioned yacht broker Imperial Yachts, owned the yacht.

Prosecutors said Kochman was, in fact, only a “straw owner.”

Khudainatov sued the United States on Monday in federal court in San Diego to release the yacht, according to a copy of the complaint provided by his lawyer, Adam Ford. Reuters could not immediately locate the legal papers online.

“The Amadea was seized upon false premises driven by political motivation,” Ford said in a statement.

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Russian superyacht seized by US arrives in San Diego Bay

SAN DIEGO (AP) — A $325 million superyacht seized by the United States from a sanctioned Russian oligarch arrived in San Diego Bay on Monday.

The 348-foot-long (106-meter-long) Amadea flew an American flag as it sailed past the retired aircraft carrier USS Midway and under the Coronado Bridge.

The Department of Justice said the Amadea was safely docked after a transpacific journey of over 5,000 miles (8,047 kilometers) “and will remain in the custody of the U.S. government, pending its anticipated forfeiture and sale.”

The FBI linked the Amadea to the Russian oligarch Suleiman Kerimov, and the vessel became a target of Task Force KleptoCapture, launched in March to seize the assets of Russian oligarchs to put pressure on Russia to end the war in Ukraine.

The U.S. said Kerimov secretly bought the vessel last year through various shell companies.

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The U.S. won a legal battle in Fiji to take the Cayman Islands-flagged superyacht earlier this month. The Amadea made a stop in Honolulu Harbor en route to the U.S. mainland.

“The successful seizure and transport of Amadea would not have been possible without extraordinary cooperation from our foreign partners in the global effort to enforce U.S. sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine,” the Justice Department said.

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Superyacht feds say was seized from Russian oligarch sails into San Diego

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A $300-million superyacht the U.S. seized from an alleged Russian oligarch in Fiji last month sailed into San Diego Bay on Monday morning.

Known as the Amadea, it is 348 feet long and features a helipad and swimming pool. The Department of Justice says it was owned by Suleiman Kerimov, a gold investor Forbes says is worth $14.5 billion .

It’s not clear how long the seized boat will stay in San Diego. Justice officials said the plan is to eventually sell it off.

“The successful seizure and transport of Amadea would not have been possible without extraordinary cooperation from our foreign partners in the global effort to enforce U.S. sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine,” the Department of Justice said in a statement Monday.

The U.S. sanctioned Kerimov, who was accused of money laundering related to the purchase of French villas, in 2018. The European Union sanctioned him in March 2022, the Associated Press reported.

That same month, the Department of Justice created Task Force KleptoCapture to enforce the sanctions the U.S. and its foreign allies imposed after Russia invaded Ukraine.

Two months later, on May 5, the Department of Justice announced it had seized the Amadea in Fiji. “Today’s action should make clear that there is no hiding place for the assets of individuals who violate U.S. law,” Atty. Gen. Merrick Garland said that day.

After winning a court battle in Fiji — there was a dispute over the yacht’s actual owner — the U.S. sailed the ship from the South Pacific island on June 7 .

The superyacht stopped in Hawaii last week before heading into San Diego, sailing under the San Diego-Coronado Bridge on its way to its berth Monday.

The Associated Press contributed to this report.

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Teri Figueroa covers courts, crime and breaking news for The San Diego Union-Tribune. A native Californian, she joined the North County Times in 2002, and the U-T in 2012. Figueroa reported on the 2003 and 2007 wildfires, and covered the criminal cases against Richard Tuite and John Gardner III, as well as war crimes cases. A San Diego State University graduate, Figueroa has won multiple journalism awards for her work.

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News | Superyacht feds say was seized from Russian…

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News | Superyacht feds say was seized from Russian oligarch sails into San Diego

The u.s. took control of the 348-foot boat in fiji on may 5.

The San Diego Union-Tribune

SAN DIEGO, CA - JUNE 27: A Navy boat speeds by the $300 million dollar, 348-foot luxury yacht Amadea, belonging to Suleiman Kerimov, a sanctioned Oligarch and beneficiary of Russian corruption as it sailed into San Diego Bay on Monday, June 27, 2022 in San Diego, CA. The United States announced the seizure in Fiji of the ship in May. (K.C. Alfred / The San Diego Union-Tribune)

SAN DIEGO, CA - JUNE 27: The $300 million dollar, 348-foot luxury yacht Amadea, belonging to Suleiman Kerimov, a sanctioned Oligarch and beneficiary of Russian corruption sailed into San Diego Bay on Monday, June 27, 2022 in San Diego, CA. The United States announced the seizure in Fiji of the ship in May. (K.C. Alfred / The San Diego Union-Tribune)

Known as the Amadea, it is 348-feet long, and features a helipad and a swimming pool. The U.S. Department of Justice says it was owned by Suleiman Kerimov, a gold investor Forbes says is worth $14.5 billion .

It’s not clear how long the seized boat will stay in San Diego. Justice Department officials said the plan is to eventually sell it off.

“The successful seizure and transport of Amadea would not have been possible without extraordinary cooperation from our foreign partners in the global effort to enforce U.S. sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine,” the Department of Justice said in a statement Monday.

The U.S. sanctioned Kerimov in 2018, who was accused of money laundering related to the purchase of French villas. The European Union sanctioned him in March 2022, the Associated Press reported.

That same month, the Department of Justice created Task Force KleptoCapture to enforce the sanctions the U.S. and its foreign allies imposed after Russia invaded Ukraine.

Two months later, on May 5, the Department of Justice announced it had seized the Amadea in Fiji. “Today’s action should make clear that there is no hiding place for the assets of individuals who violate U.S. law,” Attorney General Merrick Garland said that day.

After winning a court battle in Fiji — there was a dispute over the yacht’s actual owner — the U.S. sailed the ship from the South Pacific island on June 7 .

The superyacht stopped in Hawaii last week before heading into San Diego, sailing under the San-Diego-Coronado Bridge on its way to its berth Monday.

The Associated Press contributed to this story.

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Russian oligarch's yacht costs U.S. taxpayers close to $1 million a month

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings.

The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the “excessive costs” of maintenance and crew, which it said could total $922,000 a month.

“It is excessive for taxpayers to pay nearly a million dollars per month to maintain the Amadea when these expenses could be reduced to zero through [a] sale,” according to a court filing by U.S. prosecutors on Friday.

The monthly charges for Amadea, which is now docked in San Diego, California, include $600,000 per month in running costs: $360,000 for the crew; $75,000 for fuel; and $165,000 for maintenance, waste removal, food and other expenses. They also include $144,000 in monthly pro-rata insurance costs and special charges including dry-docking fees, at $178,000, bringing the total to $922,000, according to the filings.

The battle over Amadea and the costs to the government highlight the financial and legal challenges of seizing and selling assets owned by Russian oligarchs after the country’s invasion of Ukraine. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine’s war effort.

Her comments echoed government calls in the spring of 2022 to freeze the yachts, private jets and mansions of Russian billionaires in hopes of putting pressure on Russian President Vladimir Putin and raising money for the war effort.

Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly. In London, Russian billionaire Eugene Shvidler has waged a court battle over his private jets that were impounded, and Sergei Naumenko has been appealing the detention of his superyacht Phi.

The battle over Amadea began in April 2022, when it was seized in Fiji at the request of the U.S. government, according to the court filings.

Though the U.S. alleges that the yacht is owned by Kerimov, who made his fortune in mining, attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

In court filings, Khudainatov’s attorneys have objected to the U.S. government’s efforts to sell the yacht, saying a rushed sale could lead to a distressed sale price and that the maintenance costs are minor relative to the potential sale value.

Khudainatov’s attorneys refuse to pay the ongoing maintenance costs as long as the government pursues a sale and forfeiture. However, they say their client will reimburse the U.S. government for the more than $20 million already spent to maintain the yacht if it’s returned to its proper owner.

In court papers, the government says Kerimov disguised his ownership of Amadea through a series of shell companies and other owners. They say emails between crew members show Kerimov “was the beneficial owner of the yacht, irrespective of the titleholder of the vessel.”

The emails show that Kerimov and his family ordered several interior improvements of the yacht, including a new pizza oven and spa, and that between 2021 and 2022, when the boat was seized, “there were no guest trips on the Amadea that did not include either Kerimov or his family members,” according to the court filings.

The government also says Kerimov has been trying to sell Amadea for years, so a sale would be in keeping with his intent.

“This is not a situation in which a court would be ordering sale of a precious heirloom that a claimant desperately wishes to keep for sentimental reasons,” the government said in filings.

Even if Amadea were sold quickly, the proceeds wouldn’t automatically go to the government. Under law, the money would be held while Khudainatov and the government continue their battle in court over the ownership and forfeiture.

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The U.S. seized Russian oligarchs' superyachts. Now, American taxpayers pay the price

Ayesha Rascoe

Ayesha Rascoe speaks with Stephanie Baker, senior writer at Bloomberg News, about the complications involved in seizing and maintaining superyachts owned by sanctioned Russian billionaires.

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‘Alleged’ Fabergé Egg Found Aboard a Seized Russian Oligarch’s Yacht

The rare egg may not be authentic—but if it is, it could be worth millions

Daily Correspondent

When United States authorities seized a Russian oligarch’s  $300 million superyacht , they were surprised to discover what looked like a rare  Fabergé egg on board.

Lisa Monaco , the U.S. deputy attorney general, revealed the discovery while discussing sanctions against Russia at the  Aspen Security Forum last week.

“Let’s get to the juicy stuff: the yachts,” she said, per the  Guardian ’s Samantha Lock. “We recovered a Fabergé—or alleged Fabergé egg—on one of these [yachts], so it just gets more and more interesting.”

The yacht had recently sailed from Fiji and was docked in San Diego, Monaco added. She didn’t extrapolate much beyond that, but reporters did their own digging and believe she’s referring to the Amadea , which arrived in California in June after some  legal back and forth .

The  U.S. government says that Suleiman Kerimov, an oligarch in the gold business who is facing sanctions for his ties to Russian President  Vladimir Putin , owns the lavish, 348-foot-long vessel. The U.S. and other Western nations are  levying sanctions against Russian government officials and oligarchs in an attempt to punish Russia for its invasion of Ukraine .

It’s not clear yet if the Fabergé egg is authentic; but if it is, it could be worth millions. Created by jeweler  Peter Carl Fabergé between 1885 and 1917 in Russia, Fabergé eggs are opulently decorated, jewel-encrusted objets d’art . Historians believe  Alexander III commissioned the first elaborate egg as a gift for his wife in 1885—and the eggs quickly caught on with other members of the Russian royal family.

Historians believe  Fabergé made up to 69 eggs, a number that includes 50 “Imperial eggs” made for Russian royalty. Today, just 43 of the Imperial eggs are accounted for. And even though the location of a handful remains unknown, the likelihood that the newly discovered egg is real is “pretty small,” as Tony Faber, author of Fabergé’s Eggs: The Extraordinary Story of the Masterpieces That Outlived an Empire , tells  CNN ’s Kaitlan Collins.

“We’re down to the seven missing ones that have been basically missing since the [Russian] revolution,” he says.

The last time an Imperial egg randomly turned up was  in 2014 , when a man bought a gold egg for $14,000. He’d planned to melt it down for scrap metal, but first he decided to take it  to an expert , who identified it as a Fabergé egg worth an  estimated $33 million —and, fortunately, prevented its destruction.

In 2007, a Fabergé egg made headlines when it auctioned off for a record  $18.5 million .

U.S. officials have not yet released a photo of the egg, which has only added to the growing intrigue around the object. And there’s a good chance that Fabergé fans will be disappointed when the government finally does offer up visuals or more information about their find. As Nick Nicholson, a Russian art specialist, tells the  Art Newspaper ’s Sophia Kishkovsky, the piece may actually just be “a pendant egg worth a few thousand or an egg-shaped object like a bonbonniere or box.”

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Sarah Kuta is a writer and editor based in Longmont, Colorado. She covers history, science, travel, food and beverage, sustainability, economics and other topics.