US Taxpayers Footing Massive Bill for Seized Russian Oligarch's Yacht

Wednesday, 6 March 2024, 14:27

The Justice Department is looking to sell the luxurious 348-foot yacht named Amadea, which was confiscated in 2022 and linked to Suleiman Kerimov. With taxpayers facing a burden of around $1 million per month for the maintenance of the seized vessel, the case highlights the financial implications of high-profile asset seizures. The issue raises concerns about the significant costs associated with maintaining such assets during legal proceedings, ultimately impacting taxpayers and sparking debates over asset disposal strategies.
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US Taxpayers Footing Massive Bill for Seized Russian Oligarch's Yacht

US Taxpayers' Burden for Seized Yacht

The Justice Department is seeking approval to sell the 348-foot yacht, Amadea, confiscated in 2022, allegedly owned by Suleiman Kerimov.

Key Points:

  • Financial Responsibility: Taxpayers bearing $1 million monthly to maintain the yacht.
  • Public Debate: Discussions sparked over the costs of high-profile asset seizures.
  • Asset Disposal: Concerns raised about effective strategies for managing seized assets.

The case demonstrates the financial implications and burdens imposed on taxpayers due to the upkeep of seized assets linked to high-profile individuals.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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