"US Taxpayers Footing the Bill for Russian Oligarch's Seized Yacht"
TL;DR
The U.S. government is seeking permission to sell a $230 million yacht seized from Russian billionaire Suleiman Kerimov, citing nearly $1 million monthly maintenance costs. The legal battle over the yacht highlights the challenges of seizing and selling assets owned by Russian oligarchs, with similar disputes involving other billionaires' assets. The government alleges that Kerimov disguised his ownership of the yacht through shell companies, while attorneys for another ex-Rosneft CEO claim ownership and object to the rushed sale. The proceeds from any potential sale would be held while the ownership and forfeiture battle continues in court.
Topics:nationpolitics-and-international-relations#legal-battle#maintenance-costs#politics-and-international-relations#russian-oligarch#us-taxpayers#yacht
- Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month CNBC
- US judge rejects 4th amendment defence in superyacht sanctions case Global Sanctions
- Russia/United States : Russian oligarch hires US lawyers and PR execs to help prove he owns seized superyacht Intelligence Online
- US has spent about $20 million to maintain superyacht seized from a Russian oligarch KEYT
- Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month AOL
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