• Latest
  • Trending
Fiji seizes Russian oligarch’s $300m yacht on US request

Fiji seizes Russian oligarch’s $300m yacht on US request

9 months ago
Adelabu condoles with Oyo residents over Chief Imam’s death

Adelabu condoles with Oyo residents over Chief Imam’s death

10 hours ago
Osun guber poll: After being deregistered by INEC, AD asks members, supporters to vote Oyetola

APC: Osun tribunal judgement represents victory for democracy, rule of law

15 hours ago
Why North won’t accept second position in 2023- Northern elders

Northern Elders warn against plan to interfere with elections, want review of CBN leadership

15 hours ago
Osun guber poll: After being deregistered by INEC, AD asks members, supporters to vote Oyetola

Folarin hails Osun tribunal judgement, congratulates Oyetola, APC

18 hours ago
Improper service stalls Adeleke’s suit challenging nullification as PDP governorship candidate

‘It’s miscarriage of justice’- Adeleke rejects tribunal verdict, heads to Appeal Court

19 hours ago
INEC announces date for mock accreditation of voters

INEC announces date for mock accreditation of voters

20 hours ago
CBN deadline: First Bank opens Saturday, Sunday to receive old naira notes

CBN deadline: First Bank opens Saturday, Sunday to receive old naira notes

20 hours ago
Osun guber poll: After being deregistered by INEC, AD asks members, supporters to vote Oyetola

BREAKING: Tribunal sacks Adeleke as Osun governor, declares Oyetola winner

20 hours ago
Nasarawa governor loses eldest son

Nasarawa governor loses eldest son

21 hours ago
Mike Bamiloye knocks Nollywood actors for romancing, kissing on movie sets

Mike Bamiloye knocks Nollywood actors for romancing, kissing on movie sets

21 hours ago
NCC CEO bags award for exemplary leadership in public service

Danbatta bags Vanguard’s Regulator of the Year Award

22 hours ago
Akeredolu to FG: Denying Amotekun arms while allowing equivalent in Katsina to bear weapons dangerous

Senator, Akeredolu’s aide trade words over Ondo factory sale

1 day ago
It’ll be shameful for northern APC governors to work against Tinubu- Nasarawa gov

It’ll be shameful for northern APC governors to work against Tinubu- Nasarawa gov

1 day ago
#EndSARS: 1,993 inmates escaped from Edo custodial facilities, says FG

FG: 159 Nigerians renounce citizenship in 2022

2 days ago
Again, ICPC arrests ex-JAMB Registrar, Ojerinde

Again, ICPC arrests ex-JAMB Registrar, Ojerinde

2 days ago
Senator: Direct primary was Gbajabiamila’s idea to favour someone

Naira redesign: Gbajabiamila threatens Emefiele with arrest

2 days ago
Never again shall 16 years of nothingness come back- Tinubu hits PDP

Tinubu to Atiku: You can’t pitch me against Buhari

2 days ago
Fire guts four-storey building at Balogun market, destroys goods worth millions of naira

Fire guts four-storey building at Balogun market, destroys goods worth millions of naira

2 days ago
  • Contact Us
  • Advertise
Saturday, January 28, 2023
Newspeakonline
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
Newspeak
UBA
Home World Asia

Fiji seizes Russian oligarch’s $300m yacht on US request

newspeak by newspeak
May 6, 2022
in Asia, World
Reading Time: 2 mins read
250 5
0
Fiji seizes Russian oligarch’s $300m yacht on US request
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

By Akinwande Soji-Ojo

RelatedPosts

Nigerian professor found dead in US

Dora Akunyili’s daughter appointed first black Chief Medical Officer of US hospital

12-year-old Nigerian chess prodigy granted asylum in US

Fijian authorities have seized a $300 million yacht owned by Russian oligarch, Suleiman Kerimov, at the request of the United States, according to the US Justice Department.

The move, which was announced on Thursday, is the latest by Washington and its allies to up the pressure on Russia over its invasion of Ukraine, often targeting wealthy citizens known to have close ties to the Kremlin.

A court in Fiji ruled on Tuesday that the US could seize the Russian-owned super-yacht, weeks after it arrived and was impounded by police.

“The Justice Department will be relentless in our efforts to hold accountable those who facilitate the death and destruction we are witnessing in Ukraine,” US Attorney-General, Merrick Garland, said in a statement announcing the yacht’s seizure.

“The US Treasury Department had previously designated Kerimov as part of a group of Russian oligarchs who profit from the Russian government through corruption and its malign activity around the globe,” the Justice Department said.

It said court documents showed Kerimov owned the 348-foot luxury yacht, called Amadea, after the designation, and that the oligarch and those acting on his behalf “caused US dollar transactions to be routed through US  financial institutions for the support and maintenance of the Amadea.”

Kerimov was sanctioned by the US in 2014 and 2018 in response to Russia’s actions in Syria and Ukraine. He has also been sanctioned by the European Union.

“This yacht seizure should tell every corrupt Russian oligarch that they cannot hide – not even in the remotest part of the world,” Deputy Attorney General, Lisa Monaco, said in a statement.

Authorities in various countries have seized luxury vessels and villas owned by Russian billionaires in the wake of Russia’s invasion of Ukraine.

The US Justice Department launched the task force, KleptoCapture, in March to specifically focus on seizing yachts and other luxury assets to put the finances of Russian oligarchs under strain in a bid to pressure Russian President Vladimir Putin.

In early April, the US seized a 254-foot yacht in Spain, owned by Viktor Vekselberg, a billionaire and close Putin ally who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets.

US President, Joe Biden, has asked Congress for the authority to formally seize and sell assets of Russians to fund Ukraine’s defence and rebuilding, although it remains unclear if he would be able to do so without running afoul of international law.

(Aljazeera and news agencies)

Related

What’s your Reaction?
Like
Like
0
Dislike
Dislike
0
Laugh
Laugh
0
Angry
Angry
0
Sad
Sad
0
Accurate
Accurate
0
0 Shares
Facebook Twitter WhatsApp Linkedin Messenger
×

Share this post!

Facebook Twitter WhatsApp Linkedin Messenger Telegram Tumblr
Tags: RussiaUkraineUSYacht

Recent Posts

Nigerian professor  found dead in US

Nigerian professor found dead in US

January 18, 2023
Prince Aladesanmi, son of former Ewi of Ado Ekiti dies at 69

Prince Aladesanmi, son of former Ewi of Ado Ekiti dies at 69

January 14, 2023
Dora Akunyili’s daughter appointed first black Chief Medical Officer of US hospital

Dora Akunyili’s daughter appointed first black Chief Medical Officer of US hospital

January 13, 2023
Nigerian woman jailed in UK for stealing almost £20,000 from ‘vulnerable residents’

Nigerian woman jailed in UK for stealing almost £20,000 from ‘vulnerable residents’

January 13, 2023
Woman stabs husband to death, severes manh**d

Woman stabs husband to death, severes manh**d

January 13, 2023
Two Nigerians arrested in India for allegedly duping woman N6.6m

Two Nigerians arrested in India for allegedly duping woman N6.6m

January 12, 2023
Pandora papers: Ex-governor reacts, says I didn’t violate any law

UK authorities wind up Peter Obi’s company over failure to submit annual accounts

January 11, 2023
FG secures interim forfeiture of 40 properties belonging to Ekweremadu

Again, UK court rejects Ekweremadu’s bail application, says ‘he’s a flight risk’

December 21, 2022
Next Post
NCC trains jounalists  on emerging trends, topical regulatory issues in telecoms industry

NCC trains jounalists on emerging trends, topical regulatory issues in telecoms industry

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newspeakonline

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Navigate Site

  • Breaking News
  • Business
  • Entertainment
  • Interview
  • Newpeak Magazine
  • Newspeak Exclusives
  • Politics

Follow Us

No Result
View All Result
  • Home
  • Latest News
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
  • Opinion
  • Interview
  • Newspeak Exclusives

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newspeak We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications