**Luxury Superyacht of Sanctioned Russian Billionaire to Be Sold at Auction**
In a significant move against sanctioned Russian assets, the luxury superyacht Amadea will be sold at auction next month. The yacht, valued at over $300 million, was seized from billionaire Suleiman Kerimov in April 2022 as part of Western efforts to target Russian oligarchs following Russia’s invasion of Ukraine.
**A Brief History of the Amadea**
The Amadea is a stunning example of luxury craftsmanship, featuring a helipad, pool, jacuzzi, gym, spa, beauty salon, and eight staterooms. Built by German shipyard Lürssen in 2017, the 106-meter (348-foot) vessel spans six decks and can accommodate up to 22 guests and 36 crew members.
**Background on Suleiman Kerimov**
Kerimov, an estimated $10.7 billion net worth businessman, has close ties to Russian President Vladimir Putin. He was sanctioned by the U.S. Treasury in 2014 and 2018 over Russia’s activities in Ukraine and Syria. The seizure of his assets marks a significant blow to Kerimov, who built his fortune through stakes in Russian gold producer Polyus.
**The Auction Details**
Sealed bids for the Amadea are due on September 10, with bidders required to submit a $10 million deposit by September 5. The winning bidder must pay an additional $10 million within 10 days and the full remaining amount within 28 days. National Maritime Services is administering the auction in collaboration with Fraser Yachts.
**The Broader Context**
The sale of the Amadea represents one of the largest and most valuable sales of Russian oligarch assets seized under Western sanctions. The U.S. Treasury has blocked several of Kerimov’s assets, including a Delaware-based company worth over $1 billion linked to him. This move marks a significant step in targeting Russian wealth and disrupting its economy.
As we await the outcome of this auction, one thing is clear: the consequences for Russian oligarchs who have enabled Vladimir Putin’s aggression will continue to unfold. The sale of the Amadea serves as a reminder that the world will not stand idly by while Russia pursues its destructive policies.
