Fiji confiscates a $300 million luxury yacht owned by Russian oligarch Suleiman Karimov

The 106-meter-long, 18-meter-high Amadea yacht, one of the largest in the world, was seen after mooring at a berth in Pasatarlassi to refuel with 9 fuel trucks, on February 18, 2020 in the Bodrum district of Mugla Province in Turkey.

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The Fijian Ministry of Justice announced Thursday the confiscation of a mega yacht worth $300 million owned by Russian oligarch Suleiman Karimov.

The move to confiscate the nearly 350-foot-long Amadea yacht in Lautoka, Fiji, comes as Western governments step up efforts to track down, identify and confiscate assets around the world that belong to sanctioned Russians linked to the Kremlin.

In March, the Biden administration announced a new task force, Dubbed KleptoCaptureto impose sweeping sanctions from the United States and its allies on the Russian elites who helped finance the president Russian President Vladimir PutinUnprovoked war in Ukraine.

“Last month, I warned that management is eyeing every yacht purchased with dirty money,” Deputy Attorney General Lisa Monaco wrote in a statement. “The seizure of the yacht should tell every corrupt Russian oligarch that they cannot hide, not even in the most remote part of the world. We will use all means to impose sanctions imposed in response to Russia’s unjustified and unjustified war in Ukraine.”

The Treasury Department’s Office of Foreign Assets Control, or OFAC, sanctioned Karimov in 2018. At the time, the Treasury said Karimov was an oligarch who had benefited from the Russian government through corruption and its illegal annexation of Crimea. She added that the Russian billionaire was also an official in the Russian government.

The Justice Department estimates Karimov’s yacht to be worth $300 million or more. The Cayman flag motor yacht is said to have an interior that accommodates up to 16 guests in 8 cabins and is equipped with a helipad.

German authorities said last month they had confiscated the world’s largest mega yacht after official confirmation that the ship had links to Russian billionaire and businessman Alisher Usmanov.

German official Confirmed to CNBC on April 14 That the movable yacht was connected to Osmanov and therefore subject to confiscation. The German Federal Police informed European authorities in Brussels the day before that a thorough investigation had found that the ship belonged to Usmanov’s sister, Gulbakhur Ismailova.

An archive photo dated September 10, 2018 shows a huge yacht called “Dilbar” owned by Uzbek-born businessman Alisher Usmanov refueling by an oil tanker in Mugla, Turkey. Germany is holding the yacht of Russian billionaire Usmanov in the port of Hamburg.

Sabri Kesen | Anadolu Agency | Getty Images

German authorities initially prevented the stunning luxury yacht from leaving the yacht’s anchor On March 3, according to a senior Biden administration official with knowledge of the matter.

The yacht, named Dilbar, after Usmanov’s mother, stretches more than 500 feet in length and is equipped with two helipads and the largest indoor pool installed on a private ship. The Treasury estimates that Usmanov’s yacht is worth about $735 million.