Tag: sanctions
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United States government plans to sell seized motor yacht AMADEA after strenuous maintenance costs
US v. M/Y Amadea, 23-cv-09304, US District Court, Southern District of New York. The 106-meter motor yacht Amadea was seized in May 2022 while docked in Fiji after her owner, Suleiman Kerimov, was placed under the U.S. sanctions list due to the Russian invasion of Ukraine, Mr. Kerimov’s third time becoming a designated person in…
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Russian national Vladislav Osipov charged with five counts of bank fraud in connection to the motor yacht M/Y TANGO
On February 22, 2024, the U.S. Attorney’s Office revealed five new counts of bank fraud against Swiss resident Vladislav Osipov, an employee of sanctioned Russian businessman Viktor Vekselberg, owner of the 77.7-meter motor yacht Tango. The press release reads “Osipov and his employees instructed the yacht management company to avoid doing business with banks in Tango’s true…
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Deep Dive – M/Y Phi Challenges UK High Court Decision
You may recognize M/Y Phi as the backdrop of then UK Secretary of State for Transport Grant Shapps’ polemic at West India & Millwall Docks in London, delivering a stark warning of how the country plans to address Russian individuals as a result of the Russian invasion of Ukraine, using the yacht as an emblem…
