Amadea superyacht

Russian Superyacht Crosses Strait Amidst Blockade Claims

The Gilded Age is certainly blinding, and it seems the very notion of a “blockade” in the Strait of Hormuz needs a bit of unpacking. When we hear about a Russian superyacht crossing this supposedly blockaded waterway, it’s easy to assume the worst. However, the reality, as some have pointed out, is far less dramatic and much more about who the blockade is actually intended to affect. The current situation isn’t about stopping every vessel from passing through; it’s primarily focused on commercial ships leaving Iran. This means private vessels, like superyachts, or ships departing from other nations, are generally not subject to the same restrictions.… Continue reading

US Spends Millions Maintaining Seized Russian Oligarch’s Yacht

Newly released documents reveal that maintaining the seized $230 million superyacht Amadea, allegedly owned by sanctioned Russian oligarch Suleyman Kerimov, has cost U.S. taxpayers tens of millions of dollars over two years. Expenses include crew upkeep, fuel, and even iPhone replacements, all while the yacht sits in San Diego awaiting legal proceedings. This ongoing cost has prompted criticism and calls for reform to expedite the forfeiture process of such assets. The seizure, initially hailed as a victory against Russian oligarchs, is now raising concerns about the financial burden on American taxpayers.

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