Fiji seizes Russian oligarch’s $300m yacht at US request
Al JazeeraUS Justice Department task force has focused on seizing yachts and luxury assets owned by Russians following the invasion of Ukraine. Fijian authorities have seized a $300m yacht owned by Russian oligarch Suleiman Kerimov at the request of the United States, according to the US Justice Department. 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. “This yacht seizure should tell every corrupt Russian oligarch that they cannot hide – not even in the remotest part of the world,” said Deputy Attorney General Lisa Monaco in a statement. 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.
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