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In Spite Of The Task Force Formed To Seize Russian Yachts Itself Being Disbanded, The Authorities Are Still Desperate To Keep Hold Of The Seized $325 Million Amadea Superyacht, Which Is Costing American Taxpayers $1 Million Every Month | Luxurylaunches

On Behalf of | Feb 10, 2025 | Firm News, Latest Significant Matters

The Department of Justice now finds itself in the shoes of Russian oligarchs who lost control of their prized superyachts. The reason? Task Force KleptoCapture, the unit formed in March 2022 to enforce sanctions on Russian billionaires, has been dissolved with the end of the Biden administration. Yet, despite the task force’s shutdown, U.S. authorities remain unwilling to relinquish the 348-foot Amadea, a $325 million floating masterpiece that no one, neither its alleged owner nor its seizer, wants to give up.

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