A U.S. court has rejected a government petition to sell a luxury yacht allegedly owned by a Russian oligarch under international sanctions, marking a significant setback in efforts to seize assets linked to sanctioned individuals. The decision, announced Thursday, came amid mounting pressure from authorities to enforce financial penalties targeting Russian elites amid ongoing geopolitical tensions. The case underscores the legal complexities involved in asset forfeiture linked to global sanctions regimes.
Court Rejects US Bid to Seize Yacht Allegedly Linked to Sanctioned Russian Oligarch
The federal court recently ruled against the U.S. government’s motion to seize a luxury yacht allegedly linked to a Russian oligarch under sanctions. The vessel, docked in a European harbor, was…
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Author : Charlotte Adams
Publish date : 2025-10-16 10:41:00
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