STORY: The vessel moored in Honolulu since Thursday (June 16) afternoon. Here it is seen on Friday.
The U.S. Justice Department's KleptoCapture task force has focused on seizing yachts and other luxury assets of Russian oligarchs in a bid to pressure Russian President Vladimir Putin over the war in Ukraine.
The 106-meter (350-foot) yacht left Fiji's Lautoka port last week after the Pacific island nation's Supreme Court ruled the yacht should leave the country because it was costly for the government to maintain it.
The Amadea previously sailed under the Cayman Islands flag, according to public shipping database Equasis. Eikon data showed it arrived in Hawaii flying the U.S. flag.
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STORY: The vessel moored in Honolulu since Thursday (June 16) afternoon. Here it is seen on Friday.
The U.S. Justice Department's KleptoCapture task force has focused on seizing yachts and other luxury assets of Russian oligarchs in a bid to pressure Russian President Vladimir Putin over the war in Ukraine.
The 106-meter (350-foot) yacht left Fiji's Lautoka port last week after the Pacific island nation's Supreme Court ruled the yacht should leave the country because it was costly for the government to maintain it.
The Amadea previously sailed under the Cayman Islands flag, according to public shipping database Equasis. Eikon data showed it arrived in Hawaii flying the U.S. flag.
In the 100 days since Finance, Justice, Home Affairs, and Trade Ministers and European Commissioners committed to prioritizing resources and working together to isolate sanctioned Russians from the international financial system, REPO members have:
Blocked or frozen more than $30 billion worth of sanctioned Russians’ assets in financial accounts and economic resources. Immobilized about $300 billion worth of Russian Central Bank assets. Seized, frozen, or detained yachts and other vessels owned, held, or controlled by sanctioned Russians, including the Amadea, the Tango, the Amore Vero, the Rahil, and the Phi. Seized or frozen luxury real estate owned, held, or controlled by sanctioned Russians. Restricted Russia’s access to the global financial system, making it more difficult for Russia to procure technology necessary to sustain its unjust war in Ukraine. Where appropriate and possible, REPO members are undertaking efforts to update or expand and implement their respective legal frameworks that enable the freezing, seizure, forfeiture and/or disposal of assets, for example within criminal law. These efforts better position members to achieve REPO’s objectives.
Repo has been busy busy busy... 30 billion in property seized going up for auction soon ...
In the 100 days since Finance, Justice, Home Affairs, and Trade Ministers and European Commissioners committed to prioritizing resources and working together to isolate sanctioned Russians from the international financial system, REPO members have:
Blocked or frozen more than $30 billion worth of sanctioned Russians’ assets in financial accounts and economic resources. Immobilized about $300 billion worth of Russian Central Bank assets. Seized, frozen, or detained yachts and other vessels owned, held, or controlled by sanctioned Russians, including the Amadea, the Tango, the Amore Vero, the Rahil, and the Phi. Seized or frozen luxury real estate owned, held, or controlled by sanctioned Russians. Restricted Russia’s access to the global financial system, making it more difficult for Russia to procure technology necessary to sustain its unjust war in Ukraine. Where appropriate and possible, REPO members are undertaking efforts to update or expand and implement their respective legal frameworks that enable the freezing, seizure, forfeiture and/or disposal of assets, for example within criminal law. These efforts better position members to achieve REPO’s objectives.
Repo has been busy busy busy... 30 billion in property seized going up for auction soon ...
$30B from Russian oligarchs frozen under REPO seizure effort
FILE - People look on from the super yacht Amadea as it arrives to the San Diego Bay Monday, June 27, 2022, seen from Coronado, Calif. WASHINGTON (AP) — A multinational task force designed to seize Russian oligarchs’ wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days in operation, the Treasury Department reported Wednesday.
That’s on top of the yachts, other vessels and luxury real estate that have been impounded as well as $300 billion in Russian Central Bank funds that have been immobilized, the department said.
“We continue to increase Russia’s cost of its war,” Treasury said of the REPO task force, short for Russian Elites, Proxies and Oligarchs.
The program is designed to drain Russia of its resources as President Vladimir Putin continues his invasion of Ukraine,
The decenting arguments come from civil right groups calling ng the program an over reach of international monetary regulatory agencies.
.civil rights advocates have raised concerns about potential overreach.
$30B from Russian oligarchs frozen under REPO seizure effort
FILE - People look on from the super yacht Amadea as it arrives to the San Diego Bay Monday, June 27, 2022, seen from Coronado, Calif. WASHINGTON (AP) — A multinational task force designed to seize Russian oligarchs’ wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days in operation, the Treasury Department reported Wednesday.
That’s on top of the yachts, other vessels and luxury real estate that have been impounded as well as $300 billion in Russian Central Bank funds that have been immobilized, the department said.
“We continue to increase Russia’s cost of its war,” Treasury said of the REPO task force, short for Russian Elites, Proxies and Oligarchs.
The program is designed to drain Russia of its resources as President Vladimir Putin continues his invasion of Ukraine,
The decenting arguments come from civil right groups calling ng the program an over reach of international monetary regulatory agencies.
.civil rights advocates have raised concerns about potential overreach.
Good Vader? Is that an option... No it to cause misery and suffering and business my dear is booming....
Repo's task is to ruin lives.... It's in the job description. So I hope it spreads fear and is terrorizing that Russian assets not in Russia are subject to search and seizures. Property homes cars ships planes it ain't yours cause your government and pathetic military isn't big enough to secure your ass. Ets.
Your bombing shopping malls we're taking boats... Your going to courts ???? Make us give your shit back.... Your ruble is not a worthless instrument to negotiate debt. Your government is in default of loans due. Sorry get a lawyer and argue the plight but all that you had is gone ...
Good Vader? Is that an option... No it to cause misery and suffering and business my dear is booming....
Repo's task is to ruin lives.... It's in the job description. So I hope it spreads fear and is terrorizing that Russian assets not in Russia are subject to search and seizures. Property homes cars ships planes it ain't yours cause your government and pathetic military isn't big enough to secure your ass. Ets.
Your bombing shopping malls we're taking boats... Your going to courts ???? Make us give your shit back.... Your ruble is not a worthless instrument to negotiate debt. Your government is in default of loans due. Sorry get a lawyer and argue the plight but all that you had is gone ...
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