Source link : https://sandiego365.info/2025/10/16/court-halts-us-effort-to-seize-yacht-tied-to-sanctioned-russian-oligarch/
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 claimed by authorities to be owned by an individual targeted in the ongoing crackdown on illicit assets connected to Russia’s elite amid geopolitical tensions. However, the judge cited insufficient evidence directly connecting the yacht to the oligarch’s personal ownership, emphasizing the need for clear proof in asset forfeiture cases.
Legal experts suggest this decision highlights the complexity of tracing asset ownership in international waters, especially when complex ownership structures are involved. The ruling underscored several key points:
- Burden of proof: Authorities must provide unequivocal evidence to justify seizure.
- Jurisdictional challenges: Enforcement across multiple…
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Author : Charlotte Adams
Publish date : 2025-10-16 10:41:00
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