By Luc CohenNEW YORK (Reuters) - The United States on Monday sought the forfeiture of a $300 million superyacht it says is controlled by billionaire Russian oligarch Suleiman Kerimov, who is under U.S. sanctions. He amassed much of his wealth through a stake in Russian gold producer Polyus. Kerimov was sanctioned by the U.S. Treasury Department in 2014 and 2018 in response to Russia's activities in Syria and Ukraine. Khudainatov sued the United States on Monday in federal court in San Diego to release the yacht, according to a copy of the complaint provided by his lawyer, Adam Ford. "The Amadea was seized upon false premises driven by political motivation," Ford said in a statement.

Source: Forbes October 23, 2023 16:38 UTC