A federal court in New York has rejected a Russian businessman’s challenge to the U.S. government's efforts to confiscate a luxury superyacht that allegedly belongs to sanctioned Russian oligarch Suleyman Kerimov.

A U.S. judge ruled that Eduard Khudainatov cannot claim ownership of the $300 million superyacht Amadea, seized in 2022 due to claims of it being owned by sanctioned Russian billionaire Suleiman Kerimov.

A Russian heiress is trying to get back her family's $120 million boat, which was seized after sanctions were imposed on her father.

A luxurious superyacht that belonged to Russian billionaire Suleiman Kerimov may be headed to the auction block after a US judge on Monday dismissed a competing claim to ownership of the $300 million vessel.