yacht nord owner

A rare look inside Nord, the $500 million megayacht of Russia’s richest man Alexei Mordashov. The 464 feet long tuxedo donning warship has palatial interiors. For extra fun, its garage has a hovercraft, a deep-diving submarine, ATV’s, a few Toyota Land Cruisers, and more.

The video shows us first-hand the elegance and enormousness of a megayacht in the truest sense of the term. From seemingly unending corridors to well-appointed interiors and the most insane tender garage, the Nord is a massive ship that’s impressive from the word go.

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Who Owns Superyacht Nord? (The Mystery Unveiled)

The mysterious and magnificent Superyacht Nord has long captivated the imaginations of luxury yacht aficionados around the world.

But who owns this stunning vessel? In this article, we will uncover the mystery and explore the features, interior and exterior designs, estimated value, and significance of this luxurious superyacht.

We will also take a look at some stunning photographs of Superyacht Nord.

Come join us as we uncover the secrets of this incredible yacht – who owns it and why is it so special?

Table of Contents

Short Answer

The owner of superyacht Nord is Roman Abramovich, a Russian billionaire.

He bought the yacht, formerly known as Sussurro, in April 2010 for an estimated US$400 million.

It is the world’s second largest yacht, measuring 162.5 metres in length.

It has two helipads, two swimming pools, and a disco hall.

Who is Mikhail Prokhorov?

Mikhail Prokhorov is a Russian billionaire and oligarch best known for his ownership of the Brooklyn Nets basketball team. He made his fortune in the investment and banking industries, and is now widely considered to be one of the richest people in the world. Prokhorov’s wealth is estimated to be around $13 billion, and he is said to own one of the most expensive yachts in the world: Superyacht Nord.

Prokhorov has been in the spotlight since his purchase of the Brooklyn Nets in 2010, and his net worth has only grown since then.

He has also become known for his philanthropy, founding the One Foundation in 2011 to support educational and cultural initiatives in Russia.

Prokhorov has also been involved in Russian politics, running as an independent candidate for president in 2012.

Prokhorov is known for his lavish lifestyle, and his ownership of the Superyacht Nord is a perfect example of this.

The 110-meter-long yacht was built for him in 2018 by Lrssen Yachts, and is said to feature an infinity pool, helipad, and spa.

The interior of the yacht was designed by the renowned designer Studio Liaigre, while the exterior was designed by British designer Tim Heywood.

Superyacht Nord is estimated to be worth over 200 million, and is said to be one of the most luxurious and expensive yachts ever made.

The Features of Superyacht Nord

Superyacht Nord is a stunning 110-meter vessel built by Lrssen Yachts and owned by Russian billionaire and oligarch Mikhail Prokhorov.

It is one of the most luxurious and expensive yachts ever made, estimated to be worth over 200 million.

It features a sleek and modern design with incredible attention to detail and a number of luxurious features.

The exterior of Superyacht Nord was designed by renowned British designer Tim Heywood.

It features a sleek and modern hull with a black and white color scheme.

The yacht also features an expansive sun deck and a helipad for easy access.

The interior of the yacht was designed by the famed designer Studio Liaigre.

It is decorated in a chic and modern style, with an emphasis on luxury and comfort.

The yacht features a large main salon with ample seating, a formal dining area, and a bar area.

The yacht also features an infinity pool, spa, and a gym.

Additionally, Superyacht Nord features a large selection of toys and tenders, including a submarine, jet skis, and a speedboat.

As one of the most luxurious and expensive yachts ever made, Superyacht Nord is truly a sight to behold.

It is a testament to the skill and craftsmanship of its designers and builders, and an impressive display of wealth and power.

The mystery of its owner has been unveiled, and we can all marvel at the beauty of this incredible vessel.

The Interior Design of Superyacht Nord

When it comes to luxury yachts, the interior design is just as important as the exterior.

Superyacht Nord is no exception.

The interior of this 110-meter yacht was designed by renowned French designer, Studio Liaigre.

The interior features modern and minimalistic designs with natural materials like wood, stone, and leather.

The yacht has a classic yet contemporary feel and offers a luxurious and comfortable atmosphere.

The yacht features a large main salon with a large dining area and a full-service bar.

The salon has plenty of seating and a large TV for entertainment.

The lounge area also features floor-to-ceiling windows for spectacular views of the sea.

The yacht also boasts a large infinity pool, a helipad, and a spa.

The interior of Superyacht Nord is designed for luxury and comfort.

The yacht has five guest cabins and a master suite.

The master suite has its own private balcony and a large bathroom with a Jacuzzi.

All of the cabins feature en-suite bathrooms, and are decked out with the finest furnishings and materials.

It is no wonder that Superyacht Nord is one of the most luxurious and expensive yachts ever made.

With its modern design and luxurious features, it is a true masterpiece of engineering and craftsmanship.

The yacht is estimated to be worth over 200 million, making it one of the most sought-after yachts in the world.

The Exterior Design of Superyacht Nord

The exterior of Superyacht Nord has been designed by British designer Tim Heywood, and it is a sight to behold.

The 110-meter long yacht features a sleek and modern design, with a bold black hull and a white superstructure.

The yacht boasts an expansive sundeck with an infinity pool and Jacuzzi, as well as a helipad and two tenders.

The exterior also features multiple terraces and outdoor seating areas, perfect for lounging and entertaining.

Furthermore, the yacht has a number of sea terraces, offering guests unparalleled views of the open ocean.

The exterior of Superyacht Nord is an impressive sight that is sure to turn heads wherever it goes.

The exterior of the Superyacht Nord was designed with functionality in mind as well.

The yacht is equipped with the latest navigation and communications technology, allowing it to travel to remote locations without issue.

Additionally, the yacht is equipped with a state-of-the-art security system to ensure the safety of its passengers.

It even has an escape pod, in case of emergency.

All these features make Superyacht Nord the perfect vessel for luxury cruises and long voyages alike.

In addition to its impressive design, Superyacht Nord also boasts an impressive price tag.

It is estimated to be worth over 200 million dollars, making it one of the most expensive and luxurious yachts ever made.

Clearly, it was designed with luxury and comfort in mind, and it is no wonder that Russian billionaire and oligarch Mikhail Prokhorov chose to own it.

The Estimated Value of Superyacht Nord

Superyacht Nord, owned by Russian billionaire Mikhail Prokhorov, is said to be one of the most luxurious and expensive yachts ever made.

Estimates suggest that the 110-meter vessel is worth over 200 million.

The sheer size and opulence of the yacht make it an impressive sight to behold.

The yacht was built by Lrssen Yachts in 2018 and features an infinity pool, helipad, and spa.

The interior was designed by renowned designer Studio Liaigre, while the exterior was designed by British designer Tim Heywood.

The overall design is said to be a combination of modern style and classic elegance, giving the yacht an air of sophistication and luxury.

In addition to the lavish amenities onboard, Superyacht Nord is also equipped with the latest technology.

It boasts a state-of-the-art navigation system, an advanced security system, and a range of other amenities that make it one of the most advanced vessels ever built.

The estimated value of Superyacht Nord is a testament to its luxurious design and the immense amount of work that went into the construction of the yacht.

It is a prime example of the lengths that the wealthy and powerful will go to in order to enjoy the finest luxuries available.

The Significance of Superyacht Nord

Superyacht Nord is much more than just another luxurious yacht.

This 110-meter vessel is a symbol of opulence and power, belonging to the worlds wealthiest individuals.

It is also a symbol of the Russian billionaire and oligarch Mikhail Prokhorov, who was the mastermind behind its construction.

The yacht was built by Lrssen Yachts in 2018 and features an infinity pool, helipad, and spa, as well as a stunning interior designed by renowned designer Studio Liaigre and an exterior designed by British designer Tim Heywood.

This luxurious superyacht is estimated to be worth over 200 million, making it one of the most expensive yachts ever made.

It is a statement of Prokhorovs wealth and power, and a symbol of his success.

It is a vessel that allows him to feel on top of the world, literally.

The superyacht also has a significant meaning for the shipbuilding industry.

It is a testament to the hard work and dedication of the craftsmen who designed and built it.

It serves as a reminder of the skill and precision required to create such a magnificent vessel, and of the possibilities that can be achieved when the right people are put to work.

Superyacht Nord is a masterpiece that will be remembered for its beauty and grandeur, and will serve as an inspiration for future yacht builders.

Pictures of Superyacht Nord

The pictures of Superyacht Nord are stunning.

From the exterior, the yacht has a sleek and modern design, with a white hull and a black upper deck.

The infinity pool is a stunning feature, along with the helipad, spa and other amenities.

Inside, the interior is luxurious and contemporary, with designer furniture, modern artwork and rich materials.

The yacht is truly one of a kind, and has been designed to the highest standards of luxury.

It is no wonder that it is said to be worth over 200 million.

The designer Studio Liaigre and the British designer Tim Heywood deserve credit for their work in creating a yacht that is both beautiful and functional.

Final Thoughts

After unraveling the mystery of who owns the magnificent Superyacht Nord, we now know it is none other than Russian billionaire and oligarch Mikhail Prokhorov.

We have explored the stunning features, interior, and exterior design of the yacht, as well as its estimated value.

It is no wonder why Superyacht Nord is considered one of the most luxurious and expensive yachts ever made.

Now that you know the story behind this stunning yacht, why not take a look for yourself and marvel at its beauty?

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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NORD yacht NOT for charter*

141.63m  /  464'8 | lurssen | 2021.

Owner & Guests

• Previous Yacht

Special Features:

• Elevator for easy access between floors
• Multi-award winning
• Well-appointed wellness zone, including beach club and beauty salon
• Comfortable Movie Theatre
• Generous pool

The multi-award winning 141.63m/464'8" expedition yacht 'Nord' was built by Lurssen in Germany at their Bremen shipyard. Her interior is styled by Italian designer design house Nuvolari Lenard and she was delivered to her owner in February 2021. This luxury vessel's exterior design is the work of Nuvolari Lenard.

Guest Accommodation

Nord has been designed to comfortably accommodate up to 36 guests in 20 suites. She is also capable of carrying up to 42 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a beauty salon, movie theatre, beauty salon, elevator, underwater lights, beach club, gym and air conditioning.

Range & Performance

Nord is built with a steel hull and aluminium superstructure, with teak decks. Powered by 4 x diesel MTU (20V 4000M 93L) 20-cylinder 5,765hp engines running at 2100rpm, she comfortably cruises at 15 knots, reaches a maximum speed of 20 knots. Nord features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 100,000 Litres of fresh water. She was built to Lloyds Register PYC classification society rules.

*Charter Nord Motor Yacht

Motor yacht Nord is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Nord Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Nord Photos

Nord Awards & Nominations

• Robb Report 2021 Gigayacht Winner
• World Yachts Trophies 2021 Yacht of the Year Winner

NOTE to U.S. Customs & Border Protection

Specification

M/Y Nord

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Nord Yacht: An Insider’s Guide

The Nord yacht was known as Project OPUS when it was still being built. It is one of the largest yachts in the world and was launched back in 2021. Like many yachts in the last year this was the target of international investigations and sanctions. However, unlike some other vessels, Nord managed to elude authorities and return to Russian waters. As such it has not been seized and no sanctions have been imposed against its owner insofar as the yacht is concerned.

According to reports, the owner was aware that a potential seizure was imminent where the boat was docked in the Seychelles. To avoid sanctions, a staggering $465,000 worth of fuel was pumped into the vessel before it set sail to Vladivostok in Russia. The non-stop journey was undertaken at full speed and covered 6,701 nautical miles which is pretty amazing. In order to make this work, the yacht had to shut off its mandatory location responders to evade notice by authorities.

Since that time, it has ventured out again and has been seen in Hong Kong, South Korea, the Maldives and, in 2023, it returned to the Seychelles.

Nord is one of the most expensive yachts ever built and features a vast array of features and amenities designed to give passengers a full luxury experience at sea.

Who is the Nord Yacht Owner?

The Nord is owned by Russian billionaire Alexei Mordashov (sometimes spelled Alexey Mordashov). Mordashov is the chairman and largest shareholder of Russia’s biggest steel and mining company Severstal. Though there are a number of billionaires in Russia, Mordashov ranks first if his family wealth is included. His fortune is estimated to be around $30 billion. 

How Big is the Nord Yacht?

The Nord is an absolutely massive 466 feet in length, making it one of the largest yachts in the world . The beam of the vessel measures in at 64 feet while the displacement is 9,250 gross tons. It features a 17.7 foot draft and has the capacity to handle up to 36 guests at one time. 

How Fast is the Nord and What Engines Does it Use?

Sources actually don’t agree on the internal working of the Nord. Lurssen, the yacht builder, does list the vessel’s speed at 18 knots which is actually in contrast to what other sources say which come in both higher and lower though they don’t specify cruising or maximum speed.

On the low end, cruising speed is listed at 15 knots. On the high end, maximum speed is listed at 20 knots. But, with Lurssen saying 18 knots, you have to take their word that it’s one or the other making either the 15 or the 20 incorrect.

Also interesting is that there is some disagreement as to whether the yacht has 2 or 4 MTU engines. It is generally agreed, however, that the Nord is working with 4,963hp MTU (20V 4000 M73L) diesel engines.

How Much Did the Nord Yacht Cost?

When the yacht was registered in the Cayman Islands the value was listed at $300 million. However, it’s also believed that this number is a bit of an undervaluation and the actual value of the yacht is somewhere around $500 million. If that higher number is true then the Nord ranks among the top ten most expensive yachts in the whole world.

It’s been estimated that annual running costs to handle all the fuel and crew salaries as well as upkeep and general costs are between $40 million and $50 million. Despite the high costs, the vessel is not a part of any yacht charter fleet and can’t be rented out if you’re in the market for a week on a luxury yacht.

Design and Features of the Yacht Nord

Superyacht Nord was designed by German yacht makers Lurssen back in 2021. The exterior and interior design of the yacht were handled by Italian design studio Nuvolari & Lenard. Like most yachts of its size it has a steel hull, teak decks and an aluminum superstructure. 

It’s been said that the yacht was designed for exploration and long-range cruising. One of the designers said it’s a warship wearing a tuxedo, if that helps give you an idea of what the boat is like. 

The bow is flattered at the front and features a massive nameplate which actually lights up at night. Some Russian billionaires are a bit sheepish about publicity and being seen but Nord wants to be seen and makes sure everyone notices it. Even the choice of paint, avoiding the typical white and going with champagne and deep blue accents plus blue lights, draws attention to every aspect of the yacht. 

Amenities and Features

The motor yacht Nord has a prominent helipad located at the bow of the vessel and a very large pool located aft above the beach club. There’s also a second helipad and even a helicopter hangar on board. The hangar closes over the second helipad which is located on the top deck and is built into the main mast of the vessel.

A total of 36 guests can be accommodated in 20 cabins while there is also room for a crew of 50 on board.  There are two elevators to help navigate the vessel’s six decks as well as some of the standard amenities you’d expect guests to be able to enjoy on a luxury yacht. These include:

• A fully equipped gym
• A beauty salon
• A tender garage which houses several tenders as well as a variety of toys and water vehicles
• A large beach club
• Massive dining hall and bar area

No pictures of the interior of the yacht have been made public so, as bold as the exterior looks, the interior details are still mostly under wraps.

The Bottom Line

Nord is owned by Russian billionaire Alexei Mordashov. The estimated cost of the vessel is a steep $500 million. The yacht is one of the largest in the world at 466 feet in length. It can reach speeds of 18 knots and has space for as many as 36 guests with a crew of 50.

Like many Russian-owned yachts, the Nord was almost seized in 2020 as a result of sanctions against Russian oligarchs as a result of the war in Ukraine. However, the vessel was able to elude authorities and was last seen in the Seychelles

My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

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Yacht NORD – Elite $500M Superyacht

Owned by Russian billionaire businessman, yacht NORD is the tenth biggest yacht in the world.

The annual running costs are an incredible $40 Million per year due to her massive 142-meter length.

Yacht NORD interior

The interior of the NORD yacht was developed by Nuvolari Lenard, an Italian yacht designer who also worked on the exterior of the impressive vessel.

Twenty-four guests can be accommodated in twelve luxurious cabins, including a spacious owner’s suite. There is additional space below the deck for up to 40 crew members.

Although exact details of the interior of NORD remain private and unknown to the public, the yacht is said to have two elevators, a large gym, a sauna, a beauty salon, and a cinema.

Lenard and his design studio are known for their upscale and aesthetically pleasing layouts, which are usually kept in earth tones and natural colors.

The Italian designer also worked on Mordashov’s smaller yacht, the LADY M, where he designed both the interior and exterior.

NORD specifications

The NORD yacht has a total length of 142 meters (465.1 ft). Her beam is 19.5 meters (64 ft) long, and her draft measures 5.4 meters (17.9).

The massive yacht weighs 9,259 tons. Her four MTU engines allow her to reach top speeds of 25 knots, although her average cruising speed lies closer to 20 knots.

NORD exterior

The exterior of the NORD yacht was designed by Nuvolari Lenard and his experienced Italian design studio which is considered one of the most exclusive in the world.

The yacht is white with dark blue elements on the top decks, creating a streamlined effect and making the vessel appear even more elegant.

She has two separate helipads, one of which even has a collapsible helicopter hangar that can store smaller aircraft.

On the aft of the yacht, there is a sizeable swimming pool and beach club. NORD has a high-quality steel hull and impressive aluminum superstructure. 

The owner purchased NORD for a price of US $500 million in 2021. The yacht is estimated to incur running costs of US $40 to 50 million annually.

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News | World

Revealed: Luxury interior of Russian oligarch’s $500m superyacht after he sails it to Vladivostok ‘to evade Western sanctions’

The sumptuous interior of a sanctioned Russian oligarch’s yacht was exposed after customs officers posted a video on social media .

Alexei Mordashov’s $500 million floating palace Nord docked in Vladivostok after he reportedly feared it would be seized in the Seychelles .

Normally Moscow ’s billionaire set ply the waters of more exotic locations, and the sight of the 465ft Nord has stunned locals in Russia’s Pacific capital.

They are rushing to take selfies with the elite vessel, and customs officers who inspected the ship on arrival in port.

They were escorted around the ship by one of the crew, wearing shorts.

The video shows how well 56-year-old oligarch Mordashov - worth $21.2 billion according to Forbes - has done since he graduated from Northumbria University in England.

“We can see the interiors of several decks, Toyota Land Cruiser Prado cars, all-terrain vehicles, jet skis, motor boats, and a bathyscaphe,” said one local media account.

On a tour of the ship, a customs officer looks inside the 5-star facilities and says: “Business class room.”

The crew member corrects him saying: “First class”.

A customs man inspects one of several drinks cabinets, and comments disapprovingly: “No Russian vodka.”

The oligarch’s study was shown, and a shower room and pantry.

Mordashov is the main owner of Severstal, Russia’s largest steel and mining company.

Due to the video, the smart interior of the ocean-going yacht with its own swimming pool has been exposed for all to see.

“This is how the wealthy live even when they’re sanctioned,” said one comment.

“Mordashov won’t get any sympathy here.”

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Andrey Prokopchuk, a trade unionist, said: “Previously, serious guys used to tattoo the word ‘North’ [Nord] on their arms.”

It meant they had served time in a jail in Siberia or the Arctic.

“Today our serious boys have changed and named their mega-yachts like this.”

Others were more sympathetic.

“I am amazed at the ingenuity of the owner of this beauty,” said Yulia Ivanova.

“To sail this work of art for 20 days to its native land.”

The yacht costs $50 million to run but it remains out of reach of Western countries while in Russian waters.

Another Mordashov yacht worth $71 million and property worth $116 million was seized in Italy due to EU sanctions.

“I have absolutely nothing to do with the emergence of the current geopolitical tension and I do not understand why the EU has imposed sanctions on me,” he told Russian state news agency TASS.

Nord sails under a Cayman Islands flag.

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The best photos of 142m Lürssen superyacht Nord

The 142 metre Lürssen superyacht Nord is one of the largest and most secretive superyachts completed in 2021 . When she hit the water she joined the exclusive club of 100m+ superyachts and has swiftly become a favourite among yacht spotters and enthusiasts alike. We take a closer look at Lürssen's mega build...

Nord's helidecks

Nord is home to two helicopter landing pads allowing guests to come and go as they please in total privacy. The first can be found on the bridge deck aft with a retractable hangar that can concertina into the superstructure when not in use; a second larger helipad is positioned on the bow. 

Nord in the Indian Ocean

Nord has already racked up some serious mileage since her delivery in Feburary 2021. She departed Gibraltar in April and headed straight to the Caribbean to catch the last of the winter cruising season. After a brief stay back at the Lürssen shipyard she spent summer cruising the Mediterranean before heading down through the Suez Canal and into the Indian Ocean.

If her champagne-tinted hull wasn't enough to make this vessel stand out, its nameplate certainly makes sure people know Nord is in town. Its unusual flared bow starts to square off as it meets the foredeck, which allows for a nameplate to be emblazoned across the front (and it even lights up at night).

Nord on the move

Nord was pictured here on sea trials under her build name Project Opus. The North Sea is a rite of passage for superyachts leaving the Lürssen shipyard and Nord was no exception.

Designed by Italian design studio Nuvolari Lenard , Nord features a total of six decks, which can all be seen clearly here. Speaking about the superyacht, studio co-founder Dan Lenard previously described Nord as "a warship wearing a tuxedo". The yacht is specifically intended for long-range cruising and global exploration.

Nord at dusk

In some lights, Nord's distinct hull colour seems to turn to gold with turquoise LEDs illuminating her nameplates and accents of the superstructure. 

Nord at night

Nord's aft name plate lights up as night falls, while bright lighting illuminates the decks. One of Nord's fleet of tenders, the largest of which measures 15 metres, can also be seen here moored to the stern of the yacht. 

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Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings.

• The Justice Department is seeking permission to sell Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov.
• Attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the "excessive costs" of maintenance and crew, which it said could total $922,000 a month.

"It is excessive for taxpayers to pay nearly a million dollars per month to maintain the Amadea when these expenses could be reduced to zero through [a] sale," according to a court filing by U.S. prosecutors on Friday.

The monthly charges for Amadea, which is now docked in San Diego, California, include $600,000 per month in running costs: $360,000 for the crew; $75,000 for fuel; and $165,000 for maintenance, waste removal, food and other expenses. They also include $144,000 in monthly pro-rata insurance costs and special charges including dry-docking fees, at $178,000, bringing the total to $922,000, according to the filings.

Sign up to receive future editions of  CNBC's Inside Wealth newsletter  with Robert Frank.

The battle over Amadea and the costs to the government highlight the financial and legal challenges of seizing and selling assets owned by Russian oligarchs after the country's invasion of Ukraine. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine's war effort.

Her comments echoed government calls in the spring of 2022 to freeze the yachts, private jets and mansions of Russian billionaires in hopes of putting pressure on Russian President Vladimir Putin and raising money for the war effort.

Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly. In London, Russian billionaire Eugene Shvidler has waged a court battle over his private jets that were impounded, and Sergei Naumenko has been appealing the detention of his superyacht Phi.

The battle over Amadea began in April 2022, when it was seized in Fiji at the request of the U.S. government, according to the court filings.

Though the U.S. alleges that the yacht is owned by Kerimov, who made his fortune in mining, attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

In court filings, Khudainatov's attorneys have objected to the U.S. government's efforts to sell the yacht, saying a rushed sale could lead to a distressed sale price and that the maintenance costs are minor relative to the potential sale value.

Khudainatov's attorneys refuse to pay the ongoing maintenance costs as long as the government pursues a sale and forfeiture. However, they say their client will reimburse the U.S. government for the more than $20 million already spent to maintain the yacht if it's returned to its proper owner.

In court papers, the government says Kerimov disguised his ownership of Amadea through a series of shell companies and other owners. They say emails between crew members show Kerimov "was the beneficial owner of the yacht, irrespective of the titleholder of the vessel."

The emails show that Kerimov and his family ordered several interior improvements of the yacht, including a new pizza oven and spa, and that between 2021 and 2022, when the boat was seized, "there were no guest trips on the Amadea that did not include either Kerimov or his family members," according to the court filings.

The government also says Kerimov has been trying to sell Amadea for years, so a sale would be in keeping with his intent.

"This is not a situation in which a court would be ordering sale of a precious heirloom that a claimant desperately wishes to keep for sentimental reasons," the government said in filings.

Even if Amadea were sold quickly, the proceeds wouldn't automatically go to the government. Under law, the money would be held while Khudainatov and the government continue their battle in court over the ownership and forfeiture. Don't miss these stories from CNBC PRO:

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UFI approval for Moscow Boat Show

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Written by Zuzana Bednarova

September 17 was marked by meeting of the UFI Executive Committee. During the event, the Committe approved the admission of Crocus Expo IEC as a full member of UFI in categories of “Exhibition Organizers” and “Exhibition Centres. Moscow Boat Show has been granted the status of “UFI Approved Event”.

Moscow Boat Show

UFI, The Global Association of the Exhibition Industry is the association of trade show organizers, fairground owners, national and international associations of the exhibition industry, and its partners. As of 2012, it has 608 members in 224 cities from 86 countries covering 6 continents. The association members are responsible for the management and operation of over 4 500 profile events. The association represents more than 1 000 000 of exhibitors and more than 150 000 000 visitors.

The Crocus Expo Exhibition Centre is a listed member of the International Association of Congress Centres (AIPC), the Russian Union of Exhibitions and Fairs, the Guild of Exhibition and Fair Operators by the Moscow Chamber of Commerce and Industry. Donald Tramp fund has awarded Crocus Expo IEC Diamond Excellence Award.

Crocus Expo IEC is an ideal venue for running of large international and national exhibitions of different profile including congress events, conferences and scientific symposiums.About 50% of all exhibition events of Moscow take place in Crocus Expo and average exposition space load comprises 85%.

Moscow Boat Show provides the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continues to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

The exposition space will increase up to 45 000 sq m in 2013. More than 350 Russian and foreign companies will participate in the show. The scale of the project confirms confident positions of its positive development.

Moscow Boat Show is the largest project in Russia presenting all the best in the world of yachting. The exhibition annually shows high level of attendance and has already proved as significant and noteworthy event in the world of yachts and boats.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "UFI approval for Moscow Boat Show".

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