Court in Fiji approves U.S. warrant to seize Russian-owned mega-yacht

Fiji's High Court on Tuesday ruled that a massive Russian-owned yacht can be seized by U.S. authorities.

American and Fijian officials claim the Cayman Islands-flagged Amadea is the property of Suleiman Kerimov, an oligarch who built his fortune on gold mining. Kerimov was sanctioned in March by the United States, United Kingdom and European Union in response to the Russian invasion of Ukraine. 

But an attorney who represents Millemarin Investments, the company the $325 million ship is registered to, said it's not owned by Kerimov. Instead, he argued in court that corporate paperwork traces the ship's ownership to Eduard Khudainatov, a former executive at Russia's state-owned Rosneft oil company who has not been sanctioned.