The superyacht 'Amadea' is docked at the Queens Wharf in Lautoka, Fiji. AP
The superyacht 'Amadea' is docked at the Queens Wharf in Lautoka, Fiji. AP
The superyacht 'Amadea' is docked at the Queens Wharf in Lautoka, Fiji. AP
The superyacht 'Amadea' is docked at the Queens Wharf in Lautoka, Fiji. AP

Fiji seizes $300m superyacht ‘Amadea’ from sanctioned Russian oligarch


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A Fiji court on Tuesday ordered the seizure of a superyacht reportedly owned by a Russian oligarch who is under sanctions, officials have said.

A restraining order filed last month by the Pacific island nation's director of public prosecutions revealed the US's intention to seize the vessel.

The yacht Amadea arrived in Fiji early last month, after leaving Mexico and crossing the Pacific.

It is estimated to be worth more than $300 million and has been linked in some reports to Russian oligarch Suleiman Kerimov, a target of US and European Union sanctions over Russia's invasion of Ukraine.

Several yacht-tracking sites list Mr Kerimov as the owner but this could not be independently confirmed.

The court in the Pacific island's capital Suva “has granted the order to seize the superyacht Amadea” after a US warrant for its seizure was filed last month, Fiji's director of public prosecutions said in a statement.

The court had already ruled on April 19 that Fijian authorities could block the vessel from leaving the country's territorial waters while awaiting a decision on the US warrant.

The 107-metre superyacht has a pool, Jacuzzi, helipad and “winter garden” on the sun deck, the website superyachtfan.com says.

US seizes Russian oligarch's yacht – in pictures

  • A US Homeland Security Police agent climbs on board the 'Tango' superyacht, belonging to Russian oligarch Viktor Vekselberg, which was seized on behalf of US authorities, as it is docked in Mallorca, Spain. Reuters
    A US Homeland Security Police agent climbs on board the 'Tango' superyacht, belonging to Russian oligarch Viktor Vekselberg, which was seized on behalf of US authorities, as it is docked in Mallorca, Spain. Reuters
  • Spanish civil guards and US agents of Homeland Security and the FBI search a yacht owned by Russian billionaire Viktor Vekselberg in Palma de Mallorca, Spain. AFP
    Spanish civil guards and US agents of Homeland Security and the FBI search a yacht owned by Russian billionaire Viktor Vekselberg in Palma de Mallorca, Spain. AFP
  • The seized yatch 'Tango' moors in the port of Palma de Mallorca. It was seized by authorities in concordance with US sanctions imposed against oligarchs and their assets being frozen in response to the Russian invasion of Ukraine. EPA
    The seized yatch 'Tango' moors in the port of Palma de Mallorca. It was seized by authorities in concordance with US sanctions imposed against oligarchs and their assets being frozen in response to the Russian invasion of Ukraine. EPA
  • The unidentified prosecutor of the case disembarks 'Tango', followed by Spanish civil guards and US federal agents, in Palma de Mallorca. EPA
    The unidentified prosecutor of the case disembarks 'Tango', followed by Spanish civil guards and US federal agents, in Palma de Mallorca. EPA
  • The 'Tango' is seized by authorities. EPA
    The 'Tango' is seized by authorities. EPA
  • The 'Tango' belongs to Renova Group chief Viktor Vekselberg and was seized in the port of Palma de Mallorca, Spain. EPA
    The 'Tango' belongs to Renova Group chief Viktor Vekselberg and was seized in the port of Palma de Mallorca, Spain. EPA
  • A civil guard and a police dog walk off the yacht. AP
    A civil guard and a police dog walk off the yacht. AP
  • The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russia's President Vladimir Putin, US Treasury Department documents have claimed. AP
    The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russia's President Vladimir Putin, US Treasury Department documents have claimed. AP

A superyacht agent in Fiji acting for the Amadea told Reuters the vessel's lawyers were contesting that Mr Kerimov was the owner.

Registration records viewed by Reuters show the yacht is registered to a company in the Cayman Islands.

Mr Kerimov was sanctioned by the US in 2014 and 2018 in response to Russia's actions in Ukraine and Syria.

Authorities in various countries have seized luxury vessels and villas owned by Russian billionaires in response to sanctions imposed over the invasion of Ukraine, which Moscow calls a special military operation.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Australia squads

ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.

T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Specs

Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Company%20profile
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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final

If%20you%20go
%3Cp%3E%0DThere%20are%20regular%20flights%20from%20Dubai%20to%20Addis%20Ababa%20with%20Ethiopian%20Airlines%20with%20return%20fares%20from%20Dh1%2C700.%20Nashulai%20Journeys%20offers%20tailormade%20and%20ready%20made%20trips%20in%20Africa%20while%20Tesfa%20Tours%20has%20a%20number%20of%20different%20community%20trekking%20tours%20throughout%20northern%20Ethiopia.%20%20The%20Ben%20Abeba%20Lodge%20has%20rooms%20from%20Dh228%2C%20and%20champions%20a%20programme%20of%20re-forestation%20in%20the%20surrounding%20area.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Small%20Things%20Like%20These
%3Cp%3EDirector%3A%20Tim%20Mielants%3Cbr%3ECast%3A%20Cillian%20Murphy%2C%20Emily%20Watson%2C%20Eileen%20Walsh%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

SHOW COURTS ORDER OF PLAY

Wimbledon order of play on Tuesday, July 11
All times UAE ( 4 GMT)

Centre Court

Adrian Mannarino v Novak Djokovic (2)

Venus Williams (10) v Jelena Ostapenko (13)

Johanna Konta (6) v Simona Halep (2)

Court 1

Garbine Muguruza (14) v

Svetlana Kuznetsova (7)

Magdalena Rybarikova v Coco Vandeweghe (24) 

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Updated: May 03, 2022, 10:13 AM