Fiji court refuses stay of execution of US warrant to seize Russian-owned superyacht

FILE - The superyacht Amadea is docked at the Queens Wharf in Lautoka, Fiji, on April 15 2022. The superyacht that American authorities say is owned by a Russian oligarch previously sanctioned for alleged money laundering has been seized by law enforcement in Fiji, the U.S. Justice Department announced Thursday, May 5. (Leon Lord/Fiji Sun via AP, File)

The Suva High Court in Fiji on Friday refused an application by Millemarin Investments Ltd, which owns the $300-million superyacht Amadea, for a stay of execution of a US warrant to seize the yacht.

A stay of execution is a court order to temporarily suspend the implementation of a court order or judgement.

The $300-million yacht belonging to Russian oligarch Suleiman Kerimov was seized by Fijian authorities on Thursday at the request of the US Department of Justice.