ARMA put Medvedchuk’s arrested yacht up for sale
22.03.2024 - 10:41
The Agency for Search and Asset Management has put up for sale the arrested elite yacht of oligarch Viktor Medvedchuk.
On Wednesday, March 20, a meeting of the Commission on Competitive Selection of Legal Entities, which implements the sale of seized assets, was held, АРМА reported.
It is about the realization of the yacht of the collaborator Viktor Medvedchuk “Royal Romance”, which is located in the port of the Croatian city of Trogir.
Read also: Swimming pool and elevators: Medvedchuk’s yacht was shown from the inside for the first time (video)
For the first time in the history of Ukraine and the practice of ARMA, a tender was launched for the sale of seized assets located abroad.
“Today we are experiencing a truly historic event not only for ARMA, but also for Ukraine. We are putting up for sale a valuable asset – a yacht belonging to Viktor Medvedchuk,” said Grigol Katamadze, head of the competition commission.
Commission member Stanislav Petrov noted that this is the first and far from the last arrested asset that will serve and work for the good of Ukraine.
It is also important that ARMA has officially received documents from the Croatian law enforcement and judicial authorities regarding the absence of any other encumbrances, restrictions or civil agreements that could prevent ARMA from selling the said asset.
Read also: The crew of the arrested yacht continues to receive salaries from Medvedchuk
According to the results of the selection, the winner of the competition will organize and conduct a public sale of a valuable asset, and the funds from the sale will be directed to the defense capability of Ukraine.
Documents from potential organizers of global auctions will be accepted until April 18. They can only be legal entities, both residents and non-residents.
Legal entities that meet a number of criteria can participate in the competition. Among the main ones:
• not be under sanctions and not have sanctioned persons in the list of owners or ultimate beneficiaries;
• not to have among the ultimate beneficiaries owners as part of the founders of representatives of the aggressor countries (Russian Federation, Republic of Belarus);
• have at least three years of experience in organizing the sale of assets such as yachts at the international level on electronic auctions based on the auction principle;
• have an impeccable business reputation.
The winner will be announced on April 23, 2024.
In February of this year, the Cabinet of Ministers approved the sale of the seized yacht. The Agency for Search and Asset Management (ARMA) was entrusted with the implementation.
At the end of January 2024, the District Court of the city of Split (Croatia) decided to transfer the “Royal Romance” yacht to Ukraine. It is known that the ship requires annual costs of $15-20 million.
Previously, USM reported that in order to realize the arrested yacht of Viktor Medvedchuk, who is suspected of treason, it was necessary to make changes to the legislation.
