Sold to Chittagong Breakers
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ROYAL ROMANCE
Sold/Decommissioned
The 'Royal Romance' belonging to the oligarch Viktor Medvedchuk, has been granted a certificate of the right to fly the state flag of Ukraine on May 15, 2024, and the corresponding changes have already been registered with the International Maritime Organization (IMO). This statement was made by the Ukrainian Asset Recovery and Management Agency (ARMA). Through joint efforts of the Asset Recovery and Management Agency and the Shipping Administration, the seizedluxury yacht Royal has been granted the status of a Ukrainian vessel, which means that the vessel is under Ukrainian jurisdiction. According to Shipping Administration Head Yevhen Ihnatenko, the corresponding changes were registered with the IMO. This will facilitate the further sale of the seized yacht and the transfer of the proceeds to the state budget of Ukraine. The Dutch auction house, Troostwijk Auctions, won the ARMA’s tender to auction the seized yacht, but refused to sign a further agreement to organize the auction. The yacht, worth an estimated 200 million Euros, was seized by Croatian authorities in March 2022 in relation to EU sanctions imposed on Medvedchuk.
