The Superyacht Royal Romance, which is estimated to value over $200 million and owned by Viktor Medvedchuk, an oligarch and friend of Vladimir Putin who is under sanctions, is to be sold at auction after its seizure in Croatia.
Superyacht Royal Romance: Key Features
The Royal Romance is a 92.5-meter luxury yacht built by Feadship as hull #1005 and designed by De Voogt Naval Architects.
It can travel at a top speed of 15 knots (28 km/h) thanks to twin MTU 3,004 hp diesel engines, which give her a combined power of 6,008 hp (4,480 kW).
The hull is built out of steel, while the material of the superstructure is made out of aluminum with teak-laid decks.
The yacht is Lloyd’s registered and issued by Cayman Islands.
Luxurious Features
It was delivered to its owner, Viktor Medvedchuk, in July 2015 and has an estimated value of more than $200 million.
The yacht has cabins for 14 guests and space for 21 crew, as well as a 4-meter-wide swimming pool with a flowing waterfall cascading over the stern.
The interior design of the yacht was done by Seymour Diamond.
Croatian Court Orders
In March 2022, the Superyacht Royal Romance was wrongfully arrested in the Croatian port of Rijeka. The Croatian court said that the yacht should be transferred to the Ukrainian Asset Recovery and Management Agency (ARMA), which will sell it at auction to maintain the economic value. The sale funds will go directly to supporting the people of Ukraine.
Who is Viktor Medvedchuk?
Viktor Medvedchuk is a former Ukrainian lawyer, business magnate and statesman. He has been residing in Russia since September 2022 after his transfer to Russian custody during a prisoner exchange.
He shares a personal relationship with President Vladimir Putin.
He is a prominent figure is Ukraine with close ties to Moscow and his prominence is such that his name circulated even in the US during 2016 American Elections.
Sanctions on Viktor Medvedchuk
- In 2014, the U.S. Treasury Department sanctioned Medvedchuk for his role in undermining Ukrainian sovereignty.
- In February 2021, Ukraine announced sanctions on Medvedchuk, a prominent opposition party leader with ties to the Kremlin.
- The U.S. Treasury Department is in charge of managing the OFAC sanctions list, which includes Medvedchuk.
FAQ – Royal Romance
Q.1 Who owns the Superyacht Royal Romance?
The Royal Romance yacht is owned by Viktor Medvedchuk, a pro-Kremlin Ukrainian politician and a personal friend of Russian President Vladimir Putin.
Q.2 What are the key features of the Superyacht Royal Romance?
The Royal Romance is a 92.5-meter luxury yacht with cabins for 14 guests and space for 21 crew. It has a 4-meter-wide swimming pool with a flowing waterfall cascading over the stern. Seymour Diamond was in charge of the yacht’s interior design. The yacht can travel at a top speed of 15 knots (28 km/h) thanks to twin MTU 3,004 hp diesel engines, which give her a combined power of 6,008 hp (4,480 kW). The hull is built out of steel, while the material of the superstructure is made out of aluminum with teak-laid decks. The yacht is Lloyd’s registered and issued by Cayman Islands.
Q.3 Why was the Superyacht Royal Romance seized?
The yacht was seized in Croatia earlier this year because its owner, Viktor Medvedchuk, is under sanctions for his role in undermining Ukrainian sovereignty and violating Ukrainian sovereignty. The Croatian court has ruled that the yacht should be transferred to the Ukrainian Asset Recovery and Management Agency (ARMA), which will sell it at auction to maintain its economic value. The sale funds will go directly to supporting the people of Ukraine.
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