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Croatian court rules to transfer seized yacht 'Royal Romance' belonging to Medvedchuk to Ukraine

25 Jan, 2024
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Croatian court rules to transfer seized yacht 'Royal Romance' belonging to Medvedchuk to Ukraine

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In Croatia, the district court of the city of Split, based on a request for international legal assistance, has decided to transfer the yacht "Royal Romance," formerly owned by former Member of Parliament Viktor Medvedchuk, to Ukraine.

This information was reported by the head of the Asset Recovery and Management Agency (ARMA), Olena Duma.

She noted that this information was provided by the State Secretary of the Ministry of Foreign and European Affairs of the Republic of Croatia, the head of the interdepartmental working group to support Ukraine, Frano Matušić. The head of ARMA also added that assurances were received that Croatia expects the "speediest transfer of the vessel to Ukraine" and believes that there are no legal obstacles for this.

Duma also emphasized that ARMA has obtained approval for a re-examination of this asset and, after its assessment, plans to proceed with its realization.

"The sale of this lot will be the first example of the realization of seized assets located abroad," wrote Duma.

At the same time, she noted that "the seized yacht temporarily sailed on January 25, 2024, to confirm its technical capability, buoyancy, and engine operation."

This was done in accordance with the court's decision.

The Odessa Journal

The Odessa Journal

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