The Royal Romance, a 92-meter (300-foot) luxury yacht worth an estimated 200 million euros ($218 million), was seized by Croatian authorities in March 2022.

A luxury yacht belonging to Ukrainian oligarch Viktor Medvedchuk was officially transferred to the Ukrainian state on May 15, said Ukraine’s Agency for Investigation and Management of Assets, known by its Ukrainian acronym ARMA.

The Royal Romance, a 92-meter (300-foot) luxury yacht worth an estimated 200 million euros ($218 million), was seized by Croatian authorities in March 2022 in relation to EU sanctions imposed on Medvedchuk.

“This is a historic moment for our country,” said Shipping Administration head Yevhenii Ihnatenko.

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Ihnatenko added that profits from the sale of the yacht would be directed to Ukraine’s state budget.

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