Sold to Breakers as is Singapore
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ROYAL ROMANCE
Sold/Decommissioned
Ukraine’s Asset Recovery and Management Agency (ARMA) announced on April 2, 2026, that it has started practical steps for the sale of the 'Royal Romance' after completing key legal procedures, as the case moved into its final stage. The yacht is linked to the Russian politician Viktor Medvedchuk, who was placed under sanctions in 2021 by Ukraine’s National Security and Defence Council, which included freezing his assets and seizing property connected to him. The yacht is currently under the jurisdiction of Croatia. it has been transferred to the ARMA for management and sale based on a ruling by an investigating judge. One of the main developments in the case was the completion of the pre-trial investigation. Ukraine’s Prosecutor General’s Office has already sent the indictment to court, and the case was now in its trial stage. Legal documents related to the case have also been shared with Croatian authorities as part of international legal cooperation. The ARMA was working on valuing the yacht, deciding how it could be sold, and making sure the process remained transparent and open.The plan included recognising the Ukrainian court decision, completing the sale, and transferring the money to state accounts. The funds were then to be distributed between jurisdictions as required. The case has faced resistance from parties linked to Medvedchuk. This included attempts to delay the process and use legal steps to block the progress. Such actions were, however, expected by the ARMA, and the risks have already been reported to the relevant authorities. At the same time, the ARMA is also handling other assets connected to Medvedchuk. In the case of the yacht 'Amore Mio', the main difficulty was finding its location.To address this, the agency worked with international organisations such as Interpol, Europol and the IMO. As a result, the vessel has been added to Interpol’s Stolen Vessels database, allowing authorities around the world to track its movements.
