Russian Owner Challenges U.S. Sale Of Seized Oil Tanker Bella 1 Below Market Value To Block Recovery
The company is also fighting U.S efforts to confiscate other ships in its fleet, arguing that federal authorities are applying a legal double standard.
U.S authorities have been accused of selling a seized Russian oil tanker to a scrap dealer at a price far less than its true value to prevent the owner from regaining its possession, the lawyers representing the company said.
Burevestmarin LLC called the move ‘economically irrational’ and conducted ‘behind closed doors’ to serve the interests of the Government.
After the allegations, the U.S Justice Department was instructed to provide an official response by Friday 9.00 a.m.
The issue concerns a tanker named Bella 1, which was intercepted and later seized by the U.S. military in the North Atlantic Ocean in January after being chased for almost a week as it attempted to escape the American blockade of Venezuela while carrying Iranian oil.
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