US Plans to Auction Russian Oligarch’s $7 Million-a-Year-Yacht
The U.S. government is spending over $7 million annually to maintain a seized superyacht from a sanctioned Russian oligarch, urging a judge to auction it off. Fiji confiscated the $300 million, 348-foot yacht, challenging ownership claims from another Russian figure. Prosecutors argue for an auction while the dispute is unresolved, with potential proceeds going to Ukraine.