Help us end the fiscal year strong. Donate by June 30. Give Now

Floating liabilities: Western authorities grapple with the cost of seizing oligarchs’ superyachts

May 19, 2022
Detaining luxury vessels worth hundreds of millions of dollars was the easy bit. Maintenance runs about 10% of the yachts' value.
Above, a superyacht with suspected links to a Russian oligarch is docked in the Dominican Republic. For governments, seizing the pricey vessels comes with outrageous maintenance costs.
Ethan Swope/Getty Images