Taxpayers Stuck Paying the Bills for Oligarchs' Seized Yachts and Mansions.

Keywords: wsjworld; photo-commission; leder; Asia; BRICS Countries; Emerging Market Countries; Developing Economies; Central/Eastern Europe; Europe; North America EN wsjworld photo-commission leder Asia BRICS Countries Emerging Market Countries Developing Economies Central/Eastern Europe Europe North America N.PAG N.PAG 1 09/27/23 20230926 NES 230926 Assets taken from sanctioned Russian billionaires are costly to maintain as legal hurdles hold up sales; $28,000 a week to keep mold out of the Alfa Nero FALMOUTH HARBOUR, Antigua and Barbuda - Two dozen armed police and five FBI agents fanned out across the harbor here early one morning last year. The Italian government last year earmarked €13.7 million, or about $14.8 million, to cover urgent maintenance costs of assets such as yachts and villas. They raided the Alfa Nero, a 270-foot megayacht believed to be owned by Andrey Grigoryevich Guryev, a Russian phosphates magnate sanctioned by the U.S. for links to President Vladimir Putin. [Extracted from the article]