The Amadea Was One of the First Yachts to Be Seized

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The Amadea was one of the first yachts to be seized. It happened last May when Fujian authorities executed a warrant, which the US government had asked them to. There's only been three other cases where Russian yachts have been successfully confiscated as far as we know. Why is it so difficult to seize yachts? They're pretty big, so they should be the easiest of assets to find.

There are similarities between the two economies set to be the fastest-growing this year—but their paths to greater prosperity will not look like those that came before. One of Australia’s most important river systems is in trouble, and a logjam of millions of dead fish is just one sign. And what to do with the abandoned luxury yachts of Russia’s super-rich.

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer