3min chapter

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US, EU Seized Russian Billionaires' Yachts. Then Came the Bill

Big Take

CHAPTER

Is There a Market for Seized Russian Super Yachts?

Stephanie: The US's intention is to sell the yachts once they're able to prove ownership. But who would buy Russian oligarchs? Stephanie: Is there a market for that? It's not like a super yacht has never been seized or stolen before. I think it will be very difficult in legal cases to prove that they are owned by sanctioned Russian oligarchs.

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