The US has issued a seizure warrant for another super yacht in Spain called Tango owned by a Russian billionaire named Victor Vexelberg. Italy has frozen four megayachts probably more than any other European country including one super yacht that has been linked to Vladimir Putin. Jailed Russian opposition leader Alexei Navalny's anti-corruption foundation has published a video. Now according to the video Vladimir Putin owns one of the world's largest yachts.
Since Russia invaded Ukraine in February, the US and other Western nations have imposed economic sanctions on scores of Russian billionaires close to President Vladimir Putin. They’ve also gone after their assets–including the enormous yachts prized by billionaires the world over.
But now comes the question: What will happen to them? Investigative Reporter Stephanie Baker joins this episode from London to share her reporting on big boats in legal limbo.
Learn more about this story here: https://bloom.bg/3TbFfzQ
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
See omnystudio.com/listener for privacy information.