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Taxpayers Stuck Paying the Bills for Oligarchs’ Seized Yachts and Mansions

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

By Max ColchesterJosé de Córdoba and Margherita Stancati

FALMOUTH HARBOUR, Antigua and Barbuda—Two dozen armed police and five FBI agents fanned out across the harbor here early one morning last year. 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.

Read Full Article Here…(wsj.com)


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