By Rajan Laad
As part of the sanctions placed on Russia after its military intervention in Ukraine, there was a massive crackdown on Russian assets.
This involved the seizure of assets such as luxury yachts, cars, aircraft, art, and the freezing of bank accounts owned by Russian oligarchs.
Obviously, seizing and maintaining assets such as super-yachts is a massive undertaking that involves great expenditure.
So who is footing the bill for the upkeep of the vessels seized?
That mystery was revealed just yesterday by Biden’s national security adviser, Jake Sullivan.
