Guess Who is Footing The Bill For Impounded Oligarch Yachts

Published by
The Street

By Michael Tedder It turns out seizing massive naval vessels is expensive. As part of American sanctions against Russia for its unprovoked invasion of Ukraine, U.S. officials have stepped up efforts to seize the ruling elite’s toys and assets. As part of that, the Justice Department’s recently formed KleptoCapture unit has been tracking down and impounding everything from condos to superyachts and other signifiers of ostentatious wealth. Most of that haul has come fromRussian oligarchs and other high-profile allies of President Vladimir Putin KleptoCapture had one of its most high profile vict…

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