Oligarchs Saying Do Svidaniya to Yachts
The U.S. and many European nations are seizing Russian oligarchs’ megayachts as part of the sanctions imposed after the Russian invasion of Ukraine. So far, authorities have seized (or tried to seize) oligarchs’ yachts in France, Italy and Germany, among other places. They are acting under both European Union and American sanctions. Addressing the oligarchs in his State of the Union speech, President Biden said “We are joining our European allies to find and seize your yachts, your luxury apartments, your private jets. We are coming for your ill-gotten gains.” The French Customs Service made one of the first seizures,…