"US Spends $20 Million on Seized Russian Oligarch's Superyacht Maintenance"

1 min read
Source: CNN
"US Spends $20 Million on Seized Russian Oligarch's Superyacht Maintenance"
Photo: CNN
TL;DR Summary

The US government has spent around $20 million to maintain a luxury superyacht seized from Russian oligarch Suleiman Kerimov, who allegedly violated US sanctions. The monthly costs to maintain the yacht total roughly $922,000, prompting federal prosecutors to seek permission to sell the vessel, which has been docked in San Diego. The yacht's recent appraisal values it at $230 million, and while potential buyers have come forward, a legal battle over its ownership and potential sale continues.

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