Taxpayers Foot $28,000 Weekly Bill for Seized Russian Yacht: WSJ

A $120 million Russian megayacht, the Alfa Nero, seized by the Antigua and Barbuda government and linked to a Russian billionaire, is costing taxpayers in the small Caribbean nation $28,000 per week to maintain. The yacht has been docked in Antigua's Falmouth Harbor for 19 months, and despite attempts to auction it off, a legal action has prevented the sale. The maintenance costs include the salary of an Italian captain and daily expenses for diesel to keep the air conditioning running. The yacht's presence has become a financial burden for the country's residents.