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We Seized The Oligarchs’ Yachts. Now We’re Stuck Paying The Bill.

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Source: Forbes
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  • description: After Putin invaded Ukraine, Western governments grabbed almost two dozen luxury vessels to punish him and his cronies. Great PR move but terrible economics, as four years later many of them are rotting in their berths, costing taxpayers millions. Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2026/07/26/inside-the-seized-superyacht-fiasco-thats-costing-taxpayers-millions/ Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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