A $120 million megayacht linked to a Russian billionaire was seized by authorities, and now residents of a small Caribbean nation are paying $28,000-a-week to maintain it, report says

Mon, 09/25/2023 - 08:17

A 270-foot megayacht is docked in Venice with the city seen behind and one smaller boat passing by — The Alfa Nero docked in Venice.
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A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months.
The Caribbean nation tried to auction it off, before a legal action was filed against it.
Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ.

A 270-foot megayacht seized by the Antigua and Barbuda government has landed taxpayers in the small Caribbean nation with a $28,000 weekly bill to maintain it, The Wall Street Journal reported.