Authorities seize superyachts belonging to Russian billionaires

When US President Joe Biden announced a taskforce to hunt down the assets of Russian billionaires, he made a very specific threat. 

“We will find and seize their yachts, their luxury apartments, their private jets,” he said in response to the Russian invasion of Ukraine. 

By seizing the prized possessions of Russian oligarchs, the US and its allies hope to put pressure on the men who help keep President Vladimir Putin in power. 

By Rebecca Armitage and Lucy Sweeney

For the full story, see: https://www.abc.net.au/news/2022-03-08/russia-ukraine-sanctions-billionaires-superyachts-seized/100888176

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