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A pro-Kremlin oligarch's impounded yacht is being auctioned off — with the money going to Ukraine

Summary by Business Insider
The Barcolana yacht owned by Russian Andrey Igorevich Melnichenko, seized by Italian police in October 2022. For illustration purposes only.Reuters/ALESSANDRO GAROFALOA Dutch auction house is selling the seized yacht of a pro-Kremlin oligarch, per a Ukraine agency.Ukraine said it's the first seized asset to be sold to help support the country.The move is a "turning point" that could pave the way for similar efforts abroad, it said.A Dutch auctio…

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A pro-Kremlin oligarch's impounded yacht is being auctioned off — with the money going to Ukraine

The Barcolana yacht owned by Russian Andrey Igorevich Melnichenko, seized by Italian police in October 2022. For illustration purposes only.Reuters/ALESSANDRO GAROFALOA Dutch auction house is selling the seized yacht of a pro-Kremlin oligarch, per a Ukraine agency.Ukraine said it's the first seized asset to be sold to help support the country.The move is a "turning point" that could pave the way for similar efforts abroad, it said.A Dutch auctio…

·New York, United States
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Business Insider broke the news in New York, United States on Wednesday, April 24, 2024.
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