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Reuters
Reuters
World
By Joan Faus and Layli Foroudi

Exclusive-Spain, France have owners pay for yachts frozen under Russia sanctions

FILE PHOTO: The yacht called "Lady Anastasia" owned by Russian oligarch Alexander Mikheyev is seen at Port Adriano in the Spanish island of Mallorca, Spain March 15, 2022. REUTERS/Juan Medina/File Photo

Spain and France have authorized the owners of superyachts frozen under sanctions against Russian businessmen to pay for their upkeep, three sources told Reuters.

In Spain, six vessels were frozen following sanctions imposed after Russia's invasion of Ukraine in February. The "majority" of the owners are paying their maintenance, crew, docking and insurance fees, a source with knowledge of the matter said.

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