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

BARCELONA/PARIS, Oct 20 (Reuters) - 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.

Sourse: Reuters