# @morningbrew on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Ctu7LLqszD4
- **Gondola URL:** https://gondola.cc/posts/7651472-morningbrew-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/83e6875252.jpg
- **Posted:** 2023-06-21T01:00:32.000+00:00
- **Account Owner:** Morning Brew ☕️ (@MorningBrew) — https://gondola.cc/MorningBrew

## Caption

It pays to seize Russian superyachts.⁠
⁠
That’s what Antigua learned this week, as the sale of a superyacht it had blocked from leaving port since February '22 netted the country ~$63 million.⁠
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Sold at auction to former Google exec Eric Schmidt for $67.6 million, Antigua made out like bandits.⁠
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The country had been paying roughly $100,000 per month to keep the ship maintained and fully staffed, with the total cost of their efforts over the last year and a half totaling $3.7 million (which will be more than covered once the sale is finalized).⁠
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The yacht sale is a huge boon for the small island nation, with the $63 million in profit boosting its GDP by around 4%. As of 2021, its GDP stood at ~$1.47 billion.⁠
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#antigua #barbuda #yacht #superyacht #gdp #businessnews

## Stats

- **Views:** 0
- **Likes:** 10,461
- **Shares:** 0
- **Comments:** 173

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Morning Brew ☕️ | @MorningBrew | https://gondola.cc/MorningBrew | Media Company |
| Liam Fennessy | @LiamFennessy_ | https://gondola.cc/LiamFennessy_ | Social Media Assistant |

## Tags

superyacht, antigua, businessnews, barbuda, yacht, gdp

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