A Russian oligarch's $90 million seized superyacht could be auctioned off by the US if running costs climb, a report says

If running costs become too expensive, the US government could sell the seized superyacht at an auction.

The US seized the luxury vessel Tango in Spain in April. The US Department of Justice said in a press release that the owner was a Russian billionaire.

Many Russian-owned yachts that were seized after the country invaded Ukraine are now in limbo as Western authorities decide what to do. Experts previously told Insider that the vessels could become an environmental hazard without proper care.

The government can go to the court if it becomes too expensive to maintain and store.

The government is responsible for the running and storage costs of any yacht it detains, until it gets sold on, according to The Daily Beast.

According to The Daily Beast, Vekselberg could not stop the government from selling Tango at an auction for fair market value and turning it into a liquid asset.

Benjamin Maltby, a partner at Keystone Law who specializes in superyachts, previously told Insider that the annual maintenance costs of a yacht can add up to 20% to its value. Vekselberg's superyacht could cost up to $18 million a year to keep running.

According to Super Yacht Fan, Tango can hold 14 guests and 22 crew.