Two dozen armed police and five FBI agents fanned out across the harbor here early one morning last year. They raided the Alfa Nero, a 270-foot megayacht believed to be owned by Andrey Grigoryevich Guryev, a Russian phosphates magnate sanctioned by the U.S. for links to President Vladimir Putin. 

Ever since, the $120 million yacht—nearly the length of a football field and outfitted with an infinity pool that transforms into a dance floor—has sat idle in this sleepy harbor. It’s a floating reminder of the West’s economic war against Russia and the difficulties in managing and offloading billions in seized Russian assets. It has also become a nightmare for this tiny country of 93,000. 

Taxpayers of this cash-strapped nation are currently paying $28,000 a week to maintain the stationary boat, including the salary of an Italian captain and $2,000 a day in diesel to keep its air conditioning running. If it turns off, mold will spread through the vessel within 48 hours, potentially damaging its hardwood interior and the Miro painting on board. A skeleton crew of six—having eaten through the boat’s supply of Champagne, lobsters and caviar—toils to ensure the vessel can one day be sailed away.