#Bestof2022: White Elephants that float: #Ukraine: Seizing yachts; & What is to be done? Richard A Epstein, @RichardAEpstein, @HooverInst, Tisch Professor of Law NYU Bedford Senior Fellow; Hoover Institution; senior lecturer, University of Chicago Law S
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 7 April 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
@Batchelorshow
Wuhan
#Bestof2022: White Elephants that float: #Ukraine: Seizing yachts; & What is to be done? Richard A Epstein, @RichardAEpstein, @HooverInst, Tisch Professor of Law NYU Bedford Senior Fellow; Hoover Institution; senior lecturer, University of Chicago Law School.
(Originally posted June7, 2022)
https://www.msn.com/en-us/money/news/russian-superyacht-docked-in-national-city-costs-1m-per-month-to-maintain/ar-AA19u7wf
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is CBS Eye on the World. I'm John Batcher with Professor Richard Epstein of the Hoover |
| 0:09.8 | Institution who does me the favor to comment on a phenomenon that we witness during these |
| 0:15.2 | days of Ukraine crisis, the seizure of fantasy yachts across the European plane. I have in |
| 0:23.2 | front of me the named yachts, odd names, United Kingdom detained the yacht belonging to |
| 0:29.3 | an unnamed Russian businessman or authorities in Gibraltar have detained the yacht linked |
| 0:34.6 | to a Russian billionaire Dmitry Pompionsky or Spanish authorities have detained a super yacht |
| 0:40.7 | named Crescent in the port of Taragonia. It goes on Italian authorities, French authorities, |
| 0:46.4 | seizing yachts and connection with oligarchs who are connected to Vladimir Putin who is said to |
| 0:53.7 | be responsible for the illegal conduct of the Russian military in Ukraine. Fine. However, |
| 1:00.4 | the question I put to the professor and he's very kind to come forward on this is these seizures. |
| 1:07.1 | It strikes me that these are actions of NATO and if that's true, US is part of NATO. Does the |
| 1:14.2 | US have power as we're witnessing our European allies to seize yachts in a marina or on the high |
| 1:22.3 | seas. This of course suggests that romantic concept of the letters of Mark taking us to the |
| 1:26.8 | Napoleonic Wars. But in any event the seizing of ships in lieu of punishment in lieu of damages |
| 1:34.8 | strikes me as needing some justification, some legal bounds. Is that correct Richard? It needs legal |
| 1:42.5 | boundaries. Well, I mean let's put it this way certainly needs a close illegal analysis. But one |
| 1:47.8 | of the things that we have discovered is that the original constitutional structure which says |
| 1:52.8 | Congress out the power to declare war and to issues rich of Mark and reprisal. A rid of Mark is |
| 1:59.7 | essentially authorised as a private tier to attack a nation with which you are at war, stress, |
| 2:05.5 | at war and to interrupt and to seize their shipping and then you bring it back to a price court in |
| 2:11.0 | the United States and it could be awarded to you. The advantage to the United States and it |
| 2:16.3 | doesn't have to equip the Navy in order to do this. The advantage to the private tiers, he gets |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from John Batchelor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of John Batchelor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.