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Russia will have no use for the US dollar in the foreseeable future, according to the head of the State Duma Financial Market Committee, Anatoly Aksakov. The lawmaker explained that Western sanctions against Russia make it impossible for the country to purchase many American and European goods, which “makes their currencies useless.”

The US government is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian businessman and that it is now seeking to sell, a court filing from Friday showed.