Share this story
Close X
Switch to Desktop Site

Treasure ship of czars glints large off Japan

Booty aboard the Admiral Nakhimov, a sunken treasury ship of the Russian Czars, could be worth $38 billion -- bettering by almost 100 times the record for recovering undersure hunter says. Ryoichi Sasakawa said 16 platinum-alloy ingots have been raised from the vessel, which was used as a bank for the czarist fleet during the Russo-Japanese war of 1904-05. Sasakawa has offered to trade the treasure for the return of four small Soviet-held islands off northern Japan. The Soviets have occupied the island since the end of World War II, but Japan has claimed the territory.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.