Superyacht linked to Russian billionaire Alexey Mordashov is estimated to be value $500m.
A superyacht linked to a Russian billionaire sanctioned over his alleged ties to Vladimir Putin has anchored in Hong Kong amid efforts by Western authorities to grab property belonging to Moscow’s elite.
The Nord, a megayacht believed to be owned by metal magnate Alexey Mordashov, has been situated within the Chinese language metropolis since its arrival from Russia’s Vladivostok on Wednesday.
Mordashov, one in all Russia’s richest males, was amongst numerous Kremlin-linked oligarchs sanctioned by the USA, the UK and the European Union in response to Russia’s invasion of Ukraine.
Mordashov, the chairman of Russia’s largest metal firm Severstal, has challenged the sanctions in European courts and insisted he has “completely nothing to do with the present geopolitical tensions”.
US and European authorities have seized greater than a dozen yachts value $2.25bn over their reported hyperlinks to sanctioned Russian tycoons similar to Mordashov, whose wealth was estimated at $21.2bn by Bloomberg earlier this yr.
Some luxurious yachts have travelled to Turkey, which has avoided becoming a member of sanctions towards Moscow.
The 464-foot-long (141-metre) Nord, which has two helipads and a swimming pool and is value an estimated $500m, beforehand travelled to the Maldives and Seychelles earlier than arriving in Vladivostok in March.
Hong Kong, which is nominally autonomous from mainland China, requires visiting yachts to hunt permission to enter its waters and limits stays to not more than 182 consecutive days.
China has declined to sentence Russia’s invasion of Ukraine and criticised Western-led sanctions towards Moscow, though analysts say it has been hesitant to overtly violate sanctions for worry of jeopardising entry to the US dollar-dominated monetary system.
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