HomeWorldSanctioned Russian Oligarch's $521 million Yacht Docked In Hong Kong

Sanctioned Russian Oligarch’s $521 million Yacht Docked In Hong Kong

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A luxurious yacht belonging To Alexey Mordashov has docked in Hong Kong waters.

Hong Kong:

A luxurious yacht price over half a billion U.S. {dollars} belonging to sanctioned Russian oligarch Alexey Mordashov has docked in Hong Kong waters, in response to transport information, after a week-long voyage from Russia.

Mordashov was amongst various Russian oligarchs sanctioned by the European Union and the United States after Russia’s invasion of Ukraine for his or her hyperlinks to President Vladimir Putin.

The vessel monitoring web site, Marine Tracker, confirmed the yacht, Nord, arrived in Hong Kong on October 5, after a voyage of seven days from Vladivostok within the Russian Far East, down via the Sea of Japan and East China Sea.

The Hong Kong authorities’s marine division didn’t instantly reply to Reuters questions on whether or not it was conscious of the sanctions imposed on the vessel’s proprietor.

The multi-storey yacht, with six decks and a helipad, could possibly be seen on Friday docked in waters west of Hong Kong’s iconic Victoria Harbour, flying a Russian flag on the stern.

The 465 foot (141-meter) Nord was manufactured by a German shipyard final yr and is likely one of the world’s most extravagant luxurious yachts, price $521 million in response to Forbes journal.

In March, one other luxurious yacht owned by Mordashov, the 65-metre (215-ft) “Lady M”, was seized by Italian police within the port of Imperia.

In current months, various Russian-owned superyachts have been moved to components of the world thought of past the attain of Western sanctions, together with Turkey, components of Asia, and the Caribbean.

Mordashov constructed his wealth across the Russian metal producer Severstal (CHMF.MM).

Taking under consideration the belongings of his household, Forbes estimates that Mordashov had an estimated internet price of $29.1 billion earlier than sanctions hit, making him the richest man in Russia.

(Except for the headline, this story has been edited by newswitter employees and is revealed from a syndicated feed.)

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