World

Superyacht connected to sanctioned Russian tycoon docks in Hong Kong

October 8, 2022

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By
Staff

The Associated Press

2:11Ukrainian counteroffensive rapidly progresses as Russia stands firm on illegal annexations

Ukraine’s forces are making rapid progress in reclaiming parts of the country from Russia. As Crystal Goomansingh reports, the gains haven’t prompted Moscow to back down on its illegal annexation of four Ukrainian regions or its claims of alleged military successes.

A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen.

The megayacht Nord, worth over $500 million, arrived in Hong Kong on Wednesday afternoon after traveling for over a week from Vladivostok, Russia, its last port of call.

Mordashov is one of Russia’s richest billionaires, with an estimated wealth of over $18 billion according to an estimate by Bloomberg. He is the main shareholder and chairman of Severstal, Russia’s largest steel and mining company.

He was sanctioned by the U.S., the United Kingdom and the European Union in February after Russia invaded Ukraine. Mordashov has since attempted to challenge the sanctions against him in European courts.