A superyacht related to Russian tycoon Alexey Mordashov has anchored in Hong Kong this 7 days amid moves by Western governments to seize yachts linked to sanctioned Russian businessmen.

The megayacht Nord, truly worth in excess of $500 million, arrived in Hong Kong on Wednesday afternoon after traveling for above a 7 days from Vladivostok, Russia, its past port of phone.

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Mordashov is a person of Russia’s richest billionaires, with an estimated prosperity of about $18 billion according to an estimate by Bloomberg. He is the primary shareholder and chairman of Severstal, Russia’s most significant metal and mining business.

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

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In this picture taken from a video footage operate by TVB, the megayacht Nord, worthy of about $500 million, is noticed off Hong Kong Island outside the house Victoria Harbour on Friday, Oct. 7, 2022. The superyacht linked to Russian tycoon Alexey Mordashov has anchored in Hong Kong this 7 days amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen.


(TVB by way of AP)

U.S. and European authorities have seized over a dozen yachts belonging to sanctioned Russian tycoons to prevent them from sailing to other ports that are not impacted by the sanctions. Russian oligarchs have started docking their yachts at ports in places like Turkey, which has taken care of diplomatic ties with Russia due to the fact the war commenced.

The Nord, which actions 141.6 meters (464.6 feet), has two helipads, a swimming pool and 20 cabins. The yacht is at the moment sailing below a Russian flag.

© 2022 The Canadian Press

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