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Sanctioned Russian oligarch’s $500 million superyacht leaves Hong Kong for Cape Town | CNN

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A luxurious yacht belonging to sanctioned Russian oligarch Alexey Mordashov departed Hong Kong waters on Thursday heading for the South African port of Cape City, in line with personal monitoring web site MarineTraffic.

The outstanding sight of the 465 foot (141-meter) multi-deck Nord within the metropolis’s Victoria harbor in current weeks had sparked criticism from the US State Division, which questioned the “transparency” of the monetary hub and warned of reputational dangers.

Mordashov, a billionaire near President Vladimir Putin, was amongst quite a few Russians sanctioned by america and European Union – however not the United Nations – after Russia’s invasion of Ukraine for his or her hyperlinks to Putin.

Whereas quite a few Russian superyachts have been seized or denied entry in Europe and different jurisdictions, the Nord was left undisturbed in Hong Kong after its arrival on Oct. 5.

Valued at over $500 million, it arrived by way of a seven-day voyage from Vladivostok in Russian Far East, down by the Sea of Japan and the East China Sea.

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The Hong Kong Marine Division later confirmed that the Nord had departed Hong Kong on Thursday however mentioned it couldn’t remark additional.

The MarineTraffic web site put the vessel southeast of Hong Kong waters early on Thursday night, heading into the South China Sea.

A witness noticed a gasoline barge alongside the vessel contained in the harbor at midday.

Hong Kong’s chief John Lee mentioned on Oct. 11 the town’s authorities wouldn’t act on unilateral sanctions imposed on Mordashov by particular person jurisdictions.

“We can’t do something that has no authorized foundation,” mentioned Lee, who himself has been sanctioned by the US for his function on a crackdown on native freedoms.

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Lee, who is because of host a global funding summit in November with world enterprise leaders, mentioned the Chinese language-ruled metropolis would solely abide by United Nations sanctions.

Sanctions goal Russian Oligarch yachts


06:55

– Source:
CNN

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