US Warns Hong Kong on Sanctions After Russian Megayacht Turns Up
October 10, 2022
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0:26Now PlayingUS Warns Hong Kong on Sanctions After Russian Megayacht Turns Up
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as posted by the channelThe US warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after a megayacht linked to one of Russia’s richest men docked in the city’s harbor.
The $500 million Nord vessel tied to tycoon Alexey Mordashov arrived in Hong Kong on Wednesday, after making a week-long voyage from the Russian city of Vladivostok. Mordashov, believed to be an ally of President Vladimir Putin, was sanctioned by the European Union, the UK and the US following Russia’s invasion of Ukraine in February.
“The possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into question the transparency of the business environment,” a US State Department spokesperson said in an emailed statement.
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