Yacht owned by sanctioned Russian tycoon docks in Hong Kong



A superyacht related to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid strikes by Western governments to grab yachts related to sanctioned Russian businessmen.

The megayacht Nord, price over $500 million, arrived in Hong Kong on Wednesday afternoon after touring for over every week from Vladivostok, Russia, its final port of name.

Mordashov is one among Russia’s richest billionaires, with an estimated wealth of over $18 billion in accordance with an estimate by Bloomberg. He is the principle shareholder and chairman of Severstal, Russia’s largest metal and mining firm.

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

U.S. and European authorities have seized over a dozen yachts belonging to sanctioned Russian tycoons to forestall them from crusing to different ports that aren’t affected by the sanctions. Russian oligarchs have begun docking their yachts at ports in locations like Turkey, which has maintained diplomatic ties with Russia for the reason that conflict started.

The Nord, which measures 141.6 meters (464.6 ft), has two helipads, a swimming pool and 20 cabins. The yacht is at present crusing below a Russian flag.


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