$500M Yacht Owned by Russian Billionaire Docks in Hong Kong Amid Sanctions

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$500M Yacht Owned by Russian Billionaire Docks in Hong Kong Amid Sanctions
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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.

A superyacht connected to Russian tycoon Alexey Mordashov has anchored inthis 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,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.

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