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Sanctioned Oligarch Docks $500m ‘Megayacht’ in China

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A superyacht connected to sanctioned Russian tycoon Alexey Mordashov has anchored in Hong Kong as Western governments move to seize yachts connected to Russian businessmen.
The megayacht Nord, worth over $500 million, arrived in Hong Kong on Wednesday afternoon after traveling for over a week from Vladivostok, Russia, its last port of call.
Mordashov has estimated wealth of over $18 billion, according to a Bloomberg estimate. He is the main shareholder and chairman of Severstal, Russia´s largest steel and mining company.
He was sanctioned by the U.S.

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