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Yacht belonging to a sanctioned Russian tycoon docks in Hong Kong


A superyacht linked to Russian tycoon Alexey Mordashov anchored in Hong Kong this week amid moves by Western governments to seize yachts linked to sanctioned Russian businessmen.

The North megayacht, worth more than $500 million, arrived in Hong Kong on Wednesday afternoon after traveling for more than a week from Vladivostok, Russia, its last port of call.

In this image taken from video footage shown by TVB, the North megayacht, worth more than $500 million, is seen off Hong Kong Island outside Victoria Harbor on Friday October 7, 2022.
(TVB via AP)

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Mordashov is one of Russia’s richest billionaires, with an 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.

It was sanctioned by the United States, United Kingdom and European Union in February after Russia invaded Ukraine. Mordashov has since tried to challenge the sanctions against him in European courts.

In this image from video footage handled by TVB, the North megayacht, left, worth more than 0 million, is seen off Hong Kong Island outside the port of Victoria on Friday, October 7, 2022.

In this image from video footage handled by TVB, the North megayacht, left, worth more than $500 million, is seen off Hong Kong Island outside the port of Victoria on Friday, October 7, 2022.
(TVB via AP)

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US and European authorities have seized more than a dozen yachts belonging to sanctioned Russian tycoons to prevent them from sailing to other ports not affected by the sanctions. Russian oligarchs have started mooring their yachts in ports in places like Turkey, which has had diplomatic relations with Russia since the start of the war.

In this image taken from video footage shown by TVB, the North Center megayacht, worth more than 0 million, is seen off Hong Kong Island outside Victoria Harbor on Friday, October 7, 2022.

In this image taken from video footage shown by TVB, the North Center megayacht, worth more than $500 million, is seen off Hong Kong Island outside Victoria Harbor on Friday, October 7, 2022.
(TVB via AP)

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The North, which measures 141.6 meters (464.6 feet), has two helipads, a swimming pool and 20 cabins. The yacht is currently sailing under the Russian flag.

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