Russian billionaire luxury superyacht mysteriously appears in Hong Kong

Hong Kong

Superyacht linked to the Russian oligarch North, it has mysteriously anchored in Hong Kong. The luxury vehicle is one of those affected by Western sanctions.

To collect CNN, Monday (10/10/2022), the Western bloc seeks to seize the luxury goods of the Russian elite due to the war in Ukraine. Allied ports are the main targets.

The North, a nearly 142-meter yacht said to be one of the largest in the world, was spotted on Friday by CNN in Hong Kong waters. The location is minutes from the center.


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The ship is estimated to be worth at least $ 500 million and is believed to belong to Alexey Mordashov, a Russian industrial billionaire. This information was confirmed by a cruise ship broker.

The cruise ship, 1.5 times the size of an American football field, arrived in Hong Kong on Wednesday from the Russian port of Vladivostok, according to the Chinese city’s maritime department.

Superyacht North (Photo: CNN)

The government agency told CNN on Friday that it had not been informed of when the cruise ship would leave for its next destination.

On Friday afternoon, Nord was seen flying the Russian flag with the name of his base, Vladivostok, emblazoned on the stern. Several people, apparently crew members wearing uniforms, were seen on the ship’s deck.

Mordashov is one of Russia’s richest billionaires, with an estimated net worth of UD 18.7 billion, according to the Bloomberg Billionaires Index. The number has dropped by $ 10 billion so far this year, according to the wealth monitor.

The tycoon is president of Severstal, the Russian mining and steel giant, which eventually had 54,000 employees in 69 countries.

The United States isn’t the only country cracking down on Russian tycoons. Several Russian-related superyachts have been insured this year, including in Spain, Germany and the UK.

Mordashov has challenged sanctions against him in European courts. He argued that an EU court should overturn the decision to add him to the list of convicted for the Russian invasion of Ukraine.

Meanwhile, Hong Kong could provide coverage. The Hong Kong Maritime Department said it will not comment on all incoming ship cases.

The city only requires overseas yacht owners to obtain permission from the authorities to enter, including proof of insurance, according to the Department of the Navy.

Watch videos”Despite being quarantined, Hong Kong travelers must undergo testing for Covid-19
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