NORD

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Latest news

Oligarch yacht free to dock in Cape Town

South Africa’s government said it has no reason to apply sanctions brought against Russian tycoon Alexey Mordashov and that his $500 million megayacht 'Nord' is free to dock at its ports. Mordashov is the biggest shareholder in steelmaker Severstal PJSC and was sanctioned by the European Union, the UK and US after Russia’s invasion of Ukraine. The mogul’s yacht passed north of Banda Aceh, Indonesia, on Oct 25 and is expected to arrive in Cape Town on Nov 9.

Hong Kong warned to threaten its status after yacht of sanctioned Russian oligarch arrived

The U.S. warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after the 'Nord', tied to the sanctioned tycoon Alexey Mordashov, arrived in Hong Kong on OCt 11, after making a week-long voyage from the city of Vladivostok. Mordashov, believed to be an ally of dictator Vladimir Putin, was sanctioned by the European Union, the U.K. and the U.S. following Russia’s invasion of the Ukraine on Feb 24.