Hong Kong declines to act on sanctioned Russian superyacht in harbour

Wednesday, 12 October 2022newsdesk

Hong Kong has said it will not seize the superyacht of a Russian oligarch who is under Western sanctions.

New Delhi, 12 October 2022

As per news report of BBC, chief executive John Lee said Hong Kong would be accountable to United Nations sanctions but not "unilateral" ones imposed by "individual jurisdictions". The $521m (£472m) boat belongs to Alexei Mordashov, an ally of Russia's President Vladimir Putin and one of the country's richest men. His yacht arrived in Hong Kong last week after sailing from Russia. But Mr Mordashov is not believed to be on it. The billionaire was sanctioned by the US, the UK and the EU after Russia invaded Ukraine earlier this year.

Source - BBC