Will Hong Kong become an escape harbour for Russian yachts?
The recent visit of a Russian mega-yacht to Hong Kong has sparked speculation that the city could become a haven for oligarchs hiding from Western sanctions. The "Nord" - a 500 million dollar vessel owned by Russian billionaire Alexei Mordashov - spent just over three weeks in Chinese territory before departing last Thursday. Mordashov is one of the businessmen close to Russian President Vladimir Putin who was sanctioned by the United States, the European Union and the United Kingdom following Moscow's invasion of Ukraine. The seizure of several yachts and other assets around the world in 2022...
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