Superyacht Nord believed to be owned by Alexei Mordashov, the Russian steel oligarch who is sanctioned by many countries, was docked in Hong Kong waters on Oct. 5. A spokesman for the U.S. Department of State was quoted by the Financial Times as saying that some people might use Hong Kong as a safe haven to avoid sanctions, which would raise questions about the transparency of Hong Kong’s business environment.
Sanctioned Russian tycoon Mordashov's superyacht Nord found moored on Hong Kong waters on Oct. 5, 2022. Big Mack/The Epoch Times
