Hong Kong Refuses to Seize Sanctioned Russian Oligarch’s Superyacht

Kyiv Post | Oct 12, 2022 at 11:10 AM
  • Despite sanctions imposed by western governments, Hong Kong has confirmed it will not seize a Russian oligarch’s luxurious superyacht.
  • Alexei Mordashov, an ally of President Putin and one of Russia’s richest men, was sanctioned by the UK, U.S. and the EU shortly after the start of Putin’s illegal ongoing invasion of Ukraine in February.
  • One of Mordashov’s smaller vessels, the “Lady M”’ was seized by Italian police in the port of Imperia, after a series of seafaring boats belonging to other Putin-associated oligarchs were seized in March.