HONG KONG: The recent visit of a Russian megayacht to Hong Kong has sparked warnings from corruption investigators that the city could become a haven for oligarchs and officials hiding from Western sanctions.The Nord -- a $500 million vessel linked to Russian billionaire Alexei Mordashov -- spent a little over three weeks in the Chinese territory before leaving last Thursday.Mordashov is among tycoons close to Russian President Vladimir Putin who have been sanctioned by the United States, the European Union and Britain following Moscow's invasion of Ukraine.Multiple jurisdictions have seized Russian oligarchs’ yachts and other assets this year. But Hong Kong made clear it would not do the sa
Hence then, the article about megayacht sparks warnings hong kong could become russia haven was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Megayacht sparks warnings Hong Kong could become Russia haven )