Posted on 10/09/2022 10:45:46 PM PDT by McGruff
A megayacht linked to a sanctioned Russian oligarch has dropped anchor in Hong Kong, amid efforts by the West to seize the luxury assets of Russian elites in allied ports as the war in Ukraine drags on.
The Nord, a nearly 142-meter (466-foot) yacht that is said to be one of the world’s largest, was spotted by CNN on Friday in Hong Kong’s waters, just minutes from the central downtown district. The vessel is estimated to be worth at least $500 million and widely believed to belong to Alexey Mordashov, an industrial billionaire, according to a yacht broker who spoke with CNN.
The yacht, 1.5 times the size of an American football field, arrived in Hong Kong on Wednesday from the Russian port of Vladivostok, according to the Chinese city’s Marine Department.
(Excerpt) Read more at cnn.com ...
There has been rumored to be a yacht that is nominally owned by an oligarch, but is actually Putin’s. Is this it?
CC
A spokesman for Hong Kong’s marine department told the Financial Times:
“Certain countries may impose unilateral sanctions against certain places on the basis of their own considerations,” but the Hong Kong government “does not implement, nor do we have the legal authority to take action on, unilateral sanctions imposed by other jurisdictions.”
heard of things mysteriously disappearing, but showing up?
What’s the reasoning for seizing Russian yachts? I understand if they are banned from docking in the U.S. or allied ports.
>> Instead, they need to put in for fuel, food and other provisions...
kinda what I was thinking.. the way to port is pretty much a perfunctory expedition.
To a greater degree than people realize, ships at sea are in an often lawless environment. A phantom megayacht that has turned off its locator beacon is not at all unusual.
>> ships at sea are in an often lawless environment
No doubt.
It’s been many years, but those radio beacons in the fog of night matter.
>> Even decades later, he could recall every aspect of that run through the Channel in complete detail.
No doubt he enjoyed telling those stories. Very cool.
These sanctions are nothing but a poorly disguised attempt to steal other peoples assets.
I have zero love for Russia, or the Ukraine for that matter. BUT.... wrong is wrong.
What’s the reason for banning 23 y/o girls from playing in tennis tournaments because of their place of birth?
Yep. Notice how no evidence of wrongdoing is even offered. Simply stating that the owner is of Russian nationality is all the “justification” one needs to steal their property now.
Its sad to see what a pathetic and lawless state much of the West has sunken to.
My thoughts, exactly.
It’s hardly something new in wartime.
The U.S. Confiscated Half a Billion Dollars in Private Property During WWI
Enemy property in the United States now in possession of the United States government approximates half a billion dollars.
https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1945070700
Russia Displays Treasure of Art Seized in Germany
https://www.latimes.com/archives/la-xpm-1995-02-28-mn-37012-story.html
Iran told the United Nations’ highest court on Monday that Washington’s confiscation of some $2 billion in assets from Iranian state bank accounts to compensate bombing victims was an attempt to destabilize the Iranian government and a violation of international law.
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