The U.S. has warned Hong Kong that its status as a financial center could be affected if it acts as a safe haven for sanctioned individuals, days after a luxury yacht connected to sanctioned Russian tycoon Alexey Mordashov docked in the city
FILE - In this image taken from video footage run by TVB, the megayacht Nord, left, worth over $500 million, is seen off Hong Kong Island outside Victoria Harbour on Oct. 7, 2022. The U.S. has warned Hong Kong in a statement Monday, Oct. 10, 2022 that its status as a financial center could be affected if it acts as a safe haven for sanctioned individuals, days after a luxury yacht connected to a sanctioned Russian tycoon docked in the city. HONG KONG — — The U.S.
The statement came days after the $500-million superyacht Nord, allegedly owned by Russian tycoon Alexey Mordashov,following a weeklong journey from the Russian city of Vladivostok. Hong Kong’s marine authorities have said they do not implement “unilateral sanctions imposed by other jurisdictions,” even though it implements and enforces sanctions imposed by the United Nations Security Council.belonging to sanctioned Russian tycoons to prevent them from sailing to other ports that are not affected by the sanctions., which has maintained diplomatic ties with Russia since the war began.
after Beijing imposed a tough national security law on the city, aimed primarily at stamping out dissent following months of antigovernment protests in 2019.
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