Posted inHong Kong

Hong Kong risks reputation over superyacht linked to ally of Russia’s President Putin, US says

Hong Kong could damage its reputation as a financial hub if it gives haven to sanctions dodgers, the United States cautioned Saturday, after the city said it would not act against a superyacht reportedly owned by a Kremlin ally. The Nord — a US$500 million, 142-metre (466-foot) luxury vessel linked to Russian billionaire Alexei Mordashov […]