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In response to
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Hong Kong declines to seize a superyacht linked to a Russian oligarch under sanctions.
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By Claire Fu
Oct. 11, 2022, 9:04 a.m. ET
A new front has emerged in the conflict between China and the United States: a $500 million superyacht anchored in the waters off Hong Kong.
The boat, named Nord, is believed to belong to Alexei Mordashov, a Russian oligarch and ally of President Vladimir V. Putin. As a way to punish Mr. Putin for his war in Ukraine, the United States, the European Union and Britain have imposed sanctions on Russian billionaires and oligarchs, including Mr. Mordashov.
The arrival of the 465-foot-long yacht near Hong Kong last week, after a seven-day voyage from Vladivostok, Russia, raised an important question: would local officials seize it and help enforce the curbs the United States and its allies had set forth on the presumed owner of the boat? The answer from Hong Kong was, essentially, no.
John Lee, Hong Kong’s chief executive, said on Tuesday that it would enforce sanctions ordered by the United Nations Security Council, but it did not have legal basis to carry out sanctions based on a particular country’s “own consideration.”
“We cannot do and we will not do anything that has no legal basis,” Mr. Lee told reporters.
Russia is not subject to any sanctions imposed by the Security Council and has used its membership to block action by the Council over the war in Ukraine. China is also a member and has publicly refrained from condemning Russia’s invasion.
The declaration from Hong Kong — where Beijing has increasingly exerted more control even though it has promised a so-called one country, two systems form of government — triggered concerns that Russia may try to circumvent international sanctions through Hong Kong.
“The possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into question the transparency of the business environment,” a State Department spokesperson said in a statement.
China’s foreign ministry office in Hong Kong said the State Department remarks about the city were “misleading” and were “talking down Hong Kong’s business environment.” Hong Kong, it added, remains “a free, open and law-based business climate.”
Before the voyage to Hong Kong, Nord, which has a pool and two helipads, had returned to Russia from the Seychelles, according to websites that track marine traffic. The move was seen as a way to circumvent international sanctions imposed on Mr. Mordashov. His representatives at Severstal, the steel company he controls, did not immediately respond to a request for comment.
Claire Fu covers news in mainland China for The New York Times in Seoul. @fu_claire
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