Bloomberg reported on June 15 that the $500 million Nord superyacht owned by Alexey Mordashov had reappeared after about eight months of "disappearance" to evade capture by the US and its allies. It was heading to Busan, South Korea.
The 460-foot superyacht began transmitting signals again on June 12 in the Indian Ocean, off the coast of Indonesia. It stopped updating its location in 2022 while en route to Cape Town, South Africa.
Superyacht Nord. Photo: Reuters
Last October, Nord unexpectedly reappeared in Hong Kong (China). The US then warned the special administrative region about providing shelter to the Russian tycoon's superyacht.
According to data compiled by Bloomberg, the superyacht Nord is expected to arrive in Busan on June 24.
Many Western countries have seized assets of Russian billionaires after Moscow launched a special military operation in Ukraine in February 2022, including more than 10 yachts worth billions of dollars.
Another of Mr Mordashov's superyachts, Lady M, was seized in Italy in March 2022.
Meanwhile, Bloomberg reported that Mr. Mordashov, Russia’s sixth-richest citizen and the largest shareholder of steelmaker Severstal PJSC, was not on board the Nord. He was scheduled to attend Russian President Vladimir Putin’s annual economic forum in St. Petersburg on June 15.
In April 2022, German police announced the seizure of the world's largest superyacht, Dilbar, linked to Russian billionaire Alisher Usmanov. Mr. Usmanov is one of the richest men in Russia. However, Dilbar is owned by Ms. Gulbakhor Ismailova, Mr. Usmanov's sister.
Ms Ismailova is on the European Union (EU) sanctions list. Mr Usmanov is accused of “indirectly transferring assets” – including the 156m superyacht Dilbar – to Ms Ismailova before being sanctioned.
Dilbar – estimated to be worth around $600 million – is currently the world’s largest superyacht by gross tonnage. Its seizure by Germany underscores the expansion of Western sanctions against Russian oligarchs.
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