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Megayacht tied to sanctioned Russian tycoon anchors in Hong Kong

Alexey Mordashov Russia Hong Kong Nord

Nord, a megayacht believed to be owned by sanctioned Russian billionaire Alexey Mordashov, is anchored in Hong Kong [File: TVB via AP]

A superyacht linked to a Russian billionaire sanctioned over his alleged ties to Vladimir Putin has anchored in Hong Kong amid efforts by Western authorities to seize assets belonging to Moscow’s elite.

The Nord, a megayacht believed to be owned by steel magnate Alexey Mordashov, has been located in the Chinese city since its arrival from Russia’s Vladivostok on Wednesday.

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