and the European Union in February after Russia’s invasion of Ukraine. Mordashov, who is believed to have close ties to Russian president Vladimir Putin, was sanctioned by the U.S., U.K. The statement came days after the $500-million superyacht Nord, allegedly owned by Russian tycoon Alexey Mordashov, docked in Hong Kong’s harbor on Wednesday following a week-long journey from the Russian city of Vladivostok. The State Department spokesperson also said the city’s reputation as a financial center “depends on its adherence to international laws and standards.” State Department spokesperson in a statement.
“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,” said a U.S. warned Hong Kong on Monday 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.
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