Hong Kong leader John Lee said that there was ‘no legal basis’ for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial center that belongs to a sanctioned Russian oligarch
The 465-foot superyacht "Nord", owned by the sanctioned Russian oligarch Alexey Mordashov is seen docked, in Hong Kong, China October 7, 2022. REUTERS/Tyrone SiuHONG KONG, Oct 11 - Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a sanctioned Russian oligarch.
The U.S. State Department said the use of Hong Kong by individuals evading sanctions from multiple jurisdictions could carry reputational risks and call into question the "transparency" of the financial hub's business environment.Hong Kong's leader John Lee, however, who himself has been sanctioned by the United States for his role in clamping down on local freedoms, said Hong Kong wouldn't act on unilateral sanctions imposed on Mordashov by individual jurisdictions.
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