South Africa to let Russian billionaire’s superyacht dockCAPE TOWN, South Africa (AP) — Cape Town port is ideally suited to host a $500 million superyacht linked to sanctioned Russian billionaire Alexey Mordashov, a South African official said Wednesday, after the country announced its intention to let the vessel dock there despite a bid by the city's mayor to block its entry. The South African government made the announcement Tuesday amid claims steel and mining magnate Alexey Mordashov is seeking a new harbor to shield the superyacht from seizure. South Africa abstained from a U.N. vote condemning Russia’s actions and called, instead, for dialogue and diplomacy. The Nord flies a Russian flag, is 141.6 meters (465 feet) long and has two helipads, a swimming pool and 20 cabins. Russian oligarchs have been looking for suitable harbors for their luxury yachts since they were targeted by American and European sanctions over the war in Ukraine.

Source: CBC News October 26, 2022 13:21 UTC