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Sanctioned Russian Tycoon’s Megayacht Is Free to Dock at South African Ports

  • Pretoria says it isn’t obliged to apply US, EU sanctions
  • Mordashov’s yacht scheduled to arrive in Cape Town on Nov. 9
Alexey Mordashov’s Nord superyacht in Hong Kong on October 14. 

Alexey Mordashov’s Nord superyacht in Hong Kong on October 14. 

Photographer: Lam Yik/Bloomberg

South Africa’s government said it has “no reason” to apply sanctions brought against Russian tycoon Alexey Mordashov and that his $500 million megayacht is free to dock at its ports.

Mordashov is the biggest shareholder in steelmaker Severstal PJSC and was sanctioned by the European Union, the UK and US after Russia’s invasion of Ukraine. The mogul’s 465-foot (142-meter) Nord passed north of Banda Aceh, Indonesia, on Tuesday and is expected to arrive in Cape Town on Nov. 9, ship-tracking data compiled by Bloomberg shows.