$500M superyacht owned by Russia's richest man passes through Strait of Hormuz
New York Post • • world
Key Points:
- The superyacht "Nord," valued at over $500 million and linked to Russian billionaire Alexei Mordashov, successfully passed through the Strait of Hormuz despite the waterway being largely closed to commercial ships due to ongoing conflict.
- The yacht, sailing under the Russian flag, left Dubai after maintenance and navigated the Strait without objection from Iran or the US, arriving in Muscat, Oman.
- The Strait of Hormuz, a vital passage for a fifth of the world’s oil and gas shipments, has seen a drastic reduction in traffic since the war began on February 28, with only a few vessels allowed passage.
- Alexei Mordashov, CEO of Russia’s Severstal and a close ally of Vladimir Putin, faces Western sanctions over his support for Russia’s war in Ukraine; the yacht is registered to a company owned by his wife.
- The "Nord" is one of the world’s most luxurious superyachts, featuring amenities such as helicopter pads, a swimming pool, a gym, a cinema, a jacuzzi, and even a submarine.
