Sanctioned oligarch’s R10 billion yacht heading for Cape Town

A luxury yacht belonging to sanctioned Russian oligarch Alexey Mordashov, valued at nearly R10 billion ($500 million), is heading for Cape Town.  According to private tracking site MarineTraffic, the yacht left Hong Kong on Thursday and is en route to the Southern tip of Africa. Mordashov, a billionaire with ties to Vladimir Putin, was among a number of Russians sanctioned … Continue reading Sanctioned oligarch’s R10 billion yacht heading for Cape Town