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.
The official said Cape Town was perfect for the Nord because it has the technical means to maintain luxury yachts that many other harbors don’t.
“If you’re parking a $500-million asset, you need it looked after properly,” the official told the Associated Press on condition of anonymity because he’s not permitted to speak publicly on the issue.
Vincent Magwenya, spokesman for South African President Cyril Ramaphosa, said Tuesday that there was “no reason” for South
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