Hong Kong reiterated its stand on the luxury megayacht—linked to a sanctioned Russian oligarch—that is docked in its waters. Hong Kong leader John Lee told reporters on Tuesday (October 11) that the city has "no legal basis" to act on Western sanctions.

On Russian superyacht linked to Putin ally, Hong Kong leader says 'no legal basis' to act on the vessel

Germany confiscates Russian Oligarch Alisher Usmanov's superyacht worth $600 million as a part of the trenches of sanctions against Russia by the West

Germany seizes Russian Oligarch's superyacht worth $600 million

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On Russian superyacht linked to Putin ally, Hong Kong leader says 'no legal basis' to act on the vessel

Germany seizes Russian Oligarch's superyacht worth $600 million