Overview
Ali Burney is quoted in WorldECR's article "Hong Kong's international standing at stake for not acting against Russian super yacht" in their November 2022 Issue. His comment discusses OFAC's blocking sanctions as they relate to Specially Designated Nationals (SDNs) in Hong Kong, and specifically to the luxury yacht Nord (purportedly owned by Alexei Mordashov, a Russian oligarch) that was recently harbored in Hong Kong. Burney notes that, "to the extent that Nord is blocked property, US persons in Hong Kong, including Hong Kong branches of US banks would be prohibited from engaging in any transactions involving the vessel."
The full article can be read at WorldECR (subscription required).
