Do wonder if our finest have boarded and swept the boat appropriately. Or does this boat have a support ship which is lurking in international waters?
Interesting read ... not just about parking boats.
https://news.yahoo.com/russian-firms...220000459.htmlThere’s no obligation created for banks under Hong Kong Law regarding the unilateral sanctions imposed by foreign governments and it’s up to banks to assess such risks and treat customers fairly, a spokesperson at the Hong Kong Monetary Authority said in an email.
The city’s banks had overall exposure of just HK$800 million ($102 million) to Russia as of the end of June, down from HK$2.6 billion at the end of February, according to the HKMA.
John Lee, the city’s chief executive, said that Hong Kong abides by the rule of law and would uphold any sanctions imposed by the UN. “Hong Kong is an international financial center,” he said at a press conference on Tuesday. “And we have rules and regulations aligned with international standards.”
For now, the transactions Russian firms are seeking to facilitate in Hong Kong are relatively simple. Examples include making Hong Kong the contractual jurisdiction for a loan deal between Russian and Indian entities, the people familiar said.
Well, well, well. Option #1 - Penny Bay substitution, #2 - floating hawker center, #3 - junk boat.. oh, wait.