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Gibraltar Sells Yacht Linked to Russian Oligarch for $37.5 Million

Started by Epoch-Times-Bot, Sep 28, 2022, 02:45 AM

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Epoch-Times-Bot

Sep 28, 2022, 02:45 AM
Gibraltar Sells Yacht Linked to Russian Oligarch for $37.5 Million

A Gibraltar court announced on Tuesday that a luxurious superyacht linked to a Russian billionaire currently under EU and U.K. sanctions was sold at an auction last month for $37.5 million.
The 237.8 feet (72.5-meter) long vessel, Axioma, which had been owned by oligarch Dmitry Pumpyansky, was docked in Gibraltar on March 21 and was subsequently detained by authorities following a complaint filed by U.S. creditor JP Morgan.
The American bank said the yacht’s alleged owner, steel pipe manufacturing company, OAO TMK, owned by Pumpyansky, had reneged on the terms of a €20.5 million loan ($21.7 million).
Gibraltar’s Admiralty Marshal, the branch of the U.K. overseas territory that handles the sale of ships, said an unidentified buyer had been selected....

Source: Gibraltar Sells Yacht Linked to Russian Oligarch for $37.5 Million

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