Gibraltar to auction Russian oligarch’s $75 mln superyacht, first since Ukraine war began

A yacht owned by a sanctioned Russian oligarch will be put up for sale by Gibraltar government. It will become first luxury vessel to be sold after restrictions have been anunced over Russia's offensive in Ukraine. money that will be received after auction of 'Axioma' will be given to US investment bank, JP Morgan, which claims that yacht's owner Dmitry Pumpyansky, owes m more than $20 million (Rs 1,59,85,10,000), Guardian reported.

72.5-meter vessel owned by Dmitry Pumpyansky was detained after docking in Gibraltar in March. yacht was detained after a legal claim me by JP Morgan, which said Pumpyansky's holding company Pyrene Investment owed bank more than $20 million (Rs 1,59,85,10,000). money that will be received after sale will t be given to Ukrainians.

A spokesperson for Gibraltar Courts Service told Guardian that Axioma was "arrested" following "miralty claim" filed in Supreme Court. spokesperson stated that miralty marshal will t be able to anticipate money that will be received after sale as vessel will be placed on auction. 

Dmitry Pumpyansky's yacht to be put for sale 

Nigel Hollyer, broker to miralty marshal of Supreme Court of Gibraltar, said that re has been an "unexpected late surge" in number of prospective buyers for vessels, as per Guardian report. Hollyer furr ded that 30 people h travelled to Gibraltar to conduct an inspection of yacht. tably, UK, US, and EU imposed sanctions against Dmitry Pumpyansky after Russia began its offensive in Ukraine.

UK government sanctioned Dmitry Pumpyansky on March 15 and stated that his net worth is estimated at £1.84 billion (Rs 1,73,91,74,99,200). vessel which will be auctioned by Gibraltar government has six luxurious guest cabins, a swimming pool, a 3D cinema room, a gym, a jacuzzi and a spa.

Since Russia's military offensive in Ukraine, EU nations have imposed sanctions against Russia to pressurise Kremlin to end war in Ukraine. On August 19, Estonia anunced that it will dispatch an official proposal to European Commission to impose eighth sanctions pack against Russia in response to Moscow's offensive in Ukraine.

Im: AP