Sanctioned oligarch yacht sold for $37.5 mln in Gibraltar ...Kuwait

A superyacht linked to a sanctioned Russian businessman fetched $37.5 million at auction in Gibraltar last month after it was sold at the behest of creditor JP Morgan, a court has confirmed, in the first sale of its kind since Russia invaded Ukraine. The 72.5-metre Axioma was impounded by the Gibraltar authorities in March after US bank said its alleged owner, a company that was owned by Dmitry Pumpyansky, had reneged on the terms of a 20.5 million euro loan. The Office of Admiralty Marshal, the branch of Gibraltar's Supreme Court mandated with conducting the sale in August, said an unidentified buyer had been selected. The sale's proceeds - $37,500,055 - would go tow

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Last updated : 27 September 2022 clock 10:25 PM

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Sanctioned oligarch yacht sold for $37.5 mln in Gibraltar ...Kuwait

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