Gibraltar Seizes $75 Million Superyacht Axioma Owned by Sanctioned Russian Oligarch

Authorities in Gibraltar seized a $75 million superyacht belonging to sanctioned Russian oligarch Dmitry Pumpyansky on March 21.

The Gibraltar government confirmed that the 240-foot Axioma owned by Pumpyansky was “the subject of an arrest action by a leading international bank in the Supreme Court of Gibraltar.”

“The vessel is now subject to arrest by the Admiralty Marshall until further order,” the Gibraltar government further said.

Axioma was previously docked in Antigua in the Caribbean until it set sail on March 3 and arrived in the British overseas territory on Spain’s south coast 18 days later, according to Marine Traffic.

The United Kingdom and the European Union added Pumpyansky to their sanctions list earlier this month due to the Russian invasion on Ukraine.

“It’s not only here in the UK [that] Putin’s cronies aren’t welcome, but in all of our overseas territories too, UK Transport Secretary Grant Shapps said after the seizure.

Pumpyansky, who has an estimated net worth of $1.1 billion, owns Russia’s largest steel pipe manufacturer OAO TMK, which supplies Russian state-owned energy company Gazprom.

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