Russian billionaire's yacht arrested in Gibraltar to be auctioned

We are talking about the superyacht Axioma, allegedly associated with billionaire Dmitry Pumpyansky. According to Insider,

The Axioma superyacht arrested by the Gibraltar authorities, allegedly associated with Russian billionaire Dmitry Pumpyansky (FORBES estimated his fortune at $ 2.4 billion in 2021), will be sold at auction. it is reported by Insider with reference to the decision of the British Overseas Territory COURT.

According to the publication, the decision to sell the yacht is associated with high operating and maintenance costs, which can amount to 10-15% of the value of the vessel per year. The publication estimates the cost of Axioma at $75 million.

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The detention of the Axioma yacht by the Gibraltar authorities on March 22 was reported by REUTERS. According to the agency, the superyacht moored in Gibraltar under the Maltese flag on March 21 and was delayed due to Western sanctions against Pumpyansky. Forbes and SuperYachtFan were called the owner of Pumpyansky's 72-meter yacht.

According to Refinitiv, cited by the agency, Axioma left Antigua, an island in the Caribbean, on February 27, crossed the Atlantic and reached Gibraltar.

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After RUSSIA launched a special operation in Ukraine, Western countries have already introduced several packages of sanctions against Moscow, which also affected Russian businessmen and politicians. In early March, the US Department of Justice announced the creation of a multi-agency task force, KleptoCapture, tasked with enforcing sanctions and EXPORT restrictions against Russia, as well as combating "corrupt Russian oligarchs." The group will explore ways to circumvent the restrictive measures and anti-money laundering laws of the United States and search for their assets.

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