Page 7 - Dmitry Pumpyansky News Today

Ukraine braces for Russian strikes as it marks independence from USSR and six months of war; attacks would elicit ‘powerful response’, Zelenskiy warns

MADRID (Reuters) - A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February. The Axioma was granted entry into Gibraltarian waters and then impounded by the authorities in March after U.S. bank JP Morgan said its alleged owner Dmitry Pumpyansky had reneged on the terms of a $20 million loan. The 72.5-metre vessel is being ...

The yacht is expected to sell for less than its valuation, with JPMorgan mum on whether or not it will donate proceeds to Ukraine.

The five-deck Axioma, valued at $91 million, was seized in Gibraltar back in March by authorities in the British territory at the entrance to the Mediterranean Sea.

A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since

The auction could be a benchmark for other banks looking to recoup losses from other sanctioned oligarchs

A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is...

By Joan Faus and Graham Keeley MADRID, Aug 23 (Reuters) – A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what...

A Russian oligarch's seized yacht went up for auction Tuesday. It was reportedly the first yacht to be publicly auctioned since Russia invaded Ukraine.

The vessel was seized in March under sanctions imposed on Moscow over the war in Ukraine