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The British overseas territory of Gibraltar is auctioning off the $75 million superyacht owned by Russian billionaire Pumpyansky that was confiscated over sanctions imposed on Moscow.
The office of the head of the Gibraltar Regional Naval Authority said on August 23 that it had received 63 bids to participate in the auction of the Axioma yacht confiscated from the billionaire. Russia Dmitry Pupyansky in March.
“The winner of the auction will be selected by the Navy, but details about the person and the price they offer will be kept confidential. Details of the sale price of the boat will be announced. After the transaction is completed, it may take about 10-14 days,” the Gibraltar court said. said in a statement.
Axioma yacht moored in the Caribbean in 2018. photo: alami.
The Russian billionaire’s decision to auction off the Axioma yacht was controversial because it was sold not for the benefit of the Ukrainian people, but because the US investment bank JPMorgan accused billionaire Pumpyansky’s company of defaulting on more than 20 years of 5 million euros (about 20.3 million euros). Dollar).
The yacht Axioma is owned by Gibraltar authorities as required by JPMorgan Chase law. Bank of America said the sanctions on billionaire Pumpyansky meant a breach of the terms of the loan, and asked Gibraltar authorities to seize and sell the yacht. Gibraltar is a British Overseas Territory bordering Spain and has a population of over 34,000.
Axioma is the product of renowned superyacht designer Alberto Pinto and was built in 2013 by Dunya Yachts in Turkey. Originally named Red Square, the yacht was later changed to Axioma. This is the first yacht to be auctioned off the hands of a Russian oligarch.
Until March, Pumpyansky was chairman of steel pipe maker OAO TMK, a supplier to Russia’s state energy company Gazprom. Forbes estimates his net worth at $2 billion.
Many yachts and real estate linked to Russian billionaires have also been confiscated by governments around the world since the outbreak of the war in Ukraine. In March, the French Ministry of Finance seize Amore Vero is a $281 million superyacht owned by Igor Sechin, CEO of Russian oil giant Rosneft. In April, Spain seized a $90 million yacht owned by a Russian billionaire at the behest of Washington.
European Commission President Ursula von der Leyen announced in late May that the bloc was trying to rebuild Ukraine using assets seized from Russian billionaires.
Yuying (follow guardian)
