The arrested Russian superyacht for the first time went under the hammer

The owner of the yacht arrested in March failed to pay a debt of 20 million US dollars, after which the Axioma yacht was arrested.

Russian oligarch Dmitry Pumpyansky’s Axioma superyacht has been sold at an auction in Gibraltar. This auction is considered the first of its kind since Russia’s invasion of Ukraine, according to Reuters on Tuesday, August 23.

The 72.5 meter vessel was auctioned by the Admiralty Court of Gibraltar through a closed auction system which took place electronically and ended at noon on August 23.

The American bank JP Morgan said that the owner of the yacht that was arrested in March did not pay a debt of 20 million US dollars, and at the request of the financial institution, the owner of the yacht that was arrested in March did not pay of a debt of 20. million US dollars, and at the request of the financial institution, Axioma was arrested. was arrested.

The exact amount of the transaction is kept secret. At the beginning of sales, the yacht was estimated at 70-75 million euros. JP Morgan will only ask for 20.5 million euros for this according to the loan. A source in the Gibraltar government stressed that the balance is likely to be frozen in the auction house’s accounts.

Also, funds spent on crew salaries, shipyard lease and maintenance from March to August 2022 will be recovered from proceeds from the sale of the ship.

The successful sale is said to set a benchmark for other banks seeking to recoup losses by auctioning seized assets and other assets of sanctioned oligarchs.

Earlier it was reported that the Fiji court decided to arrest the superyacht of the Russian billionaire Kerimov.

Russian oligarchs hide their yachts – media

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