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Financial Crime, Sanctions

NEWS: Multi-million euro Russian superyacht to go under the hammer after billionaire sanctioned

The Axioma - Image Credit: YachtCharterFleet.com

By Elizabeth Hearst for AMLi

A multi-million-euro Russian superyacht is expected to go under the hammer at a Gibraltar auction, after its Russian billionaire owner was sanctioned. 

The €74M vessel named Axioma is owned by Dmitrievich Pumpyansky and was seized in Gibraltar in March after US lender JP Morgan claimed Mr Pumpyansky did not pay a $20M (€19.98M) loan, reports the BBC. 

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