A Gibraltar court announced on Tuesday that a luxurious superyacht linked to a Russian billionaire currently under EU and U.K. sanctions was sold at an auction last month for $37.5 million. The 237.8 feet (72.5-meter) long vessel, Axioma, which had been owned by oligarch Dmitry Pumpyansky, was docked in Gibraltar on March 21 and was…

MADRID—Gibraltar authorities said Tuesday that a cargo ship has been beached to prevent it from sinking after it collided with a liquefied natural gas carrier in the Bay of Gibraltar. A government spokesman said that the situation was under control and the ship was not in danger. He said there had been no environmental impact…

A luxurious superyacht linked to a Russian billionaire currently under British and European Union sanctions has been detained in Gibraltar, a British overseas territory. The 72-metre long vessel, Axioma, which belongs to Russian oligarch Dmitry Pumpyansky, docked in Gibraltar on March 21 and was subsequently detained by authorities. Commenting on the seizure, UK Transport Secretary…

A superyacht linked to the owner of Russia’s largest steel pipe maker, subject to sanctions by the European Union due to the Ukraine invasion, has been seized by authorities after docking in Gibraltar. Western sanctions on Russian oligarchs over Russian President Vladimir Putin’s invasion of Ukraine have triggered an exodus of luxury yachts from Europe…

A new major rift has emerged between the UK and the European Union concerning the post-Brexit relationship over Gibraltar. Foreign Secretary Dominic Raab said a draft mandate for talks published by the bloc on Tuesday “seeks to undermine the UK’s sovereignty” over the British overseas territory. He demanded it “cannot form a basis for negotiations”…