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 in recent weeks, with several heading towards the Maldives, which has no extradition treaty with the United States. According to Reuters, Dmitrievich Pumpyansky, who owns the Russian steel group TMK, is subject to British and European sanctions over Moscow’s invasion of Ukraine, which began on Feb. 24. Britain imposed sanctions on hundreds of Russian individuals and entities last week, enabling authorities to freeze their assets. The luxurious 72-meter vessel, named the Axioma, was seized after coming in to dock in the British overseas territory. The vessel is owned by a British Virgin Islands holding company …
Russian Oligarch’s Superyacht Seized After Docking in Gibraltar
March 22, 2022
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Business & Economyeconomic policieseconomyEuropeGibraltarMarketsoligarchPutinRussiaRussia-Ukraine WarsanctionssuperyachtUkraineVolodymyr ZelenskyWorld
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