Seleccions

Seleccions

Seleccions

Spain tourism
Home›Spain tourism›Live Updates: Zelensky says 15 dead in Russian missile strike on train station

Live Updates: Zelensky says 15 dead in Russian missile strike on train station

By James K. Martin
August 24, 2022
0
0
Share:
The Axioma superyacht owned by Russian billionaire Dmitry Pumpyansky has been sold to repay JPMorgan on a 20.5 million euro loan linked to the vessel © REUTERS

The first superyacht seized from an oligarch under sanctions after Russia invaded Ukraine has been sold after attracting 63 bids at an auction in Gibraltar, auctioneers have announced.

Axioma, a 236ft luxury vessel owned by Russian billionaire Dmitry Pumpyansky, has been sold by order of the Admiralty Court of Gibraltar to repay JPMorgan of a €20.5million loan linked to the ship.

The yacht, estimated to be worth between 55 and 60 million euros, was seized in Gibraltar, a small British territory at the entrance to the Mediterranean, in March, as authorities around the world seized vessels from luxury belonging to Russians placed under sanctions.

Pumpyansky, the former owner of OAO TMK, Russia’s largest steel pipe maker, faced EU and UK sanctions in March when British authorities described him as the one of Russian President Vladimir Putin’s closest oligarchs. The UK has estimated his net worth at £1.84 billion.

The auction drew 63 sealed bids by Tuesday’s deadline, said Nigel Hollyer, a broker at Howe Robinson. In consultation with the Marshal of the Admiralty of Gibraltar, a final decision on the winning bid is expected to be made by Monday, but the identity of the new owner will not be disclosed, Hollyer added.

The Axioma, originally named Red Square, has a glass elevator, an infinity pool and a 3D cinema. It was previously available for charter up to €635,000 per week.

According to court documents cited by Reuters, JPMorgan obtained a Gibraltar court order clearing the sale of the yacht after Pumpyansky failed to repay a 20.5 million euro loan to an investment firm he possessed.

Related posts:

  1. ! Murcia Today – Tourism bosses warn of sharp drop in bookings from Spanish foreign tourists as Covid rates soar
  2. Spain struggles to contain COVID-19 as contagion rate rises
  3. Teeth clenched, Spanish tourism rides the “Covid roller coaster”
  4. More tourists heading to the Balearics
Previous Article

TD Asset Management Inc. holds a $10.42 ...

Next Article

After being rescued by Open Arms, 99 ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Spain tourism

    The 10 best Star Tribune reader’s travel photos of 2021

    December 24, 2021
    By James K. Martin
  • Spain tourism

    Spanish police seize more than a ton of cocaine bound for Europe

    September 29, 2021
    By James K. Martin
  • Spain tourism

    UK travel advice changes for tourists visiting Spain, France, Australia, Germany and more

    February 22, 2022
    By James K. Martin
  • Spain tourism

    Great getaways: San Sebastian, Culinary Capital of the Basque Country

    October 22, 2021
    By James K. Martin
  • Spain tourism

    Thousands of people gather to ’embrace’ the dying lagoon of Mar Menor in Spain

    August 28, 2021
    By James K. Martin
  • Spain tourism

    The couple who travels the world sitting at home

    February 5, 2022
    By James K. Martin

  • Spain resorts

    The ancient city of AlUla welcomes modernity to encourage future tourism

  • Spain tourism

    3 Ways Local Climate Change Is Making Travel Tourism Riskier

  • Spain resorts

    Rental Escapes adds 750 luxury villas worldwide