A luxurious super-yacht linked to the owner of Russia’s largest steel pipe maker, who is currently under British and European Union sanctions, docked in Gibraltar on Monday and was then detained by the authorities.
Highlights
- A luxurious super-yacht linked to the owner of Russia’s largest steel pipe maker docked in Gibraltar on Monday.
- The vessel is believed to be owned by Dmitrievich Pumpyansky, owner of steel group TMK (TRMKMM) Western sanctions on Russian oligarchs over Moscow’s invasion of Ukraine triggered an exodus of luxury yachts from Europe in recent weeks.
- Britain imposed sanctions on hundreds of Russian individuals and entities last week, enabling authorities to freeze their assets.
- The Axioma left the Caribbean island of Antigua on Feb.
- 27 and spent the past three weeks crossing the Atlantic before reaching Gibraltar.
- The 72-metre vessel is owned by a British Virgin Islands holding company.