A $75-million super yacht linked to US sanctioned Russian steel billionaire Dmitry Pumpyansky was auctioned off in Gibraltar. The luxury vessel was the first public auction of an asset confiscated under unilateral Western sanctions.
The five-deck, 72-meter (236 feet) vessel Axioma reportedly attracted 63 bids and was sold for the benefit of US investment bank JPMorgan Chase, which single-handedly claims that Pumpyansky owes it more than $20 million.
The vessel has six luxurious guest cabins, a swimming pool, a 3D cinema room, as well as Gym, Jacuzzi and fully equipped Spa. It was impounded in March 2022, after having docked in British controlled Gibraltar.
According to Bloomberg, the Office of the Admiralty Marshall in Gibraltar stated on Tuesday that the value of the sealed bids and information about the bidders are confidential.
Once the transaction has been completed, information about the sale will be released, which will be in roughly two weeks, it elaborated.
Dozens of super-yachts belonging to wealthy Russians have been confiscated across the world as part of Western sanctions. Axioma is the first one to be sold.
We hope the buyer is aware that he will be in possession of stolen property and that eventually there will be repercussions. The west opened a can of worms they will choke on in the near future.
Absolutely no difference from the primitive earlier old colonial period. As in the slave market, first captured in the countries in question, and put in shackles, subsequently sold in the slave market.
RT. com / ABC Flash Point Confiscation News 2022.