The West has imposed sanctions on hundreds of Russian individuals and entities after Moscow’s invasion of Ukraine, prompting an exodus of luxury yachts from Europe.
Authorities in Gibraltar have seized a superyacht linked to the owner of Russia’s biggest steel pipe manufacturer.
Footage showed the Axioma, believed to belong to Dmitrievich Pumpyansky, owner of steel group TMK, moored at Gibraltar and flying a Maltese flag.
The West has imposed sanctions on hundreds of Russian individuals and entities after Moscow’s invasion of Ukraine, sparking an exodus of luxury yachts from Europe.
Steel group owner linked to superyacht
Refinitiv data shows the 72m vessel is owned by a British Virgin Islands holding company called Pyrene investments, with an article published by the International Consortium of Investigative Journalists as part of the Panama Papers naming Mr Pumpyansky as a beneficiary of the holding.
