Oligarch yacht will be sold off after being impounded in Gibraltar | News

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A £57 million superyacht linked to a sanctioned Russian businessman has been impounded in Gibraltar and will be forcibly sold as Britain steps up its targeting of oligarchs’ assets.

The seizure of the 236ft-long Axiom comes amid a high-seas game of cat and mouse as oligarchs try to keep their yachts one berth ahead of the authorities.

Yachts have moved from their normal glamorous berths in the Caribbean and Mediterranean to ports in Turkey, the Balkans and Indian Ocean.

The Turkish coast guard guided the Ukrainians away from the yacht

THE ASSOCIATION OF UKRAINIANS IN BODRUM/FACEBOOK

Axioma is owned by the billionaire Dmitry Pumpyansky, 58, chairman of the steel pipe manufacturer OAO TMK, which supplies Gazprom, the Russian state-owned energy company. Pumpyansky was added to British and EU sanctions lists this month.

Permission for the yacht to dock in the Port of

Sources

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