Proceeds of the sale of the Axioma, valued at £65m, will benefit JP Morgan rather than the Ukrainian people
While dozens of superyachts suspected of being owned by oligarchs under sanction have been detained or confiscated across the world, Axioma is the only one that has been put up for sale.
A spokesperson for Gibraltar Courts Service said: “The Axioma was arrested following the filing of an admiralty claim in the supreme court. Given that the sale is by auction, pursuant to an order of the court, the Admiralty marshal cannot say how much it is expected to sell for or how many people have expressed interest.”
Pumpyansky could not be contacted for comment. Questions sent to TMK Group, of which he is chairman, went unanswered.
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