Gibraltar Sells Yacht Linked to Russian Oligarch for $37.5 Million

The Axioma superyacht belonging to Russian oligarch Dmitry Pumpyansky, who is on the EU's list of sanctioned Russians, is seen docked at a port in Gibraltar, on March 21, 2022. Jon Nazca/Reuters

A Gibraltar court announced on Tuesday that a luxurious superyacht linked to a Russian billionaire currently under EU and U.K. sanctions was sold at an auction last month for $37.5 million.

The 237.8 feet (72.5-meter) long vessel, Axioma, which had been owned by oligarch Dmitry Pumpyansky, was docked in Gibraltar on March 21 and was subsequently detained by authorities following a complaint filed by U.S. creditor JP Morgan.