The opulent ship represented the first item sold at public auction following Western sanctions.

According to media reports citing court sources, a $75 million superyacht connected to sanctioned Russian steel billionaire Dmitry Pumpyansky was auctioned off on Tuesday in Gibraltar.

According to reports, 63 bids were received for the five-deck, 72-meter (236-foot) yacht Axioma, which was sold for the benefit of US investment bank JPMorgan Chase, which asserts that Pumpyansky owes it more than $20 million.

Six opulent guest suites, a swimming pool, a 3D movie theatre, a gym, a jacuzzi, and a fully stocked spa are all featured on the vessel. After docking in Gibraltar in March, it was seized.

The value of the sealed bids and the bidders’ details are confidential, the Office of the Admiralty Marshall in Gibraltar reportedly said on Tuesday, according to Bloomberg. After the transaction is finished,

As part of Western sanctions, dozens of superyachts owned by affluent Russians have been seized worldwide. The first one to go on sale is Axioma.

#russiannews #letestrussiannews #steelnews #businessnews

Read more Latest Business News , Today Politics Headline , Today Finace News Update ,Latest Social News Update , World News Highlight , Entertainment Latest News , Today Sports News Update , Education Latest Update , Real Estate Today Update