A superyacht owned by a sanctioned Russian billionaire has been impounded by Gibraltar authorities, the UK’s Transport Secretary Grant Shapps says.
The Axioma belongs to oligarch Dmitry Pumpyansky, whose steel pipe manufacturing company supplies Russian gas giant Gazprom.
The UK announced sanctions on Pumpyansky last week, estimating his net worth at £1.84bn ($2.44bn). The sanctions also apply in the UK’s overseas territories, including Gibraltar.
“As transport secretary, I’m doing all I can to cripple Russia’s aviation and shipping industries, and my message to Putin and his cronies is loud and clear – there is nowhere to hide,” Shapps said.
