Superyacht linked to sanctioned Russian sold for $37.5m in Gibraltar - court

FILE PHOTO: The Axioma superyacht belonging to Russian oligarch Dmitrievich Pumpyansky who is on the EU's list of sanctioned Russians is seen docked at a port, amid Russia's invasion of Ukraine, in Gibraltar, March 21, 2022. REUTERS/Jon Nazca

MADRID (Reuters) - A superyacht linked to a sanctioned Russian businessman fetched $37.5 million at auction in Gibraltar last month after it was sold at the behest of creditor JP Morgan, a court has confirmed, in the first sale of its kind since Russia invaded Ukraine.

The 72.5-metre Axioma was impounded by the Gibraltar authorities in March after U.S. bank said its alleged owner, a company that was owned by Dmitry Pumpyansky, had reneged on the terms of a 20.5 million euro loan.