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Evening Standard

World

William Mata

Russian super yacht, worth £63m, to be auctioned after being seized

JP Morgan United States

The Axioma, docked in Gibraltar, has been seized
(Picture: REUTERS)

A Russian-owned superyacht worth £63million is set to be auctioned off after its owner failed to pay a £17million loan.

Dmitrievich Pumpyansky has lost the Axioma boat after it was seized in Gibraltar in March when US bank JP Morgan raised the alarm.

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