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Russian Steel Billionaire’s Superyacht Impounded in Gibraltar

Dmitry Pumpyansky

Dmitry Pumpyansky

Photographer: Andrey Rudakov/Bloomberg

Transport Secretary Grant Shapps said he is doing "all I can to cripple Russia's aviation and shipping industries" after Gibraltar seized a superyacht owned by billionaire oligarch Dmitry Pumpyansky.

The 72-metre long vessel, Axioma, was impounded by authorities in the British overseas territory on Monday.