A Russian Superyacht Seized Under Sanctions Will Be Sold at Auction

JP Morgan said that the ship’s owner, Dmitrievich Pumpyansky, a billionaire Russian steel pipe magnate, owed it more than $20 million in loan repayments that could no longer be legally accepted after he was sanctioned by the West.

from NYT > World News https://ift.tt/tDoanXE
via IFTTT