LONDON: A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction today after the billionaire failed to repay JPMorgan Chase and Co a loan, according to an auctioneer’s website.
It will be the first superyacht to be publicly auctioned since Russia’s invasion of Ukraine pushed authorities to freeze luxury vessels in ports around the world, Nigel Hollyer, a broker at auction house Howe Robinson Partners, told Bloomberg.
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