Gibraltar seized a $75 million super-yacht owned by a sanctioned Russian oligarch, the local government said

The local government said that a $75 million super-yacht was seized upon docking in Gibraltar.

The government of Gibraltar, a British overseas territory on Spain's south coast, is owned by a Russian businessman.

According to Forbes, Pumpyansky is the owner of Russia's largest steel pipe maker. His assets were frozen by the UK and the EU as part of the sanctions against Russia.

SuperYacht Fan values Axioma at $75 million. It was docked in Antigua until it set sail on March 3. It arrived in Gibraltar 18 days later.

Mikhail Svetlov/Getty Images

In a statement Monday, Gibraltar's government said Axioma was confirmed to be the subject of an arrest action by a leading international bank in the Supreme Court of Gibraltar.

The Gibraltar government told Insider that the owner of the yacht was Dmitry Pumpyansky.

According to SuperYacht Fan, Axioma can host 22 guests and crew members. Two big swimming pools, a gym, and a cinema can be found at Axioma.

Several super-yachts linked to Russian billionaires have been seized by countries that have imposed sanctions on Russia for invading Ukraine.

Italy has seized a $578 million yacht, France has seized a $120 million vessel, and Spain has seized a $150 million yacht.