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laying pipe

We will never tire of these articles…!

The superyacht Axioma has been detained at the port of Gibraltar after her owner, Russian billionaire Dmitry Pumpyansky, was added to U.S. and UK sanctions lists.

Pumpyansky is the owner of a Russian pipemaking conglomerate, OAO TMK, which provides high-grade materials to Russia’s oil and gas sector. Operational control of the company has been transferred to its CEO, Igor Korytko, and the firm itself is not named on Western sanctions lists. It has significant overseas operations, including divisions in the U.S., EU and UAE. Read on.