Not to Ukraine, but money from the first auction of a Russian billionaire’s yacht go's to banks

On the 23 third of august , the arrested superyacht Axioma, the first among many impounded Russian-owned luxury vessels, has been auctioned off by the Gibraltar government. Steel billionaire Dmitry Pumpyansky’s beautiful blue boat worth $75 million has not be sold for the benefit of the Ukrainian people but a US investment bank, JPMorgan. As per The Guardian, a JP Morgan spokesperson said: “We will politely decline comment on the Axioma matter.” But did comment on the bank’s charitable endeavour. “JP Morgan expanded a philanthropic commitment of $5m to $10m to help support worsening refugee crisis in Ukraine.”