Foreign/World News

Russian invasion of Ukraine: Abramovich’s assets seized

 

All assets owned by the owner of Chelsea FC, Roman Abramovich has been seized by the United Kingdom (UK).

It would be recalled that Roman Abramovich is one of the seven oligarchs hit with fresh sanctions, including asset freezes and travel bans over the Russian invasion of Ukraine.

Equally affected by the sanction are billionaires Igor Sechin and Oleg Deripaska, both seen as allies of Vladimir Putin.

British Prime Minister, Boris Johnson said: “there can be no safe havens” for those who have supported the invasion.

“Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people.

“We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies.”

It was alleged that 55-year-old Abramovich has strong ties to Russian President Vladimir Putin, which he had since denied.

But the government believes Abramovich, who has an estimated net worth of £9.4bn, is “one of the few oligarchs from the 1990s to maintain prominence under Putin”.

Under the sanctions, Chelsea will operate as a club with a special charity license.

The proposed sale of the Club by Abramovich has also been stopped.

But it won’t be able to sell new tickets for games or sign new players.

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