Jersey seizes $7bn assets believed to be related to Abramovich

The British Crown dependency of Jersey stated Wednesday it has frozen extra than $7.0 billion (6.4 billion euros) in property believed to be related to punishment hit Russian oligarch Roman Abramovich.

“Search warrants were executed by the States of Jersey Police on Tuesday 12 April 2022 at premises in Jersey suspected to be connected to the business activities of Roman Abramovich,” Jersey authorities said in a brief statement.

“The Royal Court also imposed a formal freezing order on 12 April… over assets understood to be valued in excess of $7.0 billion which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities.”

The statement, issued by Jersey’s Law Officers’ Department, added that no further comment would be made at this stage.

Britain had closing month slapped sanctions at the multi-millionaire for his near hyperlinks to Russian President Vladimir Putin following the invasion of Ukraine.

The billionaire has already been pressured to position Chelsea Football Club — which he bought in 2003 — up for sale.

Abramovich was also among the people listed underneath new sanctions adopted with the aid of the European Union in March.

Western international locations along with the US and the EU have imposed unprecedented sanctions towards Russia over its attack on Ukraine, inclusive of putting oligarchs and different people near Putin on sanctions lists.