UK freezes £10 bn in assets of two Russian oligarchs

UK freezes £10 bn in assets of two Russian oligarchs

UK freezes £10 bn in assets of two Russian oligarchs



The UK on Thursday introduced it was freezing belongings worth around £10 billion ($13 billion, 12 billion euros) of two extra Russian oligarchs, both longstanding business friends of Chelsea Football club owner Roman Abramovich.

The sanctions towards Eugene Tenenbaum, a director of Chelsea, and David Davidovich deliver the total wide variety of oligarchs, family individuals and pals sanctioned by means of London to 106 when you consider that Russia invaded Ukraine in February.

London stated the asset freeze — the largest in UK history — could cut key sales assets for Russian President Vladimir Putin’s “conflict machine”.

“We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to the Kremlin,” said Foreign Secretary Liz Truss.

“We will keep going with sanctions until Putin fails in Ukraine. Nothing and no one is off the table.”


A travel ban has also been placed on Davidovich, who is described by Forbes as “Abramovich’s much lower profile right hand man”.

Tenenbaum is one of Abramovich’s closest business associates, and took control of an Abramovich-linked investment company immediately following Russia’s invasion.

The British Crown dependency of Jersey said Wednesday it has frozen more than $7.0 billion (6.4 billion euros) in assets believed to be linked to Abramovich.

Britain ultimate month slapped sanctions at the wealthy person for his close hyperlinks to Putin.

The billionaire has already been pressured to place Chelsea Football Club — which he sold in 2003 — up on the market.

Abramovich became also most of the people listed beneath new sanctions followed by the European Union in March.

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