Chelsea director among two Russian oligarchs ‘with close ties to Roman Abramovich’ hit by fresh UK sanctions
2 years, 8 months ago

Chelsea director among two Russian oligarchs ‘with close ties to Roman Abramovich’ hit by fresh UK sanctions

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. While Mr Tenenbaum was hit with an asset freeze, Mr Davidovich, who is described by Forbes as being Mr Abramovich’s “much lower profile right-hand man”, received both an asset freeze and a travel ban. UK foreign secretary Liz Truss announced the government would freeze the pair’s assets – estimated to total up to £10bn – on Thursday afternoon, making this the largest asset freeze action in UK history. Nothing and no one is off the table.” She added the move would prevent either of Mr Abramovich’s associates from repatriating their assets to help “fund Putin’s war machine”. open image in gallery This map shows the extent of the Russian invasion of Ukraine The latest sanctions by the UK government come less than 24 hours after it was announced that a court in Jersey had decided to freeze assets worth more than £5bn, thought to be connected to Mr Abramovich’s business activities on the Channel Island.

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History of this topic

The Russian oligarch, UK football club, and billions of dollars in limbo
9 months ago

The Russian oligarch, UK football club, and billions of dollars in limbo

ABC  

Selling one of the world's most well-known football clubs was meant to create a $4.8 billion lifeline for Ukrainians fleeing a Russian invasion. Abramovich saw the writing on the wall, some media outlets say, and attempted to offload Chelsea before he became a target in Britain's "largest ever" package of sanctions against Russia. Chelsea blames financial losses on sanctions on …

U.K. lawmakers unhappy that Abramovich's frozen Chelsea funds still not used for Ukraine
11 months, 1 week ago

U.K. lawmakers unhappy that Abramovich's frozen Chelsea funds still not used for Ukraine

The Hindu  

U.K. lawmakers expressed frustration Wednesday that funds from the sale of the Chelsea football club have not yet gone to support Ukrainian war victims as had been promised nearly two years ago by the former owner, Russian billionaire Roman Abramovich. Mr. Abramovich sold Chelsea in 2022 after being sanctioned by the British government for what it called his enabling of …

Former Chelsea owner Abramovich loses legal action against EU sanctions
1 year ago

Former Chelsea owner Abramovich loses legal action against EU sanctions

Associated Press  

BRUSSELS — Former Chelsea soccer team owner Roman Abramovich lost a legal attempt to overturn European Union sanctions imposed on him for his role in Russia’s invasion of Ukraine, with an EU court dismissing his claim Wednesday. Abramovich filed a lawsuit at the EU’s general court against the European Council, which put the 57-year-old oligarch under sanctions in 2022 as …

Former Chelsea owner Abramovich loses legal action against EU sanctions
1 year ago

Former Chelsea owner Abramovich loses legal action against EU sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former Chelsea owner Roman Abramovich …

Chelsea posts 121.3 million pounds loss, blames sanctions on ex-owner Abramovich
1 year, 9 months ago

Chelsea posts 121.3 million pounds loss, blames sanctions on ex-owner Abramovich

The Hindu  

Chelsea had an overall net loss of GBP 121.3 million for 2021-22 due to “extraordinary expenses and loss of revenue” after sanctions were imposed on previous owner Roman Abramovich, the Premier League club said on Monday. “During this period, the club was restricted in a number of areas including, but not limited to, its ability to sell matchday and season …

Russian oligarchs close to President Putin still swerving sanctions
1 year, 10 months ago

Russian oligarchs close to President Putin still swerving sanctions

Firstpost  

London: Oligarchs reportedly close to Russian President Vladimir Putin who have had bank accounts frozen or property seized after Moscow’s invasion of Ukraine are pushing back against the Western sanctions – or finding ways around them. Russian banker Petr Aven, who insists he has “no financial or political relationship” with the Kremlin, is asking the UK government to unlock £60,000 …

US orders seizure of two of Roman Abramovich’s private planes
2 years, 7 months ago

US orders seizure of two of Roman Abramovich’s private planes

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Sanctioned Abramovich files lawsuit at EU general court
2 years, 7 months ago

Sanctioned Abramovich files lawsuit at EU general court

Associated Press  

BRUSSELS — Roman Abramovich has filed a lawsuit at the EU’s general court against the European Union Council, which imposed sanctions on the former Chelsea owner as part of measures targeting Russia and President Vladimir Putin’s close allies. Abramovich was forced to sell Chelsea after being sanctioned by the British government for what it called his enabling of Putin’s “brutal …

Chelsea owner Roman Abramovich insists he isn't reneging on pledge to write off £1.6bn debt
2 years, 8 months ago

Chelsea owner Roman Abramovich insists he isn't reneging on pledge to write off £1.6bn debt

Daily Mail  

Roman Abramovich on Thursday night moved to allay Government fears that he is trying to renege on his promise to write off a £1.6billion debt he is owed by Chelsea. The changes would see the debt paid from Chelsea's parent company Fordstam Ltd to a Jersey-based company Camberley International Investments, which appears to be linked to Abramovich, raising alarm from …

Chelsea sale: Boris Johnson 'considering giving proceeds to grassroots football in the UK'
2 years, 8 months ago

Chelsea sale: Boris Johnson 'considering giving proceeds to grassroots football in the UK'

Daily Mail  

Prime Minister Boris Johnson is reportedly considering giving some proceeds of the sale of Chelsea FC to grassroots football in the UK, yet the majority will still go towards supporting Ukraine. Boris Johnson is reportedly considering giving some proceeds of the sale of Chelsea FC to grassroots football in the UK American investor Todd Boehly is the frontrunner to become …

Chelsea not distracted by sanctions on director Tenenbaum - Tuchel
2 years, 8 months ago

Chelsea not distracted by sanctions on director Tenenbaum - Tuchel

The Hindu  

Chelsea manager Thomas Tuchel said the team was focused on Sunday’s FA Cup semifinal against Crystal Palace and had not been distracted by the British government imposing sanctions on club director Eugene Tenenbaum. It's no new subject so for me, from my point of view, that here at the training ground it is far from as big a distraction as …

Kremlin dismisses Abramovich poisoning, confirms role in peace talks with Ukraine
2 years, 9 months ago

Kremlin dismisses Abramovich poisoning, confirms role in peace talks with Ukraine

Hindustan Times  

The Kremlin on Tuesday denied a report that Chelsea Football Club owner Roman Abramovich was poisoned while taking part in peace talks over Ukraine, but confirmed he is acting as an intermediary. Russian billionaire and owner of Chelsea football club Roman Abramovich The Wall Street Journal reported Monday that Abramovich and Ukrainian negotiators were targets of a suspected poison attack, …

EU imposes sanctions on Chelsea owner Roman Abramovich
2 years, 9 months ago

EU imposes sanctions on Chelsea owner Roman Abramovich

The Hindu  

The European Union imposed sanctions Tuesday on Chelsea soccer club owner Roman Abramovich as part of a new package of measures targeting Russia and President Vladimir Putin's close allies. According to the 27-nation bloc, Abramovich's connection with Mr Putin helped him maintain his fortune, while the oligarch's economic activities provided substantial revenues to the Russian government. The EU sanctions against …

EU imposes sanctions on Chelsea owner Roman Abramovich
2 years, 9 months ago

EU imposes sanctions on Chelsea owner Roman Abramovich

Associated Press  

BRUSSELS — The European Union imposed sanctions Tuesday on Chelsea soccer club owner Roman Abramovich as part of a new package of measures targeting Russia and President Vladimir Putin’s close allies. According to the 27-nation bloc, Abramovich’s connection with Putin helped him maintain his fortune, while the oligarch’s economic activities provided substantial revenues to the Russian government. The EU sanctions …

Premier League disqualifies Roman Abramovich from running Chelsea
2 years, 9 months ago

Premier League disqualifies Roman Abramovich from running Chelsea

The Hindu  

In an unprecedented ruling against a club owner, the Premier League ordered Roman Abramovich on Saturday to stop running Chelsea and sell up after he was sanctioned by the British government over Russia's war on Ukraine and his close links to President Vladimir Putin. The government welcomed the Premier League's move against Abramovich, characterizing the disqualification as being part of …

Premier League board strips Chelsea owner Roman Abramovich of club directorship
2 years, 9 months ago

Premier League board strips Chelsea owner Roman Abramovich of club directorship

Hindustan Times  

The Premier League board has disqualified Chelsea owner Roman Abramovich as a director at the English top-flight soccer club after he was sanctioned by the British government over Russia's invasion of Ukraine, the league said in a statement on Saturday. Russian billionaire and owner of Chelsea football club Roman Abramovich Abramovich, who had been under scrutiny after Russia's invasion, said …

Premier League: Roman Abramovich disqualified as Chelsea director
2 years, 9 months ago

Premier League: Roman Abramovich disqualified as Chelsea director

Firstpost  

Roman Abramovich has been disqualified as a Chelsea director by the Premier League board after the British government sanctioned the Russian billionaire. London: Roman Abramovich has been disqualified as a Chelsea director by the Premier League board after the British government sanctioned the Russian billionaire. “Following the imposition of sanctions by the UK Government, the Premier League board has disqualified …

Roman Abramovich disqualified as director of Chelsea
2 years, 9 months ago

Roman Abramovich disqualified as director of Chelsea

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. A statement from the league on Saturday read: “Following the imposition of …

Premier League board disqualifies Chelsea owner Abramovich as a director at club
2 years, 9 months ago

Premier League board disqualifies Chelsea owner Abramovich as a director at club

The Hindu  

The Premier League board has disqualified Chelsea owner Roman Abramovich as a director at the English top-flight football club after he was sanctioned by the British government over Russia's invasion of Ukraine, the league said in a statement. Following the sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club …

Government right to sanction Chelsea's Abramovich, says Liverpool Jurgen Klopp
2 years, 9 months ago

Government right to sanction Chelsea's Abramovich, says Liverpool Jurgen Klopp

The Hindu  

The British government was right to impose sanctions on Chelsea's Russian owner Roman Abramovich but the Premier League club's employees should not have to suffer for it, Liverpool manager Juergen Klopp said on Friday. Abramovich, who had been under scrutiny following Russia's invasion of Ukraine, announced he was selling the London club last week but that sale is now on …

What Does Roman Abramovich's Sanctions Mean For His Premier League Team Chelsea?
2 years, 9 months ago

What Does Roman Abramovich's Sanctions Mean For His Premier League Team Chelsea?

The Quint  

Chelsea’s football teams will continue with the remainder of their season, but the club cannot recruit new players or renew contracts of the current players. Meanwhile, sponsors have reacted negatively to the situation with Three, the main shirt sponsor with a deal worth £40 million yearly, temporarily suspending their agreement and asking for their logo to be taken off all …

UK sanctions Russian lawmakers who supported Ukraine breakaways
2 years, 9 months ago

UK sanctions Russian lawmakers who supported Ukraine breakaways

Al Jazeera  

The blacklisted Duma members will be banned from travelling to or doing business in the UK and accessing assets held there. Friday’s announcement is the latest in a series of punitive measures taken by the UK and other international allies to increase diplomatic pressure on Russian President Vladimir Putin. “We’re targeting those complicit in Putin’s illegal invasion of Ukraine and …

Chelsea feels effects of sanctions imposed on Abramovich
2 years, 9 months ago

Chelsea feels effects of sanctions imposed on Abramovich

Associated Press  

LONDON — Chelsea fans received an unwelcome present on the Premier English League team’s 117th birthday Thursday: British government sanctions against Russian owner Roman Abramovich that only served to intensify the team’s growing pariah status in the soccer world. The club’s future was already in doubt: Abramovich, whose $2 billion investment in Chelsea over 19 years transformed the team into …

Chelsea owner Roman Abramovich sanctioned by UK government
2 years, 9 months ago

Chelsea owner Roman Abramovich sanctioned by UK government

Op India  

The United Kingdom has added Russian oligarch and Chelsea football club owner Roman Abramovich to its list of sanctioned individuals as a response to Russia’s special military interventions against Ukraine. According to the reports, Roman Abramovich’s efforts to sell his football club Chelsea are in doubt after the UK government sanctioned the Russian oligarch and froze his assents in the …

What the sanctions on Roman Abramovich and six other Russian oligarchs entail
2 years, 9 months ago

What the sanctions on Roman Abramovich and six other Russian oligarchs entail

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK Government has announced …

Hunt is on for superyachts owned by Roman Abramovich and other Russian oligarchs sanctioned by UK
2 years, 9 months ago

Hunt is on for superyachts owned by Roman Abramovich and other Russian oligarchs sanctioned by UK

Daily Mail  

The hunt is on for multi-million pound superyachts in British waters owned by Roman Abramovich, Oleg Deripaska and other oligarchs who were warned by Boris Johnson today that there are 'no safe havens'. The hunt is on for multi-million pound superyachts in British waters owned by Roman Abramovich, Oleg Deripaska and other oligarchs who were warned by Boris Johnson today …

Roman Abramovich: Chelsea tycoon scrambling to save empire
2 years, 9 months ago

Roman Abramovich: Chelsea tycoon scrambling to save empire

Firstpost  

The UK government’s decision to freeze his assets cripples the activities of Chelsea Football Club, the jewel in Abramovich’s crown, and delivers another crushing blow to his business realm. London, United Kingdom: Roman Abramovich rose from a penniless background in Russia’s frozen north to become a multi-billionaire and a celebrity football tycoon, but his empire is teetering on collapse after …

Chelsea future uncertain after sanctions against owner Roman Abramovich
2 years, 9 months ago

Chelsea future uncertain after sanctions against owner Roman Abramovich

Hindustan Times  

European champions Chelsea are now effectively under the control of the British government after Russian owner Roman Abramovich was placed under sanctions on Thursday. SPECIAL LICENCE Chelsea are now operating under a special government licence, which allows some exemptions to the asset freeze restrictions, in order to allow the west London club to fulfil their fixtures. British government Culture Secretary …

Chelsea owner Roman Abramovich, Oleg Deripaska among seven oligarchs hit by new UK sanctions, says government
2 years, 9 months ago

Chelsea owner Roman Abramovich, Oleg Deripaska among seven oligarchs hit by new UK sanctions, says government

Firstpost  

Chelsea Football Club owner Roman Abramovich was on Thursday hit with an assets freeze and travel ban as part of new UK government sanctions targeting seven Russian oligarchs. London, United Kingdom: Chelsea Football Club owner Roman Abramovich was on Thursday hit with a UK assets freeze and travel ban, throwing his plans to sell the European and world club champions …

Chelsea faces restrictions as owner Abramovich sanctioned
2 years, 10 months ago

Chelsea faces restrictions as owner Abramovich sanctioned

Al Jazeera  

The sale of the club is now on hold and activities such as selling new tickets and signing players have been restricted. European football champions Chelsea are among the assets of Roman Abramovich frozen by the British government after he was sanctioned for his close links with Russian President Vladimir Putin. Abramovich, who had been under scrutiny following Russia’s invasion …

UK freezes assets of Abramovich, six other Russian oligarchs
2 years, 10 months ago

UK freezes assets of Abramovich, six other Russian oligarchs

Al Jazeera  

The UK government hits seven Russian oligarchs with an assets freeze and travel ban because of their link to Putin. Chelsea Football Club owner Roman Abramovich has been hit with an assets freeze and travel ban as part of new UK government sanctions targeting seven Russian oligarchs. Deripaska, who has stakes in En+ Group, an Anglo-Russian green energy and metals …

UK sanctions Russian oligarch and Chelsea owner Roman Abramovich
2 years, 10 months ago

UK sanctions Russian oligarch and Chelsea owner Roman Abramovich

CNN  

London, UK CNN — The UK has added Russian oligarch and Chelsea FC owner Roman Abramovich to its list of sanctioned individuals as part of its efforts to “isolate” Russian President Vlamidir Putin following Russia’s invasion of Ukraine – throwing the sale of the London club into doubt and prohibiting the buying or selling of players until further notice. According …

N’Golo Kante Reveals Chelsea Players are Shocked to Know About Roman Abramovich’s Exit
2 years, 10 months ago

N’Golo Kante Reveals Chelsea Players are Shocked to Know About Roman Abramovich’s Exit

News 18  

Current Chelsea Football Club owner and Russian billionaire Roman Abramovich has decided to sell the Premier League team amid increasing pressure following Russia’s military offensive in Ukraine. Chelsea midfielder N’Golo Kante revealed that the team is in a state of shock after hearing about Abramovich’s decision as they did not expect this. Abramovich decided to sell all his assets including …

PM pressured to seize oligarch assets as it emerges sanctions may take ‘months”
2 years, 10 months ago

PM pressured to seize oligarch assets as it emerges sanctions may take ‘months”

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior Tories called for the immediate seizure of oligarchs’ assets in the UK, such …

Manager Thomas Tuchel 'can't imagine' Chelsea without Roman Abramovich after club put up for sale
2 years, 10 months ago

Manager Thomas Tuchel 'can't imagine' Chelsea without Roman Abramovich after club put up for sale

Firstpost  

Abramovich has come to the “incredibly difficult” conclusion that he must sell Chelsea amid the political fall-out from Russia’s invasion of Ukraine. Thomas Tuchel admitted he cannot imagine life without Roman Abramovich after the Russian billionaire’s stunning decision to put Chelsea up for sale. Abramovich bought Chelsea in 2003 and his vast investment helped the west London club win 19 …

Abramovich selling Chelsea in fallout from Russia's invasion
2 years, 10 months ago

Abramovich selling Chelsea in fallout from Russia's invasion

The Hindu  

Faced with the threat of financial sanctions targeting Russians, Chelsea owner Roman Abramovich announced Wednesday he is trying to sell the Premier League club that became trophy-winning machine thanks to his lavish investment. Follow live updates here “Please know that this has been an incredibly difficult decision to make, and it pains me to part with the club in this …

Roman Abramovich confirms he will sell Chelsea
2 years, 10 months ago

Roman Abramovich confirms he will sell Chelsea

The Hindu  

Faced with the threat of financial sanctions targeting Russians, Chelsea owner Roman Abramovich confirmed on Wednesday he is trying to sell the Premier League club he turned into an elite trophy-winning machine with his lavish investment. “Please know that this has been an incredibly difficult decision to make, and it pains me to part with the club in this manner,” …

Russia-Ukraine Crisis Forcing Roman Abramovich to Sell Chelsea?
2 years, 10 months ago

Russia-Ukraine Crisis Forcing Roman Abramovich to Sell Chelsea?

The Quint  

"Abramovich is currently trying to sell all his villas in England. I, along with three other people, received an offer on Tuesday to buy Chelsea from Abramovich," Swiss newspaper Blick quoted Wyss as saying in an interview published on Wednesday. A few days ago, Abramovich tried to distance himself from the club in a bid to save it from possible …

Inside Stamford Bridge: What life without Roman Abramovich will mean for Chelsea
2 years, 10 months ago

Inside Stamford Bridge: What life without Roman Abramovich will mean for Chelsea

The Telegraph  

Roman Abramovich has confirmed he is planning to sell Chelsea, with the Russian billionaire pledging to donate any net proceeds from the sale to help victims of the war in Ukraine. Ownership The fear for Chelsea has always been what the club would look like once Abramovich has gone. Offers have been fielded in the past, Abramovich first employed the …

Chelsea's Roman Abramovich trying to find 'peaceful resolution' to Ukraine crisis, allies say
2 years, 10 months ago

Chelsea's Roman Abramovich trying to find 'peaceful resolution' to Ukraine crisis, allies say

Daily Mail  

Chelsea owner Roman Abramovich has been named as an unlikely broker in a deal to end the war in Ukraine and has reportedly arrived in Belarus to assist in peace talks, it has today emerged. Ukraine war: The latest Ukraine's MoD says Russia has lost 5,300 soldiers, 29 planes, 29 helicopters and 151 tanks Russia's MoD has for the first …

Russian billionaires pay the price of Putin's war, lose over $126 billion
2 years, 10 months ago

Russian billionaires pay the price of Putin's war, lose over $126 billion

India Today  

Billions of dollars have been wiped from the fortunes of Russia’s billionaires as the country’s stock market and the ruble plunged after President Vladimir Putin launched a full-scale invasion of Ukraine. READ | Russia-Ukraine war | Putin alerts nuclear force, here's all you need to know Over 116 billionaires have lost more than $126 billion since Russia invaded Ukraine on …

Abramovich relinquishes control of Chelsea, still owns club
2 years, 10 months ago

Abramovich relinquishes control of Chelsea, still owns club

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

U.S. sanctions on Russian oligarchs miss richest of rich
2 years, 10 months ago

U.S. sanctions on Russian oligarchs miss richest of rich

The Hindu  

The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels. Mr. Biden said Thursday the new U.S. sanctions would nonetheless cripple Russia’s financial system and stymie its economic growth by targeting Russia’s biggest banks, which the Treasury Department said holds nearly 80% of all …

US sanctions on Russian oligarchs miss richest of rich
2 years, 10 months ago

US sanctions on Russian oligarchs miss richest of rich

Associated Press  

WASHINGTON — The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels. Daniel Fried, a former U.S. official under both Democratic and Republican administrations who helped craft U.S. sanctions against Moscow in the wake of Putin’s 2014 invasion of the Crimean Peninsula, said he …

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