UK Government Freezes Abramovich’s Assets, Transfer Banned

Chelsea owner, Roman Abramovich,
has finally been sanctioned by the
United Kingdom government. The
Russian billionaire had his assets
frozen and has been prohibited from
making transactions with UK individuals
and businesses.

A travel ban and transport sanctions
have also been imposed on Abramovich. There can be no safe havens for those who have supported Putin’s vicious assault on Ukraine.

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, Prime Minister Boris
Johnson said.

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, Prime Minister Boris
Johnson said.

Speculation has swirled for weeks
about whether Abramovich would be
included on the targeted action against Russian billionaires perceived to be
close to the Kremlin.

The UK government estimated his
net worth at £9.4 billion (11.1 billion
euros, $12.2 billion), but said it was
mitigating the effect of the sanctions
on Chelsea by allowing the club to
continue to operate.

A special licence authorises a
number of football-related activities,
the government said in a statement.

This includes permissions for the club to continue playing matches and other football-related activity which will, in turn, protect the Premier League, the wider football pyramid, loyal fans and other clubs,it added.

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Deripaska is Abramovich’s one-time business partner, while officials described Sechin as Russian President Vladimir Putin’s right-hand man. The four others; Miller, VTB bank chairman Andrey Kostin, Transneft president Nikolai Tokarev and Bank Rossiya chairman Dmitri Lebedev; are part of his inner circle,

Collectively, the seven have a net worth of about £15 billion, the statement read. Prime Minister Boris Johnson called the sanctions the latest step in the UK’s unwavering support for the Ukrainian people.

Foreign Secretary Liz Truss added: Today’s sanctions show once again that oligarchs and kleptocrats have no place in our economy or society. With their close links to Putin, they are complicit in his aggression. The blood of the Ukrainian people is on their hands. They should hang their heads in shame.