‘Tied to one person…’: UK freezes Abramovich’s assets

“Tied to a person…”
Britain freezes Abramovich’s fortune

Roman Abramovich is said to be close to Vladimir Putin, because of which the British government imposes sanctions on the oligarch. The owner of Chelsea FC is said to have benefited from concessions made by Putin and the Russian government.

The British government placed Roman Abramovich, owner of Chelsea FC, and six other members of the Russian oligarch on the sanctions list. Among other things, the head of Russian oil giant Rosneft, Igor Sechin, has been placed on the sanctions list and their assets frozen, the government said. Abramovich announced last week that he wants to sell Chelsea.

In justifying the move, the government said that “Abramovich was linked to a person involved in the destabilization of Ukraine” and “threaten the territorial integrity, sovereignty and independence of Ukraine”, specifically with Vladimir Putin, with whom Abramovich was. He had a close relationship for decades. This link ensured obtaining a benefit financial or other material from Putin and the Russian government.” The 61-year-old denies being close to Putin.

Despite this, Abramovich’s assets were frozen and business with British individuals and companies was prohibited. He was also prevented from traveling and transporting. “There should be no safe havens for those who supported Putin’s vicious attack on Ukraine,” Prime Minister Boris Johnson was quoted as saying.

Abramovich ‘like all oligarchs are in a state of panic’

Chelsea have obtained a license for the time being so that “football related activities” can continue. The government said the intention was to prevent the sanctions from harming the football club. By allowing Chelsea to continue playing their matches, you are protecting the Premier League, football as a whole, loyal fans and other clubs. The license is checked regularly.

Abramovich recently announced that he wants to sell the club after nearly 20 years. He had previously relinquished the leadership of the Champions League champions. The move came in response to calls for sanctions against him, which are now in effect before the Chelsea sale. The planned sale is currently discontinued.

Swiss billionaire Hansgeorg Weiss said last week that the club would be offered. “Abramović is currently trying to sell all his villas in England. He also wants to get rid of Chelsea quickly,” Weiss told Swiss newspaper Blick.

“On Tuesday, I and three other people received an offer to buy Chelsea from Abramovich.” He’ll check it out for four to five days, and he doesn’t yet know the exact sale price. Weiss stressed that “like every other oligarch, he is in a state of panic,” because the Russian is “one of Putin’s closest advisers and friends.”

Is it not yet included in the EU sanctions list?

In justifying Abramovich’s place in the sanctions list, the British government wrote that the entrepreneur had obtained concessions from Putin and the Russian government in the form of “tax exemptions for companies associated with Abramovich, the purchase and sale of shares to and from the state and contracts received in the run-up to the 2018 FIFA World Cup.”

On Wednesday, the European Union also announced that it would impose sanctions on 14 additional rulings. But a diplomat told Reuters that Abramovich was not on that list.

At the end of February, it was reported that Abramovich wanted to try to help de-escalate the conflict at the request of Ukraine. Abramovich’s spokesman became Abramovich’s spokesman. “I can confirm that the Ukrainian side contacted Roman Abramovich and asked for his support to find a peaceful solution. Since then it has been trying to help.” Quoted. “Given what is at stake, we ask for your understanding that we have not commented on or shared the situation. Thank you,” the statement continued.

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