UK Freezes $13 Billion in Assets of Abramovich Associates

The United Kingdom announced on Thursday the freezing of assets worth about 10,000 million pounds (13,000 million dollars, 12,000 million euros) of two oligarchs long associated with the Russian Roman Abramovichowner of Chelsea F.C.

The sanctions against Eugene Tenenbaum, manager of Chelsea, and David Davidovich, of Canadian and Russian nationality respectively, bring to 106 the total number of oligarchs, relatives and associates sanctioned by London since Russia invaded Ukraine in February.

The British government has assured that this asset freeze – the largest in the country’s history – will cut off key sources of income for Russian President Vladimir Putin’s “war machine”.

“We target the circle of people closest to the Kremlin,” Foreign Minister Liz Truss defended, quoted in a statement.

“We will continue with the sanctions until Putin fails in Ukraine. Nothing or no one is being ruled out,” he added.

He also won over Davidovich, whom Forbes describes as “the discreet right hand of Abramovich”, the travel ban Kingdom United.

For his part, Tenenbaum is presented as one of the partners closest commercials of the owner of Chelsea, who immediately after the Russian invasion took control of an investment company linked to Abramovich.

The island of Jersey, dependent on the British Crown, announced on Wednesday that it had frozen more than 7,000 million dollars in assets believed to be linked to Abramovich.

Last month, London already imposed sanctions on the tycoon for his close ties to Putin.

The billionaire was forced to put the London soccer club he bought in 2003 up for sale.

Abramovich He is also on the list of people sanctioned by the European Union in March.

Source: Elcomercio

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