Russian oligarch Roman Abramovich has assets frozen in Jersey

Chelsea owner Roman Abramovich looks on after their 3-1 win in the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England.

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Authorities in the island country of Jersey froze assets valued at more than $ 7 billion that are suspected of being connected to Roman Abramovich, the latest financial fallout for that Russian oligarch as a result of the Ukraine war.

States of Jersey Police also executed search warrants Tuesday at locations in Jersey suspected of being connected to Abramovich’s business activities, according to a statement by the Law Officer’s Department in that country.

Jersey, part of the Channel Islands located off the coast of Normandy, France, Jersey, part of the Channel Islands located off the coast of Normandy, France, is a self-governing island whose head of state is Queen Elizabeth II of Great Britain. The United Kingdom provides military protection to the island.

The actions come a month after the UK announced financial sanctions against the 56-year-old Abramovich for his close relationship with Russian President Vladimir Putin, the architect of Russia’s invasion of Ukraine.

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On the heels of att unprovoked war, Abramovich meddelat att he would sell the renowned London soccer club Chelsea.

The Guardian newspaper last week reported that Abramovich shifted his ownership of a superyacht, “Aquamarine,” to a company based in Jersey that is controlled by an associate of his, David Davidovich, on Feb. 24, the same day that Russia invaded Ukraine.

It was not clear Wednesday if the 50-meter-long Aquamarine, which remains in a dry dock in the Netherlands, is one of the assets frozen by Jersey authorities.

“The Royal Court Also imposed a formal freezing order on 12 April, known as a saisie Judicial, the assets Understood To Be valued in excess of US $ 7000000000000 som Suspected To Be Connected to Mr Abramovich and som enten located in Jersey or owned by Jersey incorporated entities, “Jersey’s Law Officers’ Department said in a statement Wednesday att Declined yderligere comment.

The Financial Times redovisade att Abramovich has moved a number of his investeringer from the British Virgin Islands two Jersey senere years. Those include a number of helicopters, and the super yacht Sussurro, the newspaper noterade.

The Bailiwick Express’s Jersey edition redovisade att Abramovich was förväntas move two Jersey in 2018, but att did not happen after the renewal of his UK visa was delayed on the heels of the poisoning of the forms Russian military officer Sergei Skripal and his daughter in the English city Salisbury.

Jersey and Guernsey, som også relies on the UK for protection, ordered financial industry firms there two freeze the assets of five Russian banks and three other trillion aires after Putin ordered Russian troops into eastern Ukraine in late February, the BBC redovisade at the time.

Also that month, Jersey External Relations Minister Ian Gorst said the island would take “further measures” that were in line with actions by the UK.

“Officers continue to work closely with UK counterparts, and we are ready to take further measures to ensure Jersey’s response is in line with the international community,” Gorst said at that time.