Jersey court freezes $7 billion of assets connected to Abramovich


  • World
  • Wednesday, 13 Apr 2022

FILE PHOTO: Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London October 31, 2011. REUTERS/Andrew Winning/File Photo

LONDON (Reuters) - The Royal Court of Jersey has imposed a formal freezing order on $7 billion worth of assets linked to Roman Abramovich while police have searched properties linked to the billionaire, the British Channel Island's Law Officers' Department said.

Abramovich was among several wealthy Russians added last month to British and European Union sanctions over Russia's invasion of Ukraine, and governments have since been taking action to seize yachts and other luxury assets from them.

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