The UK government has sanctioned Roman Abramovich as part of a crackdown on rich Russians holding assets in the country

Ministers have imposed sanctions on the owner of Chelsea Football Club and seven other Russian oligarchs in reaction to Russia’s invasion of Ukraine.

Mr. Abramovich has had a “tight connection for decades” with Russian President Vladimir Putin, according to a government statement announcing the move.

“Obtaining a financial advantage or other tangible benefits from Putin and the Russian government has been a part of this connection,” it stated.

Following the judgment, Three has “asked Chelsea Football Club temporarily stop our sponsorship of the club, including the removal of our brand from jerseys and around the stadium until further notice,” according to a representative for the company.

“We recognize that our decision will have an impact on the numerous Chelsea supporters who are devoted to their team.

“However, we believe it is the proper thing to do, given the circumstances and the government sanction in place.”


Chelsea selling process

Mr. Abramovich stated last week that he plans to sell Chelsea after nearly two decades of ownership, adding that the net revenues will be donated to “all victims of the tragedy in Ukraine.”

The sanctions will take effect before the football club can be sold, which was previously thought to be worth roughly £3 billion.

Following the British government’s announcement of fines against the club’s owner, Chelsea’s jersey sponsor, Three, a mobile phone and telecommunications firm, indicated they are evaluating their partnership with the club.

“We’re talking to Chelsea and rethinking our stance,” a spokeswoman for Three stated.

Another club sponsor, delivery firm Zapp, has stated that their relationship with the team is “under review.”

Mr. Abramovich’s assets will be blocked as a result of the measure, as well as a bar on transactions with UK persons and firms and a travel ban prohibiting him from entering the country.

Mr. Abramovich’s aircraft and yachts, which he owns or charters, might be taken, according to the declaration, which comes 117 years after Chelsea was founded.

The oligarch’s net worth is believed to be £9.4 billion, and he is one of the few oligarchs from the 1990s who has maintained prominence under Mr. Putin.

Mr. Abramovich, whom the government has characterized as a “pro-Kremlin oligarch,” is the first person to be sanctioned by the UK.

Another seven Russian oligarchs have been sanctioned.

The following are the other six Russian oligarchs sanctioned by the UK government on Thursday:

• Oleg Deripaska, who owns shares in the En+ Group, a large extractive, and energy corporation.

• Igor Sechin, CEO of Rosneft, Russia’s state-owned oil firm

• Andrey Kostin, the chairman of VTB Bank, Russia’s second-largest bank

• Alexei Miller, CEO of Gazprom, a Russian energy firm

• President of Russia’s state-owned pipeline firm, Transneft, Nikolai Tokarev

• Dmitri Lebedev, head of Bank Rossiya’s board of directors, commonly regarded as the Kremlin’s private bank

The seven most recent sanctioned persons have a combined net worth of roughly £15 billion.

More than 200 persons and companies have now been sanctioned by the government.

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