luxury yachts, cars, upscale London homes and Chelsea FC


Ministers have sanctioned the Russian billionaire Roman Abramovichfreezes his British assets after he was accused of supplying steel to build tanks used in the invasion of Ukraine.

Sir. Abramovich and oligarch Oleg Deripaska were among a list of seven new individuals to be sanctioned by the government yesterday when Boris Johnson promised to crack down on any “safe havens” for Vladimir Putin’s allies.

The move means billions of pounds worth of UK-based assets linked to Mr Abramovich have been frozenincluding Chelsea Football Club.

Secretary of State Liz Truss, who announced the new sanctions, said that because of their close ties to Mr Putin, “they are complicit in his aggression”.

She added: “The blood of the Ukrainian people is on their hands. They should hang their heads in shame. We will not stop in this mission to increase the pressure on the Putin regime and stifle funds for his brutal war machine.”

In its official sanctions case, the government said it has attacked Mr Abramovich because he is “associated with a person involved in destabilizing, undermining and threatening Ukraine”.

It adds that the billionaire is accused of “undermining and threatening Ukraine’s sovereignty and independence” because of his position as a shareholder in the metal and mining company Evraz PLC.

The document states that the company “potentially” supplied steel to the Russian military for the production of its tanks, which are currently stationed in Ukraine.

Trading in shares of Evraz, a London-listed company, was halted on Thursday after the sanctions were imposed.

The Financial Conduct Authority said the suspension of trading in shares “to protect investors pending clarification of the impact of UK sanctions”.

Sir. Abramovich has an estimated fortune of £ 10 billion. after creating its wealth through oil and metal industries that started in the 1990s after the collapse of the old Soviet Union.

He is named as individual 201 on the UK sanctions list, exposing him to a freeze on assets and entry bans as a “pro-Kremlin oligarch”.

That means his £ 150 million mansion in the highly exclusive Kensington Palace Gardens, known as Billionaires Row and home to the Duke and Duchess of Cambridge, will be abandoned. According to the sanction rules, utility bills cannot be paid, security guards cannot be hired, and neither can cleaning staff or builders, as it is illegal to perform any activity in a frozen asset.

It has also been reported Ambramovich has been looking for buyers for a penthouse believed to be worth £ 30 million in the Chelsea Waterfront, which is said to be one of London’s most coveted addresses.

Roman Abramovich’s superyacht Solaris was spotted in Barcelona earlier this month. (Photo: Albert Gea / Reuters)

His other real estate interests in London include a £ 28m townhouse. on the healthy Belgravia’s Eaton Square, which has been nicknamed the Red Square due to the amount of Russian-owned property.

His other assets include the £ 430m Solaris superyacht, which reportedly has a radar-controlled missile detection system and armored protection.

On Thursday, it was seen heading southeast through the Mediterranean after departing from Barcelona.

Another yacht, the £ 540m Eclipse, was anchored off the British Virgin Islands, while Abramovich also has a Boeing 767, which comes complete with a ballroom.

He is also said to own a fleet of cars, including a £ 16m Aston Martin Vulcan, a £ 1.7m Porche, a £ 1.6m Ferrari and a £ 1.5m Bugatti Veyron.

His ships and aircraft are now banned from entering British ports and can be seized, while any aircraft he owns or charters are banned from flying over or landing in the UK.

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