U.K. Could Take Months to Potentially Sanction Abramovich
- British officials seeking to build legal case against tycoons
- Abramovich set to sell Chelsea Football Club, donate money
This article is for subscribers only.
It could take months of legal work before the the U.K. is ready to even consider sanctioning Roman Abramovich and some other wealthy Russians, because government lawyers have still to lay the foundations of a watertight case against them, a person familiar with the matter said.
Prime Minister Boris Johnson is under mounting pressure from the opposition Labour Party to sanction Abramovich, a billionaire who made his fortune in Russia and owns London’s Chelsea Football Club.