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Roman Abramovich Has $7 Billion of Assets Frozen in Tax Haven Jersey

  • Jersey authorities are latest to target Russian tycoon
  • Jersey-registered firm provided $1.4 billion loan to Chelsea
Roman Abramovich

Roman Abramovich

Photographer: Simon Dawson/Bloomberg

Updated on

A Jersey court froze more than $7 billion of assets linked to Roman Abramovich, equivalent to half of the Russian billionaire’s publicly estimated wealth.

Police in the English Channel tax haven raided premises “suspected to be connected” to Abramovich, while the local Royal Court imposed the asset freeze, according to the Jersey government. It’s the latest sign of a crackdown on offshore wealth held by sanctioned Russian billionaires.