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Jersey Court Seizes $7 Billion of Abramovich’s Assets

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Jersey court seizes $7 billion of abramovich’s assets
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First, the Jersey Police searched premises suspected to be connected to Roman Abramovich’s businesses, then the Russian billionaire had $7 billion of assets frozen.

Mr. Abramovich is among several wealthy Russians who´s assets are seized as sanctions over Russia’s invasion of Ukraine. The new hit came in the island Jersey, a self-governing dependency in the Channel Islands between England and France.

“The Royal Court imposed a formal freezing order on 12 April, known as a saisie judiciaire, over assets understood to be valued in excess of US$7bn which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities,” the Jersey Law Officers’ Department said.

A five superyachts fleet linked to the businessman together worth an estimated $1 bn is also docked in Turkey. Abramovic, who tried unsuccessfully to sell Chelsea Football Club in March, is one of the many targets by European countries.

Here a list elaborated by CNN of superyachts seized to Russian billionaires:

“Crescent”, unknown owner. $600 million. Tarragona, Spain.

“Sailing Yacht A”, Andrey Melnichenko. $577 million in Trieste, Italy.

“Valerie”, Sergei Chemezov. $140 million in Barcelona, Spain.

“Amore Vero”, Igor Sechin. $120 million in La Ciotat, France.

“Tango”, Viktor Vekselberg. $90 million in Mallorca, Spain.

“Axioma”, Dmitry Pumpyansky. $75 million in Gibraltar.

“Lady M”, Alexey Mordaschov. $71 million in Imperia, Italy.

“Lena”, Gennady Timchenko. $55 million in San Remo, Italy.

“Phi”, unknown owner. $50 million in London, England.

Tags: Roman AbramovichRussian invasion

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