UK government imposes sanctions on Chelsea FC director Eugene Tenenbaum – The Guardian

The UK government has imposed sanctions on Chelsea football club director Eugene Tenenbaum in an attempt to freeze up to 10bn of assets linked to the club’s Russian oligarch owner, Roman Abramovich.

The UK said it was extending sanctions to Tenenbaum and David Davidovich, another close associate of Abramovich, because the oligarch had transferred billions of pounds of assets to the pair as Russia invaded Ukraine.

The Foreign Office said the sanctions would “freeze assets connected with the pair estimated to total up to 10bn – the largest asset freeze action in UK history”. The department said the asset freezes would “prevent these assets from being repatriated to Russia and used to fund Putin’s war machine”.

“We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to the Kremlin,” Liz Truss, the foreign secretary, said. “We will keep going with sanctions until Putin fails in Ukraine. Nothing and no one is off the table.”

The UK said the…

Read Full Story: https://www.theguardian.com/world/2022/apr/14/uk-government-imposes-sanctions-on-chelsea-fc-director-eugene-tenenbaum

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