What happens when assets are frozen - and what sanctions against Abramovich mean for Chelsea
manchestereveningnews.co.ukChelsea owner and Russian-Israeli billionaire Roman Abramovich has been sanctioned by the British government and his assets frozen.
It comes as the UK toughens its sanctions on Russia and Russian individuals with assets in the country amid the continuing invasion of Ukraine.
Mr Abramovich is among seven oligarchs targeted by the UK in a hit worth an estimated £15 billion - the latest wave of financial sanctions imposed by the UK.
Abramovich's one-time business partner, leading industrialist Oleg Deripaska has also been sanctioned. Read more: Ukrainian nationals with passports can apply for UK visas in bid to speed up process The sanctions were announced today by Foreign Secretary Lizz Truss who stated there is now a full asset freeze and travel ban on seven of Russia's wealthiest and influential oligarchs whose business is linked closely with the Kremlin.
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