NEW YORK—A U.S. court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich under U.S. measures imposed after Russia’s invasion of Ukraine, court records showed. But the U.S. government’s likelihood of gaining control of the aircraft worth nearly $400 million was uncertain. A Department of Justice official…
US Wins Authority to Seize Russian Oligarch’s Planes
June 8, 2022
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Business & Marketseconomic policieseconomyEuropefederal judgeInternationalMarketsRoman AbramovichRussiaRussia-Ukraine WarVladimir PutinWorld
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The Curse of Money Destroys Football
May 12, 2022
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AustraliaChelsea FCEuropeEuropean footballKylian MbappeLionel MessiOpinionParis Saint GermainRoman AbramovichSoccerSportsViewpointsWorld
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Commentary “One can buy anything with money, except morality” is a well-known quote of Jean-Jacques Rousseau, a Genevan 18th century philosopher. This quote is very apposite to describe the crazed world of European football (or soccer), where money dictates the outcomes of the national leagues’ competitions and the Champions League in a race for permanent sporting…
Chelsea Being Sold for $3 Billion to LA Dodgers Owners, Investors
LONDON—Chelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the Premier League club over the war in Ukraine. The sale price of 2.5 billion pounds ($3.1 billion) for…
UK Permits Some Ticket Sales for Chelsea Fans, Abramovich Moves Two Super-Yachts to Turkey
March 25, 2022
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Business & EconomyChelsea FCeconomic policieseconomyEuropeMarketsRoman AbramovichRussia-Ukraine WarSoccerSportsWorld
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The U.K. government has amended sanctions on Russian billionaire Roman Abramovich and his Chelsea FC, allowing ticket sales for two important upcoming football matches. However, proceeds will go to event organizers, and not to the club. Chelsea is defending its EUFA (European) Champions League and world league crown in the quarterfinal versus Real Madrid beginning…
New Asset Tracker Monitors Wealth of Russian Oligarchs, Putin’s Allies
March 23, 2022
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Aleksei NavalnyBusiness & EconomyEuropeMarketsRoman AbramovichRussia-Ukraine Warrussian oligarchsWorld
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A nonprofit network dedicated to exposing organized crime recently launched the Russian Asset Tracker, a consolidated database of assets held by prominent Russian oligarchs and key figures with close ties to President Vladimir Putin. The initiative, headed by the Organized Crime and Corruption Reporting Project (OCCRP) in collaboration with 27 media outlets, was conceived in…
‘Captain America’ Scores in Chelsea’s Champions League, Amid Turmoil of Russian Club Owner Being Sanctioned
U.S. captain and Chelsea F. C. superstar, Christian Pulisic, received “Man of the Match” honors scoring in the 2–1 victory, 4–1 aggregate, in the second leg match on March 16, over French champion Lille to advance into the quarterfinals of the UEFA Champions League. Pulisic, nicknamed “Captain America,” also scored in the first leg at home,…
Australia Unveils Sanctions on 33 Russian Oligarchs Including Chelsea Owner Abramovich
March 13, 2022
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AustraliaBusiness & Economyeconomic policiesEuropeInternationalMarise PayneRoman AbramovichRussiaRussia-Ukraine WarSoccerSportsUkraineWorld
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The Australian government has announced fresh sanctions on 33 Russian “oligarchs” including notable billionaire and Chelsea football club owner Roman Abramovich. The latest tranche of penalties will cover the heads of Russian state-owned enterprises and the armed forces and follows recent sanctions—numbering around 460—from the United States, United Kingdom, European Union, Canada, and New Zealand….
UK Sanctions 386 Russian Parliamentarians for Supporting Ukrainian Separatists
March 11, 2022
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Boris JohnsonChelseaDumaEuropeliz trussRoman AbramovichRussia-Ukraine Warrussian oligarchsUKUkraineVladimir PutinWorld
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Britain has sanctioned hundreds of Russian parliamentarians as the government seeks to further “tighten the screw” on President Vladimir Putin’s regime over the invasion of Ukraine. The government said on Friday that 386 members of the Duma—the lower house of the Russian parliament—are being banned from travelling to the UK and any assets they have…
Russian Billionaire Roman Abramovich and 6 Others Hit With Asset Freezes and Travel Bans
March 10, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketsoligarchRoman AbramovichRussia-Ukraine WarRussian billionaireUKWorld
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Russian billionaire Roman Abramovich has been hit with a UK travel ban and asset freeze, as Britain tightens the screws on oligarchs with close ties to Russian President Vladimir Putin amid backlash to the Ukraine invasion. Abramovich’s name features alongside six other wealthy Russian businessmen that have been added to the UK sanctions list, according…
Seizing The Property Of Russian Oligarchs: Guilt By Association?
March 8, 2022
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Alisher UsmanovAustraliaEuropeguilt by associationOpinionPutinRoman AbramovichRussia-UkraineRussia-Ukraine Warrussian oligarchsRussian sanctionsUncategorizedViewpointsWorld
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Commentary The Western world is united in its response to the Russian invasion of Ukraine. Western countries, including the United States, the European Union, and the United Kingdom, have imposed a bevy of sanctions expected to hurt the Russian economy. One such sanction that lately received a great deal of media coverage is the seizure…
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