Article #258729

Russian oligarch says money is his to allocate despite international sanctions imposed on his assets

The Russian oligarch Roman Abramovich has stepped up his row with the British government over the £2.5bn proceeds of his sale of Chelsea FC, insisting that the money is his to allocate despite the international sanctions imposed on his assets.

The UK and EU imposed sanctions on Abramovich in 2022, freezing his assets in response to Moscow’s full-scale invasion of Ukraine, citing his ties to Vladimir Putin’s regime.