Roman Abramovich is among seven oligarchs to be hit with an asset freeze and travel bans under brutal new UK sanctions unveiled today.
The government has announced that the owner of Chelsea FC will also be prohibited from transactions with UK individuals and businesses – meaning his plan to sell the club looks impossible.
Mr Abramovich’s one time business partner, Oleg Deripaska, has been hit with the same measures – as have Rosneft chief Igor Sechin and four more described as being in Putin’s ‘inner circle’.
Roman Abramovich is one of seven Russian oligarchs sanctioned by the UK Government today.
The Government estimates his wealth at more than £9billion and notes his stakes in steel giant Evraz, Norilsk Nickel and ownership of Chelsea FC.
‘He is one of the few oligarchs from the 1990s to maintain prominence under Putin,’ a Government spokesman said.