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    Roman Abramovich, a Russian oligarch who is not currently sanctioned, has moved to sell Chelsea FC, a trophy soccer club asset he owns in London. In response to Russia's invasion of Ukraine, the U.S., EU, UK, Australia, and others are scrutinizing the assets of several wealthy and influential Russians. Over the weekend, Italian authorities seized yachts and villas belonging to some sanctioned oligarchs. Similarly, French customs seized a yacht belonging to an oligarch that was attempting to set sail. The U.S. Justice Department and other countries have also set up task forces to hunt down oligarch assets.

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    Roman Abramovich, a Russian oligarch who is not currently sanctioned, has moved to sell Chelsea FC, a trophy soccer club asset he owns in London. In response to Russia's invasion of Ukraine, the U.S., EU, UK, Australia, and others are scrutinizing the assets of several wealthy and influential Russians. Over the weekend, Italian authorities seized yachts and villas belonging to some sanctioned oligarchs. Similarly, French customs seized a yacht belonging to an oligarch that was attempting to set sail. The U.S. Justice Department and other countries have also set up task forces to hunt down oligarch assets.

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    46 views3 pages

    WSJ Russian Oligarchs Sanctions What To Know 11646264511

    Uploaded by

    a
    Roman Abramovich, a Russian oligarch who is not currently sanctioned, has moved to sell Chelsea FC, a trophy soccer club asset he owns in London. In response to Russia's invasion of Ukraine, the U.S., EU, UK, Australia, and others are scrutinizing the assets of several wealthy and influential Russians. Over the weekend, Italian authorities seized yachts and villas belonging to some sanctioned oligarchs. Similarly, French customs seized a yacht belonging to an oligarch that was attempting to set sail. The U.S. Justice Department and other countries have also set up task forces to hunt down oligarch assets.

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    of 3

    RUSSIA

    Who Are Russia’s Oligarchs and Why Are They Under


    Scrutiny?
    Roman Abramovich isn’t on any sanctions lists but has moved to sell a trophy asset, the Chelsea FC
    soccer club

    By Chip Cummins
    Updated March 9, 2022 8 05 am ET

    Listen to article (2 minutes)

    In response to Russia’s invasion of Ukraine, the U.S., the European Union, the U.K., Australia and
    others have said they are moving to scrutinize the assets of a handful of rich and powerful Russians.

    Over the weekend, Italian authorities swooped in and seized a number of yachts and villas owned by
    some of Russia’s sanctioned billionaires. A few days before, French customs officers got a tip that
    another super yacht belonging to an oligarch was getting ready to set sail, and seized it. The Justice
    Department joined other countries in setting up special task forces to hunt down assets. The U.S.
    named its team Task Force KleptoCapture.

    TO READ THE FULL STORY

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