{"id":8999,"date":"2025-11-18T15:50:49","date_gmt":"2025-11-18T16:50:49","guid":{"rendered":"https:\/\/globaltalenthq.com\/?p=8999"},"modified":"2025-11-24T18:43:34","modified_gmt":"2025-11-24T18:43:34","slug":"uk-tax-haven-blocks-russian-tycoons-chelsea-cash-for-ukraine","status":"publish","type":"post","link":"https:\/\/globaltalenthq.com\/index.php\/2025\/11\/18\/uk-tax-haven-blocks-russian-tycoons-chelsea-cash-for-ukraine\/","title":{"rendered":"UK tax haven blocks Russian tycoon\u2019s Chelsea cash for Ukraine"},"content":{"rendered":"

Around $3 billion from the football club\u2019s sale remains in limbo because Jersey began to probe the source of the funds<\/strong><\/p>\n

A UK offshore tax haven is blocking Russian tycoon Roman Abramovich’s attempt to hand the proceeds from the sale of the Chelsea football club to Ukraine, the Daily Telegraph reports, citing sources.<\/p>\n

Following the escalation of the Ukraine conflict in 2022, the UK sanctioned Abramovich – who had owned Chelsea for 20 years – while in the Channel island of Jersey, a probe was launched into the origins of the Russian tycoon’s wealth.<\/p>\n

Jersey’s Royal Court imposed a freezing order on £5.3 billion ($7 billion) in assets linked to Abramovich, the report said. The move also blocked £2.35 billion from the 2022 sale of Chelsea, money the tycoon had reportedly intended to direct toward aid for victims of the Ukraine conflict on both sides.<\/p>\n

The funds remain frozen in a UK bank account pending a Foreign Office license for their release. Due to sanctions, Abramovich cannot access the money but retains legal ownership, meaning he must approve any distribution.<\/p>\n

According to the outlet, Jersey initially treated Abramovich as a criminal suspect, but later documents show that raids on his properties were carried out unlawfully. His lawyers argued that officials deleted key data during the probe, a claim that emerged after they compelled the authorities to release internal communications about the case.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"Roman
Russian tycoon\u2019s team denies \u2018misleading\u2019 Guardian claim<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

The Jersey court has recently sided with Abramovich, ordering the government to pay his legal costs and condemning its conduct as “extreme,”<\/em> the report said.<\/p>\n

A spokesperson for the businessman called the attorney general’s move “illegitimate”<\/em> and “politically motivated,”<\/em> arguing that it was driven by a desire to bolster Jersey’s image as a financial hub amid growing sensitivities over Russian money. He noted the irony of a government that once welcomed Abramovich’s “clean”<\/em> funds now coming under scrutiny for its own actions.<\/p>\n

The UK operates is own offshore tax-havens under crown protection, helping wealthy individuals and multinationals avoid higher taxes in their home countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Around $3 billion from the football club\u2019s sale remains in limbo because Jersey began to probe the source of the funds A UK offshore tax haven is blocking Russian tycoon Roman Abramovich’s attempt to hand the proceeds from the sale of the Chelsea football club to Ukraine, the Daily Telegraph…<\/p>\n

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