By Elizabeth Hearst for AMLi
The UK Government has today announced that Roman Abramovich, owner of Chelsea FC, has been sanctioned as part of an estimated £15BN sanction hit.
Mr Abramovich will see his assets frozen, as well as a prohibition on transactions with UK individuals and businesses, a travel ban and transport sanctions imposed.
In a press release, the UK Government announced a full asset seizure and travel ban on seven of Russia’s wealthiest oligarchs who are “closely associated with the Kremlin.”
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