Finance Inquirer
No Result
View All Result
Tuesday, July 1, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Business

UK freezes up to £10 billion in assets of Russian oligarch Roman Abramovich’s longtime associates

Tom Hagler by Tom Hagler
14.04.2022
in Business
UK freezes up to £10 billion in assets of Russian oligarch Roman Abramovich’s longtime associates
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Chelsea owner Roman Abramovich (R) and director Eugene Tenenbaum (L) celebrate a goal on February 25, 2012, at Stamford Bridge in London.

Action Images / Jed Leicester via Reuters

  • The UK has sanctioned two longtime business associates of Russian oligarch Roman Abramovich.
  • Up to £10 billion ($10.8 million) in assets of Eugene Tenenbaum and David Davidovich may be frozen.
  • The UK government called it the “largest asset freeze action” in its history. 

The UK government announced on Thursday it is freezing up to £10 billion (or $10.8 million) in assets of two longtime business associates of Russian oligarch Roman Abramovich.

Sanctions placed on Eugene Tenenbaum and David Davidovich will “cut key revenue sources for Putin’s war machine,” the government said in a statement, calling it the “largest asset freeze action in UK history.” 

The UK’s Foreign and Commonwealth Office declined to elaborate further on any specific assets that will be frozen. 

“We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to the Kremlin. We will keep going with sanctions until Putin fails in Ukraine,” UK Foreign Secretary Liz Truss said in a statement.

She added: “Nothing and no one is off the table.”

Abramovich, who owns London-based Chelsea Football Club, has faced a slew of UK and EU sanctions, but he has so far avoided any from the US. 

According to the UK government, Tenenbaum, who is the director of the Chelsea Football Club, took over the Abramovich-linked investment firm Ervington Investments Limited after Russia invaded Ukraine in late February.

Davidovich then took over the firm from Tenenbaum in March. Forbes described Davidovich as Abramovich’s “lower-profile right-hand man,” who has worked at a handful of Abramovich’s ventures. 

This story is developing. Please check back for updates.

Read the original article on Business Insider businessinsider?d=yIl2AUoC8zA businessinsider?i=wiit61YVRE8:CjFpg7HyoM businessinsider?i=wiit61YVRE8:CjFpg7HyoM businessinsider?d=qj6IDK7rITs businessinsider?i=wiit61YVRE8:CjFpg7HyoM

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

JeraSoft Celebrates 20 Years of Trusted Connections

25.06.2025
Worldwide Banners Launches Australian Platform, Offering Direct Investment in Brand Advertising Campaigns as an Alternative Asset Class

Worldwide Banners Launches Australian Platform, Offering Direct Investment in Brand Advertising Campaigns as an Alternative Asset Class

24.06.2025
Boop! The Musical: Box Office Bomb Might be Closing Soon

Boop! The Musical: Box Office Bomb Might be Closing Soon

12.06.2025

The AI Revolution Rebuilding America’s Home Services

12.06.2025

Recent News

JeraSoft Celebrates 20 Years of Trusted Connections

25.06.2025
Worldwide Banners Launches Australian Platform, Offering Direct Investment in Brand Advertising Campaigns as an Alternative Asset Class

Worldwide Banners Launches Australian Platform, Offering Direct Investment in Brand Advertising Campaigns as an Alternative Asset Class

24.06.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In