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Britain has imposed a travel ban and asset freezes on seven more wealthy Russians, including Roman Abramovich, the billionaire owner of Premier League soccer club Chelsea.

The government said Thursday that Abramovich’s assets are frozen, he is banned from visiting the UK and he is barred from transactions with UK individuals and businesses.

The government called Abramovich a “pro-Kremlin oligarch” who is worth more than £9 billion ($16b), and should be punished due to his association with Putin.

Roman Abramovich
Roman Abramovich, the billionaire owner of Premier League soccer club Chelsea, is one of several Russian Oligrachs slapped with new sanctions in the UK (Getty)

Abramovich was also linked with “destabilising … undermining and threatening” Ukraine.

Abramovich, whose fortune was made in oil and aluminium during the chaotic years that followed the collapse of the Soviet Union in 1991, has not condemned Russia’s invasion of its neighbour in two statements since the war began two weeks ago.

The British government said Abramovich has obtained financial benefits from Putin’s administration, including contracts in the buildup to Russia hosting the 2018 World Cup.

Abramovich, who is now banned from entering Britain, has not had a British visa since 2018 when he withdraw his renewal application amid a clampdown on rich Russians in the aftermath of the poisonings of Russian former spy Sergei Skripal and his daughter in the English city of Salisbury.

Britain blamed Russia for the pair’s exposure to a nerve agent, an allegation Moscow denied.

Roman Abramovich Vladimir Putin
Roman Abramovich (left) with Vladimir Putin (right) (Getty)

Abramovich said last week he was trying to sell Chelsea as the threat of sanctions loomed.

Abramovich was among seven wealthy Russians who had their assets frozen under British sanctions on Thursday as Boris Johnson’s administration deployed financial measures to put pressure on Putin while Britain is not getting militarily involved in the war.

Also added to the UK sanctions list are industrialist Oleg Deripaska and Rosneft chief executive Igor Sechin.

Sanctions on Abramovich see restrictions placed on Chelsea

Unprecedented restrictions were placed on Chelsea’s ability to operate by the British government on Thursday after owner Roman Abramovich was targeted in sanctions.

Abramovich was among seven wealthy Russians who had their assets frozen by the government. It freezes his ability to sell Chelsea which was announced last week after Russia invaded Ukraine.

Chelsea soccer club owner Roman Abramovich, right, attends the UEFA Women's Champions League final soccer match between Chelsea FC and FC Barcelona in Gothenburg, Sweden, Sunday, May 16, 2021.
Chelsea soccer club owner Roman Abramovich (Photo: May 2021) (AP Photo/Martin Meissner)

Team activities from selling new tickets to signing players were instantly restricted. The merchandise store at the Stamford Bridge stadium in west London was rapidly closed with a sign on the doors telling supporters it was “due to the latest government announcement.”

The government measures placed on an English Premier League team mean Chelsea can operate only under a special “Russia Regulations” license through May 31 that stymies Abramovich’s rapid plan to sell the club.

However, Chelsea is allowed to keep playing, with a game at Norwich on Thursday night.

Roman Abramovich Cesar Azpilicueta
Roman Abramovich (left) with Cesar Azpilicueta (right) (Getty)

Chelsea said it will be “seeking permission for the license to be amended in order to allow the club to operate as normal as possible.” The Premier League said it was working with Chelsea and authorities “to ensure the season will proceed as planned and in line with the government’s intention.”

Anyone with tickets until the end of the season in May can keep on going to matches but no new tickets can be purchased, which impacts the ability of any away fans to go to Stamford Bridge. The club also has to stop selling merchandise at its shop.

Staff, including players, can continue to be paid. The club’s wage bill was almost £28 million ($50.2m) a month in the most recent accounts.

A view through railings of Chelsea football club's Stamford Bridge stadium in London, Thursday, March 10, 2022.
Unprecedented restrictions have been placed on Chelseas ability to operate by the British government after owner Roman Abramovich is targeted in sanctions. Abramovich is among seven wealthy Russians who had their assets frozen by the government. (AP Photo/Kirsty Wigglesworth)

The club has been effectively placed under a transfer ban since it cannot spend on registering new players, while there are doubts over the ability to offer new contracts.

Only £500,000 ($900,000) can be spent on staging each match at Stamford Bridge, including on security and catering. A maximum of £20,000 ($35,900) can be spent on travel to matches. Chelsea plays in France at Lille in the Champions League next week.

The sponsor of Chelsea’s jerseys, telecommunications confirm Three, said it was in “discussions” with the club.

“We are reviewing our position,” Three said.

Chelsea completed the set of major trophies under Abramovich by winning the Club World Cup last month, joining two Champions League titles and five Premier Leagues under his ownership.

It is about “depriving Abramovich of benefiting from his ownership of the club,” Culture Secretary Nadine Dorries tweeted.

“I know this brings some uncertainty, but the Government will work with the league & clubs to keep football being played while ensuring sanctions hit those intended. Football clubs are cultural assets and the bedrock of our communities. We’re committed to protecting them.”

Source: 9News

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