The Foreign Office has announced new sanctions against Chelsea Football Club manager Eugene Tenenbaum and fellow Russian oligarch David Davidovich.
Both men are described as being ‘close’ to current Chelsea owner Roman Abramovich, who has previously been sanctioned by the UK and EU.
While Mr. Tenenbaum was hit with an asset freeze, Mr. Davidovich, who is described by Forbes as “Mr. Abramovich’s much more low-key right-hand man”, received both an asset freeze and a travel ban.
British Foreign Secretary Liz Truss announced on Thursday afternoon that the government would freeze the pair’s assets – estimated at £10 billion – making it the biggest ever asset freezing action in the country. UK history.
This brings the total number of sanctioned oligarchs, family members and associates of Russian President Vladimir Putin since February to 106.
“We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to the Kremlin,” Ms Truss said of Britain’s latest show of support for Ukraine.
“We will continue to impose sanctions until Putin fails in Ukraine. Nothing and no one is on the table.
She added that the move would prevent either of Mr Abramovich’s associates from repatriating his assets to help “fund Putin’s war machine”.
Mr Tenenbaum has previously described himself as one of Mr Abramovich’s “closest business associates”, according to the Foreign Office.
Documents filed by the companies show he took control of Evrington Investments Limited – an investment firm linked to Abramovich – on February 24, the same day Moscow launched its assault on Ukraine. Mr. Davidovich then took over Evrington Investments from Mr. Tenenbaum a month later.
Sanctions imposed by the UK and its international partners have “profound and damaging” consequences on Putin’s ability to wage war, the government has said.
Analysis shows Moscow is heading into the deepest recession since the collapse of the Soviet Union, with £275bn – 60% of Russia’s foreign currency reserves – currently frozen.
The latest UK government sanctions come less than 24 hours after it was announced that a Jersey court had decided to freeze assets worth more than £5billion believed to be linked to Mr Abramovich’s business activities on the Channel Island.
Mr Abramovich was among several wealthy Russians added to UK and EU sanctions lists last month following Russia’s invasion of Ukraine, and governments have since moved to seize them superyachts and other luxury assets.
The billionaire tried to sell Chelsea FC in March, but this process was withdrawn from him by the government after his sanction.
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