Roman Abramovich, the Russian billionaire and former Chelsea Football Club owner, has assembled a “top tier” legal team, including a former White House advisor, as he prepares for a legal battle in Jersey.
UK Prime Minister Keir Starmer has urged Abramovich to “pay up now” and release roughly £2.5 billion from the Chelsea sale for Ukraine aid, threatening legal action could follow if he does not comply.
The dispute could determine whether billions of pounds will help aid for victims of Russia’s invasion of Ukraine.
The legal battle centres on more than £5.3 billion of Abramovich’s assets that have been frozen on the island of Jersey. These assets originate from offshore structures and trusts linked to the oligarch, parts of which include proceeds from the sale of Chelsea FC - funds Abramovich publicly pledged to a charitable foundation for Ukraine.
Abramovich's case reflects wider questions about how oligarch fortunes are structures and protected.
An investigative documentary by AnewZ, The Oligarch's Design, explores how offshore financial systems have allowed politically connected elites linked to Russian President Vladimir Putin, to move, shield and retain control over vast sums of money deemed to be used in Russia's invasion of Ukraine.
The Jersey government, acting under sanctions tied to the UK and EU have frozen Abramovich’s assets as part of an ongoing criminal investigation.
Part of the dispute involves the holding structures of the funds and whether Jersey acted lawfully in its proceedings.
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are...
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military co...
The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday....
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing re...
China has launched three taikonauts to its Tiangong space station, including one crew member set to spend a full year in orbit in one of the longest p...
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are hampering efforts to contain the virus.
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Police fired tear gas and clashed with protesters in central Belgrade on Saturday, as tens of thousands gathered to demand early elections and an end to the more than decade-long rule of Serbia's President Aleksandar Vučić.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Doctors working on the front lines of the Ebola outbreak in the Democratic Republic of Congo say attacks on treatment centres and fleeing patients are hampering efforts to contain the virus.
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
China has launched three taikonauts to its Tiangong space station, including one crew member set to spend a full year in orbit in one of the longest planned space missions ever attempted.
Chinese President Xi Jinping praised the “unbreakable friendship” between China and Pakistan as he met Pakistani Prime Minister Shehbaz Sharif in Beijing on Monday, a day after companies from both countries signed cooperation agreements worth $1.22 billion.
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