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.
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Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Thousands of residents of Spain’s North African enclave of Ceuta took to the streets on Wednesday to protest the government’s handling of a migration crisis that followed a deadly border surge in July.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Southern Chinese provinces were bracing for more torrential rain on Friday after Typhoon Saudel triggered severe flooding, swamping vehicles, collapsing at least one building and forcing mass evacuations.
President Donald Trump is leaving more than a paper trail from his time in office. The U.S. is now minting commemorative $1 coins for America’s 250th anniversary, featuring a portrait of the sitting president.
Pacific Island leaders expressed concern about China's Pacific missile test at their annual summit, though Nauru formally dissented, in a meeting largely overshadowed by Beijing's objections to Taiwan's presence.
China’s southern coastal provinces of Fujian and Guangdong are bracing for more torrential rain after Typhoon Saudel triggered widespread flooding, swept away vehicles and caused a three-storey building to collapse.
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