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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U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
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Pakistan has condemned Houthi attacks on Saudi Arabia at the United Nations, warning that escalating fighting in Yemen and increased activity around the Bab al-Mandab Strait threaten regional stability, global shipping and energy security.
Former Kosovo President Hashim Thaçi has been sentenced to 25 years in prison after being found guilty of war crimes, including murder, torture, cruel treatment and arbitrary detention.
Wednesday's session of the 24th Arab Media Summit in Dubai has shifted the discussion towards a central question for modern media: how can regional news organisations tell their own stories while reaching audiences far beyond their borders?
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
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