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.
NATO Secretary General Mark Rutte says the status of Greenland did not arise in his talks with U.S. President Donald Trump, as Trump stepped back from...
Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and ...
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion w...
The United States is placing renewed emphasis on regional partnerships that offer predictability, security cooperation and economic continuity as inst...
Armenia and Azerbaijan will interconnect their energy systems, enabling mutual electricity imports and exports as part of a wider regional transit ini...
Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and documents from state-run PDVSA showed.
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion with Brookfield Asset Management on the sidelines of the World Economic Forum in Davos, officials said.
The United States is placing renewed emphasis on regional partnerships that offer predictability, security cooperation and economic continuity as instability deepens across the Middle East and parts of Eurasia
Armenia and Azerbaijan will interconnect their energy systems, enabling mutual electricity imports and exports as part of a wider regional transit initiative, Armenian Prime Minister Nikol Pashinyan said.
Several locally-developed instant messaging applications were reportedly restored in Iran on Tuesday (20 January), partially easing communications restrictions imposed after recent unrest.
There was a common theme in speeches at the World Economic Forum on Tuesday (20 January). China’s Vice-Premier, He Lifeng, warned that "tariffs and trade wars have no winners," while France's Emmanuel Macron, labelled "endless accumulation of new tariffs" from the U.S. "fundamentally unacceptable."
Dozens of beaches along Australia's east coast, including in Sydney, closed on Tuesday (20 January) after four shark attacks in two days, as heavy rains left waters murky and more likely to attract the animals.
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
At the World Economic Forum’s “Defining Eurasia’s Economic Identity” panel on 20 January 2026, leaders from Azerbaijan, Armenia and Serbia discussed how the South Caucasus and wider Eurasian region can strengthen economic ties, peace and geopolitical stability amid shifting global influence.
NATO Secretary General Mark Rutte says the status of Greenland did not arise in his talks with U.S. President Donald Trump, as Trump stepped back from tariff threats and ruled out using force to take control of the territory.
Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and documents from state-run PDVSA showed.
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending the World Economic Forum, Swiss authorities said.
Kazakhstan has yet to receive results from two foreign laboratories examining evidence linked to the crash of an Azerbaijan Airlines aircraft near Aktau, delaying the publication of the final investigation report, officials said.
Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
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