The European Union imposed sanctions Tuesday on Chelsea football club owner Roman Abramovich as part of a new package of measures targeting Russia and President Vladimir Putin’s close allies.
The EU included the Russian oligarch in its updated list of individuals facing assets freeze and travel bans over their role in the Russian invasion of Ukraine.
The 55-year-old Abramovich had already been punished in Britain by Prime Minister Boris Johnson’s government last week. The aluminum magnate was among seven wealthy Russians who had their assets frozen under British sanctions in response to Russia’s invasion of Ukraine.
Abramovich has also been suspended as director of the Premier League club.
The EU said Abramovich “has had privileged access to the (Russian) president, and has maintained very good relations with him. This connection with the Russian leader helped him to maintain his considerable wealth.”
The European Council added 15 individuals and nine entities to its list of people and bodies sanctioned.
According to the 27-nation bloc, Abramovich’s connection with Putin helped him maintain his fortune, while the oligarch’s economic activities provided substantial revenues to the Russian government.
“He is a major shareholder of the steel group Evraz, which is one of Russia’s largest taxpayers,” the European Council said. “He has therefore been benefitting from Russian decision-makers responsible for the annexation of Crimea or the destabilization of Ukraine.”
Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.
