Russia sanctions: UK freezes assets of Abramovich associates

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Two Russian oligarchs linked to billionaire Roman Abramovich have been sanctioned by the UK government.

Chelsea FC director Eugene Tenenbaum and David Davidovich are longstanding business associates of Mr Abramovich, who owns the club.

The pair’s assets – estimated to be worth up to £10 billion in total – have been frozen.

Foreign Secretary Liz Truss said it was the largest asset freeze in UK history.

They join a list of individuals to have been sanctioned following Russia’s invasion of Ukraine, including Russian President Vladimir Putin’s two adult daughters.

This will prevent their financial assets being sent back to Russia.

The total number of individuals sanctioned by the UK since February now stands at 106.

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Mr Tenenbaum previously described himself as one of Mr Abramovich’s closest business associates.

Corporate filings show that he took control of Evrington Investments Limited, an investment company linked to Mr Abramovich, on 24 February.

Mr Davidovich then took over the company in March. He is also subject to a travel ban, meaning he is cannot enter – or remain in – the UK.

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