Chelsea sale on hold as UK government impose sanctions on Roman Abramovich
The UK government on Wednesday seized Chelsea Football Club as it imposed tougher sanctions on Russian owner Roman Abramovich.
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The UK government on Wednesday seized Chelsea Football Club as it imposed tougher sanctions on Russian owner Roman Abramovich.
Chelsea owner Roman Abramovich has been sanctioned by the UK government as part of their attempts to crack down on wealthy Russians with assets within the country.
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Roman Abramovich's attempt to sell Chelsea has been halted after the oligarch was sanctioned by the UK government as part of its response to Russia's invasion of Ukraine.
Ukrainian Winter Paralympians wept and pumped their fists in the air in defiance against Russia's invasion of their homeland during a moment's silence at the Athletes' Village on Thursday. On day six of the Beijing Winter Paralympics the team held a solemn ceremony to call for peace and honour their fallen countrymen and women, during a break from training commitments as well as cross-country skiing and biathlon races. The United Nations estimates about 2.2 million Ukrainian refugees have fled the country, calling it Europe's fastest-growing refugee crisis since World War II.
Roman Abramovich's hopes of selling European champions Chelsea were put on hold on Thursday after the UK government hit the Russian billionaire with an assets freeze. The finance ministry said restrictions "apply to any entities that are owned or controlled by Roman Abramovich", adding: "This means Chelsea Football Club is now also subject to an asset freeze under UK financial sanctions."Abramovich was on Thursday hit with an assets freeze and travel ban as part of new UK government sanctions targeting seven Russian oligarchs. Among others sanctioned are leading industrialist Oleg Deripaska, Rosneft chief executive Igor Sechin and the head of Gazprom Alexei Miller, the government announced.
Russia’s world No. 1 Daniil Medvedev said he is unsure whether he will be allowed to continue playing but wants to promote his sport. The ATP and WTA condemned Russia’s invasion of Ukraine in a joint statement last week, banning Russian athletes from team events and ruling that individuals can compete on the tour but not under the name of their flag or country.