Sanctions on Abramovich see restrictions placed on Chelsea

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LONDON: European and world soccer champion Chelsea was among the assets of Roman Abramovich frozen by the British government on Thursday (March 10) after he was sanctioned for his close relationship with Russian President Vladimir Putin.

Team activities from selling new tickets to signing players were instantly restricted. The merchandise store at the Stamford Bridge stadium in west London was rapidly closed with a sign on the doors telling supporters it was"due to the latest government announcement".

The government called Abramovich a"pro-Kremlin oligarch” who is worth more than 9 billion pounds , and should be punished due to his association with Putin. Abramovich was also linked with"destabilising ... undermining and threatening" Ukraine. The ripples are being felt at Chelsea, the club Abramovich has pumped more than $2bil into over 19 years, transforming the team into a force in European football.

The club has been effectively placed under a transfer ban since it cannot spend on registering new players, while there are doubts over the ability to offer new contracts. The sponsor of Chelsea’s jerseys, telecommunications confirm Three, said it was in"discussions” with the club.Abramovich was among seven wealthy Russians who had their assets frozen under British sanctions on Thursday as Boris Johnson’s administration deployed financial measures to put pressure on Putin while Britain is not getting militarily involved in the war.

 

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