Peter Russell

UK freezes record $13 billion in assets linked to two Abramovich associates

The United Kingdom has frozen assets belonging to two Russian oligarchs worth up to $10 billion pounds, or $13 billion U.S. dollars.
Eugene Tenenbaum and David Davidovich are both close associates of Russian billionaire Roman Abramovich.
Thursday’s action represents the largest asset freeze in British history, according to a government spokesperson.
The freeze on Tenenbaum and Davidovich was coordinated with a freeze by authorities on the offshore tax haven of Jersey froze assets valued at more than $7 billion that are suspected of being connected to Abramovich.