Safe haven to sanctions: how Jersey sheltered Roman Abramovich’s billions

Abramovich’s legal battle in Jersey deepens as court upholds $7 billion asset freeze

The long-running legal saga surrounding Russian billionaire Roman Abramovich entered a new phase this week after courts in Jersey published a series of long-hidden judgments confirming that a sweeping investigation into suspected money laundering and sanctions breaches will continue. The release of these documents, some of which were issued more than a year ago, sheds unprecedented light on how one of the world’s most powerful businessmen became…

Safe haven to sanctions: how Jersey sheltered Roman Abramovich’s billions

Court papers show the island cautiously welcomed the oligarch – with London’s approval – before Russia’s invasion of Ukraine For decades the Channel Islands tax haven of Jersey has played a big role in moving fortunes made in some of the world’s most despotic countries into the west, attracting…