The deposits of businessman Roman Abramovich in US hedge funds were blocked due to British sanctions, sources told The Wall Street Journal (WSJ). It is alleged that the billionaire has been trying to sell shares in investment funds on the secondary market since at least the end of February.
The newspaper cited the text of the notice from SS&C Globe Op, which administers investment funds: “At the moment, the accounts associated with Roman Abramovich are blocked.” Such a message was received by one of the firms, which, according to the WSJ, is financed by Mr. Abramovich. The newspaper writes that other hedge funds received the same notifications.
Against the backdrop of Russia’s military operation in Ukraine, the billionaire was on the sanctions lists of Great Britain and Canada. The asset freeze resulted in a commercial ban for the London-based Chelsea club owned by Mr. Abramovich.
For more details, see Kommersant’s article “Roman Abramovich was taken out of the club.”