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Jersey freezes £5.4bn of assets linked to Roman Abramovich

Local police reported to have raided several properties linked to Russian oligarch, who faces UK sanctions

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Jersey has frozen more than $7bn (£5.4bn) of assets linked to the sanctioned Russian oligarch and Chelsea FC owner Roman Abramovich.

The Royal Court of Jersey announced on Wednesday that it had imposed “a formal freezing order” on “assets understood to be valued in excess of US$7bn which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities”.

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