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Roman Abramovich’s U.K. business empire stretched far beyond Chelsea Football Club. Among those who helped build it was an upstart firm with an illustrious name.
UK government announced ban on exporting professional services to Russia, prohibiting Russian businesses from benefitting. The amendments to the UK sanctions regime have not yet been implemented, and a timetable for their introduction is not currently known.
For wealthy Russians, the race to shield their fortunes from sanctions is reaching another level. Starting this month, registering or providing management services to family trusts that have Russian nationals as trustors or beneficiaries will no longer be allowed.
Investegate announcements from Evraz Plc, EVRAZ SANCTIONED
(Bloomberg) -- The $100 million megayacht Titan tied to steel billionaire Alexander Abramov is racing near top speed to reach the Suez Canal, likely bound for the safe waters of Turkey favored by other sanctioned Russian moguls.