How did Roman Abramovich avoid sanctions?

On February 24, 2022, after the start of the Russia-Ukraine war, one of the most famous Russian oligarchs, Roman Abramovich, re-registered most of his assets in 10 trust funds in offshore financial institutions located in Cyprus and Jersey. This was reported by "Forbes".

These funds have at least $4 billion in assets, according to documents obtained and disclosed by the Center for the Investigation of Organized Crime and Corruption, "Forbes" and "The Guardian".

"Nineteen days later, when Abramovich was sanctioned by the European Union, he had already transferred his assets to the names of his children. In doing so, he took his superyachts out of Europe and four of them, including the $429 million Eclipse and the $507 million Solaris, went to Turkey, which is neutral in the Russia-Ukraine conflict.

For information, under British pressure, Abramovich was forced to sell Chelsea football club. At the time, his fortune fell from $14.3 billion to $6.9 billion after the ruble collapsed and trading on the Russian stock market was halted. According to "Forbes", now the value of Abramovich's assets is slightly closer to the previous values ​​- 9.2 billion dollars.