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Chelsea owner added to New Zealand sanction list

Somewhat belatedly, Roman Abramovich is on the latest list of people sanctioned by the New Zealand government due to Russia’s war in Ukraine.

He has been banned from travelling to the country, along with a further 35 people, in a new round of sanctions directed at Russian oligarchs with close ties to Vladimir Putin.

Abramovich has already been forced to put up or sale Chelsea, the club he has owned since 2003.

He has also transferred control of an investment vehicle to an associate, and relocated two super-yachts to Turkey, which has not imposed sanctions and where they are out of the reach of the European and US authorities.

Not that Abramovich will be too worried. He has a net worth in excess of US $8 billion and even if the money from the sale of Chelsea goes to victims of the war, as he has promised, he will still have a lot left over.

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