The British government says it has given Russian billionaire Roman Abramovich a final chance to hand over 2.5 billion pounds or $3.25 billion to the victims of Russia's war in Ukraine.
Against the geopolitical backdrop of Russia’s invasion of Ukraine in early 2022, a consortium led by American private equity titans took the opportunity to acquire one of soccer’s crown jewels.
U.K. lawmakers have expressed frustration that funds from the sale of the Chelsea soccer club have not yet gone to support Ukrainian war victims as was promised nearly two years ago by the former owner, Russian billionaire Roman Abramovich.
When Vladimir Putin came to power in 2000, the outside world viewed “Russian oligarchs” as men who whose vast wealth, ruthlessly amassed, made them almost shadow rulers.
Having little soccer experience hasn't stopped American businessman Todd Boehly making some big calls in his first 100 days as the face of Chelsea’s new ownership.
Federal authorities are moving to seize a $60 million Gulfstream and a $350 million aircraft believed to be one of the world's most expensive private airplanes after linking both aircraft to Russian oligarch Roman Abramovich.
Government officials familiar with the matter say Western allies are considering whether to allow Russian oligarchs buy their way out of western sanctions and using the money to rebuild Ukraine.
Roman Abramovich’s 19-year ownership of Chelsea is ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.
Billionaire Moshe Kantor has severed his longstanding ties to Tel Aviv University — joining a growing list of Russian Jewish oligarchs who have scaled back their philanthropic activities after coming under international sanctions for their ties to President Vladimir Putin.
The bid for Chelsea launched by Boston Celtics co-owner Steve Pagliuca has added Canadian sports tycoon Larry Tanenbaum ahead of Thursday’s expected deadline for improved offers for the Premier League club.
The board chairman of Russian metals company Rusal has called for an investigation into events in the Kyiv suburb of Bucha, where Ukrainian officials say Russian troops killed civilians.
Sanctioned Russian billionaire Roman Abramovich has been seen on the sidelines of negotiations between Kyiv and Moscow aimed at bringing to an end the war in Ukraine.
The public lobbying to be chosen as a preferred bidder for Chelsea has stepped up as increased offers were being mulled by bankers tasked with selling the English Premier League club for sanctioned owner Roman Abramovich.
Turkish media reports says a yacht belonging to Chelsea soccer club owner and sanctioned Russian oligarch Roman Abramovich has docked in Turkey's Aegean Sea resort of Bodrum.
An adviser to Ukrainian President Volodymyr Zelenskyy says Ukraine demanded a cease-fire, the withdrawal of Russian troops and legal security guarantees for Ukraine during Wednesday's talks with Russia.
The European Union have slapped a new round of sanctions against Russia, seeking to deny oligarchs their love of luxury and block Russia from cashing in on its lucrative steel exports.
Israel is grappling with how to deal with dozens of Jewish Russian oligarchs as Western nations step up sanctions on businesspeople with ties to Russian President Vladimir Putin.
Chelsea has played its first game at Stamford Bridge since owner Roman Abramovich's assets were frozen as the Russian oligarch was sanctioned by the British government.
The Premier League has disqualified Roman Abramovich from running Chelsea after the club owner was sanctioned by the British government over Russia’s war on Ukraine.
The decision to sanction Roman Abramovich and freeze his assets has left Chelsea to continue playing only with the approval of the British government under special conditions.
European governments are moving against Russian oligarchs to put pressure on Russian President Vladimir Putin to back down on his war in Ukraine, seizing superyachts and other luxury properties from billionaires on sanctions lists.
Chelsea’s Russian owner Roman Abramovich has confirmed he is trying to sell the Premier League club he turned into an elite trophy-winning machine with his lavish investment.
Russia’s war on Ukraine has sent shockwaves through the global community of wealthy Russians who have built luxurious lives in the West while keeping close to the Kremlin.
Several issues remain a day after Chelsea owner Roman Abramovich handed over the “stewardship and care” of the Premier League club to its charitable foundation trustees, declaring he always had “the club’s best interest at heart.”.
Poland’s refusal to play its World Cup qualifier against Russia next month in response to that nation's invasion of Ukraine gained wider support when Sweden followed with its own plans to protest to FIFA.
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A British journalist and her publisher are fighting a defamation claim from billionaire Chelsea Football Club owner Roman Abramovich over a book about the rise of Russian President Vladimir Putin.
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