French authorities froze Roman Abramovich’s villa on the Cote d’Azur and real estate on the Caribbean island of St. Barth, writes WSJ. Earlier, a Jersey court froze the billionaire’s assets for $ 7 billion
French authorities have frozen more than 40 properties linked to sanctioned individuals, including Russian billionaire Roman Abramovich, The Wall Street Journal reported.
Among other things, the Chateau de la Croix villa in the French Riviera, where the British King Edward VIII lived after his abdication, was frozen, the newspaper writes. Abramovich purchased the property in 2009. In addition, the French authorities froze other properties associated with Abramovich, including on the island of St. Barth in the Caribbean, which has the status of an overseas community of France, writes WSJ.
Forbes sent a request to a representative of the billionaire.
Earlier, the Royal Court of Jersey issued a permit (saisie judiciaire) to freeze assets believed to be related to Abramovich. The value of the blocked assets is estimated at more than $ 7 billion. They are located in Jersey or belong to organizations registered on the island.
On March 10, the 55-year-old billionaire came under British sanctions (on March 15, the European Union included the billionaire in its sanctions list). The island of Jersey has its own administration, but is a possession of the British Crown. The island authorities said they would follow the UK sanctions.
