Background Asset freezeĪn asset freeze prevents any UK citizen, or any business in the UK, from dealing with any funds or economic resources which are owned, held or controlled by the designated person and which are held in the UK. The licence will be kept under constant review and we will work closely with the football authorities. This licence will only allow certain explicitly named actions to ensure the designated individual is not able to circumvent UK sanctions.
This includes permissions for the club to continue playing matches and other football related activity which will in turn protect the Premier League, the wider football pyramid, loyal fans and other clubs. Given the significant impact that today’s sanctions would have on Chelsea football club and the potential knock on effects of this, the Government has this morning published a licence which authorises a number of football-related activities to continue at Chelsea. The UK will continue to lead global efforts to provide Ukraine with economic, diplomatic, humanitarian and defensive support. The UK will keep going further, faster and deeper to punish Putin’s regime for this callous war. The Economic Crime Bill coming into force next week will also significantly simplify the process of imposing sanctions, allow the UK to more easily sanction individuals, stop oligarchs threatening the UK with multi-million pound lawsuits for damages at the taxpayer’s expense and also allow the UK to mirror allies’ designations. The UK has already sanctioned more than 200 of Russia’s most significant and high-value individuals, entities and subsidiaries since the invasion, with over 500 of them now covered by the UK’s sanctions list. The UK has been at the forefront of this effort, shutting out large proportions of whole sectors of the Russian economy, such as its defence industry, its financial institutions and its transport sector. These sanctions are the latest step in the UK’s response to Putin’s illegal and unprovoked invasion, designed to ensure he fails in Ukraine by crippling Russia’s economy supporting his war machine. We will not stop in this mission to ramp up the pressure on the Putin regime and choke off funds to his brutal war machine. The blood of the Ukrainian people is on their hands. With their close links to Putin they are complicit in his aggression. Today’s sanctions show once again that oligarchs and kleptocrats have no place in our economy or society. We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies. Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people. There can be no safe havens for those who have supported Putin’s vicious assault on Ukraine.
Roman Abramovich owner of Chelsea FC and has stakes in steel giant Evraz and Norilsk Nickel.A further group of Russia-based oligarchs close to Putin have also been placed under sanction. Those newly-sanctioned by the UK include Roman Abramovich, owner of Chelsea Football Club, worth more than £9 billion leading industrialist Oleg Deripaska worth £2 billion, and Rosneft CEO Igor Sechin.
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