Jerse Island authoritiesy froze assets valued at more than $7 billionThese are thought to have been connected to Roman Abramovich. It is believed that Roman Abramovich was the latest financial disaster for this Russian oligarch after the Ukraine war.

States of Jersey Police executed searches warrants Tuesday at Jersey addresses suspected of having been connected with Abramovich’s business activities. According to a statement from the Law Officer’s Department, that country.

Jersey, part of the Channel Islands located off the coast of Normandy, France, Jersey, part of the Channel Islands located off the coast of Normandy, France, is a self-governing island whose head of state is Queen Elizabeth II of Great Britain. The United Kingdom offers military protection for the island.

Actions are performed once a month after the UK announced financial sanctionsFor his close relationships with Russian President Vladimir Putin (the architect of Russia’s invasion in Ukraine), the 56-year old Abramovich was reprimanded.

Abramovich, on the heels of the unprovoked conflict, announced that he was going to sell Chelsea soccer club in London.

The Guardian newspaperIt was last week that Abramovich, an associate of his, transferred ownership of the superyacht “Aquamarine” from him to a Jersey company that is owned by David Davidovich on February 24, 2014. This happened at the same time that Russia invaded Ukraine.

On Wednesday, it was unclear if the Aquamarine (50 m long) that is still in dry dock in The Netherlands by Jersey authorities, was one of those assets.

“The Royal Court also issued a formal freeze order on April 12, known as a saisie judiciar, for assets valued at more than US$7billion that are believed to be linked to Mr Abramovich, and are located or owned by Jersey-incorporated entities,” Jersey’s Law Officers’ Division said Wednesday. They declined to comment further.

The Financial TimesAccording to reports, Abramovich moved some of his investments in Jersey from the British Virgin Islands over recent years. These include helicopters and Sussurro the superyacht. the newspaper noted.

The Bailiwick Express’s Jersey edition reportedAbramovich had been expected to relocate to Jersey in 2018. However, that didn’t happen as his UK visa renewal was delayed due to the poisoning of Sergei Skripal (a former Russian military officer) and Salisbury’s daughter.

Jersey and Guernsey also depend on the U.K. as protection. In response to Putin’s order for Russian troops in eastern Ukraine, Guernsey ordered that five Russian banks be frozen and that three additional billionaires were placed into custody. the BBC reported at the time.

In the same month, Ian Gorst from Jersey’s External Relations Ministry stated that Jersey would implement “further actions” to comply with UK policies.

Gorst indicated that “Officers are continuing to work closely alongside UK counterparts” and that he was ready to make further steps to ensure Jersey’s response is consistent with international standards.