WASHINGTON — Thursday’s announcement by the United Kingdom that assets owned by two Russian oligarchs had been frozen for up to 10 billion pounds (or $13 billion U.S.)

Eugene Tenenbaum was attacked and David Davidovich was hit, close to Roman Abramovich who is a more well-known Russian billionaire. represent the largest asset freeze actionAccording to a spokesperson for the government, this is British history.

One day earlier, authorities in Jersey had placed an asset freeze. froze assets valued at more than $7 billion that are suspected of being connected to Abramovich.

This means that the total assets have been frozen for as high as 20 billion dollars. Davidovich was prohibited from visiting Britain after the ban. Tenenbaum however was not.

Jersey is an autonomous Channel Island, headed by Britain’s Queen Elizabeth II.

Officials from the UK claimed that the Jersey judgment against Abramovich was coordinated with the UK’s actions against Tanenbaum, Davidovich and Tanenbaum.

These were designed to cut off cash sources that Russian President Vladimir Putin might use to finance his failed invasion of Ukraine.

In a statement, Liz Truss (below), British Foreign Secretary said that “we are increasing the pressure on Putin’s warmachine and targeting the circle people closest to Putin.” “We will not stop using sanctions to prevent Putin from failing in Ukraine. There is no way to deny anyone.

England, in particular London has been an important hub for Russia’s post-Soviet billionaire classes. Numerous landmark properties are located in London’s most fashionable neighborhoods and serve as second homes for Russian oligarchs.

Russia’s brutal invasion of Ukraine, and the international reaction to it are jeopardizing the financial security British pounds or British property used to provide to Russia’s wealthiest and most connected oligarchs.

British sanctions that were imposed against Abramovich in March force him to sell Chelsea soccer club, a well-respected London team.

An agreement to sell Chelsea worth multi-billion dollars is close to completion. four bidders still in the runningOwn one of the top soccer teams in Europe.

Contrary to Chelsea’s high-profile assets, Tenenbaum and Davidovich now control the holding companies. These two corporations (below, left), represent Abramovich’s hidden side.

International sanctions placed in the wake of Russia’s aggression on Ukraine shed light on how Russian oligarchs hide the origins and destinations of their wealth through the use of shell companies around the world.

The Cayman Islands and Jersey, which are relatively small tax havens, have been able to announce the freeze of assets worth tens billions of dollars by Russian oligarchs.

Jersey is a long-standing secretive tax haven for corporations. Many of the richest people in the world hide their wealth using shell companies and byzantine mazes.

According to British authorities, Tenenbaum as well Davidovich were both associated with Evrington Investments Limited in Jersey. This company is believed to be linked to Abramovich.

Corporate records indicate that Abramovich, who was also the head of Evrington Investments Limited on February 24, when Russia invaded Ukraine in an invasion, transferred that control to Tenenbaum.

Tenenbaum gave control to Davidovich a little over a month later.

It wasn’t Tenenbaum alone who took control of Abramovich assets exactly on the date of the invasion.

According to corporate records Abramovich, transferred control over Norma Investments on Feb. 24 to Davidovich. In the past, Abramovich has used Norma Investments to fund energy startupsWall Street Journal reports on the events around the globe.

It wasn’t only companies.

The Aquamarine was one of Abramovich’s largest yachts and was transferred to Davidovich in February 24. according to an investigation by The Guardian. Technically, MHC Jersey Ltd is the owner of the super yacht, measuring 150 feet. It is registered on Jersey.

Davidovich told the Guardian that the MHC and the yacht were his.