Roman Abramovich’s U.S Hedge Fund Investment Frozen

United States hedge fund firms which have investments from Russian oligarch Roman Abramovich have been directed to freeze his assets after Britain imposed sanctions on the billionaire last week.

A few days ago, Britain froze his assets including Britain based football club Chelsea football club. In addition, Britain also imposed travel ban on the billionaire together with other six senior Russians due to their links with Russian President Vladimir Putin and his invasion of Ukraine.

Fund administrator, SS&C Globe Op, one hedge fund which has accounts linked with Abramovich said that it has been blocked from running its day to day transactions. Other funds associated with Abramovich have also received similar messages.

Canada also took similar measures after it imposed sanctions on five senior Russians including Abramovich and blocked 32 Russian companies from and government entities from receiving defense equipment or supplies from Canada.

Leave a comment