Author: Azizur Rahman 16 March 2022
With sanctions on Chelsea Football Club owner Roman Abramovich restricting his financial options, the BBC asked Rahman Ravelli for their analysis.
Rahman Ravelli explained how the Russian billionaire is affected by the sanctions, which are part of the UK government’s efforts to target those with links to Vladimir Putin’s regime following Russia’s invasion of Ukraine.
Sanctioned individuals are able to apply for licences that enable their bank to release specific payments to cover what are classed as basic needs.
But Rahman Ravelli told the BBC that such licence applications can take several weeks, if not longer. They pointed out that while the government has indicated that it would be willing to fast track licence applications regarding Chelsea FC, this does not appear to be likely for Mr Abramovich’s other assets.
Rahman Ravelli added that Mr Abramovich "would likely need to engage a lawyer located in a jurisdiction where he is not yet sanctioned".
Rahman Ravelli's comments are featured on the BBC News website.
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.