Chelsea owner Roman Abramovich, right, and director Eugene Tenenbaum celebrate a goal in 2012. Reuters
Chelsea owner Roman Abramovich, right, and director Eugene Tenenbaum celebrate a goal in 2012. Reuters
Chelsea owner Roman Abramovich, right, and director Eugene Tenenbaum celebrate a goal in 2012. Reuters
Chelsea owner Roman Abramovich, right, and director Eugene Tenenbaum celebrate a goal in 2012. Reuters

Two Roman Abramovich associates hit with largest assets freeze in UK history


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The UK government on Thursday announced it had imposed sanctions on two more Russian oligarchs and long-standing business associates of Chelsea owner Roman Abramovich.

Assets worth up to £10 billion ($13bn) belonging to Eugene Tenenbaum and David Davidovich have been frozen. In addition, a travel ban has been placed on Mr Davidovich.

The freeze is the largest in UK history and brings the total number of oligarchs, family members and associates financially penalised by the UK government to 106 since February, when Russia invaded Ukraine.

Eugene Tenenbaum has described himself as one of Mr Abramovich’s closest business associates. Corporate filings show that he took control of Evrington Investments Limited, an Abramovich-linked investment company, on February 24, immediately after Russia’s invasion of Ukraine.

He is also a director at Chelsea Football Club.

David Davidovich has been described by Forbes as “Abramovich’s much lower profile right-hand man”, and took over Evrington Investments from Tenenbaum in March 2022.

The sanctions were co-ordinated with action taken by the Jersey authorities earlier this week to impose a formal freezing order on assets suspected to be connected to Mr Abramovich himself, valued in excess of £5bn.

“We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to the Kremlin,” said UK Foreign Secretary Liz Truss.

“We will keep going with sanctions until Putin fails in Ukraine. Nothing and no one is off the table.”

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE currency: the story behind the money in your pockets
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Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)

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About 57.5 million people
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Engine: 2.0-litre four-cylinder turbo

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Updated: April 14, 2022, 5:23 PM