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Roman Abramovich gave his children millions before the sanctions

Russian oligarch Roman Abramovich secretly transferred hundreds of millions of dollars worth of assets – including superyachts and one of the world’s largest private jets – to his children just days before he was placed under international sanctions, an FBI analyst has found.

Court documents filed last week in a US government attempt to seize the billionaire’s expensive private planes revealed the devious ways he used to protect his vast fortune, the Sunday Times of London revealed.

In an affidavit filed with the Southern District of New York on Monday, FBI Special Agent Alan Fowler wrote that Abramovich, a longtime ally of Vladimir Putin, used a series of shell companies to purchase the two planes — a custom Gulfstream G650ERa valued at approximately $60 million and a $350 million customized Boeing 787-8 Dreamliner, one of the most expensive private jets in the world.

In February 2022 — just days before Putin’s February 24 invasion of Ukraine triggered punitive sanctions against the Russian president’s oligarch cronies — Abramovich made some or all of his seven children beneficiaries of the Cyprus-based Europa Settlement Trust, the document said.

The Europa Trust controls the shell companies, which on paper own Abramovich’s jets, several yachts, a helicopter and other assets, Fowler found.

Roman Abramovich speaks with Russian President Vladimir Putin during a business meeting in Sochi, Russia, July 19, 2016.
Roman Abramovich speaks with Russian President Vladimir Putin during a business meeting in Sochi, Russia, July 19, 2016.
Mikhail Svetlov/Getty Images
Chelsea football club owner Roman Abramovich attends the UEFA Women's Champions League final match against FC Barcelona in Gothenburg, Sweden, on May 16, 2021.
Abramovich had owned Chelsea Football Club in London before being sanctioned by the British government.
AP Photo/Martin Meissner, file
Roman Abramovich's Gulfstream plane was worth about $60 million.
Roman Abramovich’s Gulfstream plane was worth about $60 million.
US Attorney for the Southern Dis/AFP via Getty Images
A Boeing aircraft with tail number P4-BDL and manufacturer number 37306, owned by Russian oligarch Roman Abramovich.
Abramovich’s Boeing 787-8 Dreamliner is reportedly valued at a whopping $350 million.
US Attorney for the Southern Dis/AFP via Getty Images
Roman Abramovich with his daughter Sofia Abramovich.
Roman Abramovich with his daughter Sofia Abramovich.
Mike Egerton/PA Images via Getty Images

Abramovich, who made his fortune in Russian energy companies in the early years of Putin’s “KGB capitalism” and rose to fame as the flashy owner of London’s Chelsea Football Club, has four daughters and three sons aged between 8 and 30 – all of whom have dual citizenship own in Russia and either the UK or the US.

https://nypost.com/2022/06/11/roman-abramovich-gave-millions-to-his-kids-before-sanctions/ Roman Abramovich gave his children millions before the sanctions

JACLYN DIAZ

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