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Jan 31, 2021
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Navalny decided to “spin” Abramovich on the “grandmother” in favor of London

In the photo: Roman Abramovich

In the photo: Roman Abramovich (Photo: ZUMAPRESS.com/ Global look Press)

British Times counted property Romana Abramovich and found out that the Russian entrepreneur owns assets worth more than 200 million pounds. This happened after the question of British deputies about sanctions against Russia.

The newspaper reports that Abramovich, in particular, owns an apartment in the Cheyne Terrace residential complex in the prestigious Chelsea district of London and the Indian restaurant Dip In Brilliant.

According to the newspaper, the aforementioned apartment, which has a gym, spa and wine cellar, was acquired by Abramovich in 2017 for 8.75 million pounds. It is adjacent to three other Thames-view properties that the entrepreneur had previously purchased for £ 25 million but later sold.

In addition, the Times reports that in 2018 Abramovich bought a three-story penthouse in the Chelsea Waterfront complex, worth £ 22 million. Abramovich’s “pearl in the British empire,” the newspaper reports, is his 15-room mansion in Kensington Palace Gardens, which is estimated to cost £ 125 million.

As the Minister for European Affairs Wendy Morton said, she said that the UK is closely following the development of the situation in Russia around the arrest Alexey Navalny and the detention of his supporters and does not exclude new sanctions, although it is too early to talk about specifics.

Answering the question of parliamentarians whether sanctions will be introduced against the persons mentioned in the list from supporters of Alexei Navalny, she asked not to rush events and not engage in speculation. Britain will freeze Russian state assets if it gets evidence that they could be used to harm British citizens, she said.

Previously, sanctions against two Russian billionaires Roman Abramovich and Alisher Usmanov because of the situation with Navalny, the deputies of the UK House of Commons called on to enter.

But will the British authorities take real steps against the people who bring money to their country? Or while they scare?

– To be honest, I doubt that sanctions will be imposed against Russian billionaires who conduct their business through financial and trading corporations registered in the UK, – notes Dmitry Galkin, political columnist for the 2000 newspaper

– Of course, relations between the UK and Russia will remain tense for the foreseeable future, and there is currently no prospect of improvement. However, if the UK begins to impose personal sanctions against entrepreneurs from those countries with which it has foreign policy conflicts, then London, which is today one of the main financial and trade centers in the world, could quickly lose its current position.

Such a step may turn out to be especially dangerous from the point of view of British foreign economic interests in view of the very likely confrontation between the PRC and Great Britain over Hong Kong.

If personal sanctions are introduced against Russian billionaires, then large Chinese entrepreneurs and financiers who have invested in the Chinese economy can withdraw their assets from the UK to avoid possible trouble. However, one should not completely rule out the possibility of imposing sanctions against Russian billionaires.

As we can see, this issue is being raised by representatives of opposition parties. If the opposition actively uses topics related to the imposition of sanctions against Russian entrepreneurs, the government can fulfill this requirement so as not to create the impression that it somehow patronizes the representatives of the Russian oligarchy.

“SP”: – Why Abramovich and Usmanov? Why have no sanctions been imposed before? Why were they mentioned in the list of sanctions by Navalny’s supporters?

—Although Abramovich’s headquarters, Millhouse Capital, has long been located in London, the company continues to own significant assets in Russia. In particular, according to official data, she owns real estate in Moscow and the Moscow region, the total value of which is one billion dollars. There is no doubt that Abramovich and Usmanov remain extremely influential people, whose position is at least taken into account by the ruling circles of Russia.

If there are rumors that Abramovich is managing assets belonging to Tatiana Dyachenko and Valentin Yumashevare correct, the imposition of personal sanctions against him would harm the president’s family Yeltsin… Therefore, Navalny’s supporters could have proposed this step, hoping that it would force the family of the former Russian president to demand that the current government change its political course. About Usmanov they say that he manages finances belonging to representatives of his inner circle Vladimir Putin… So in this case, the introduction of personal sanctions against Usmanov can be viewed as a means of influencing the position of the Russian authorities.

“SP”: – Wendy Morton asked not to rush things and not engage in speculation. She noted that Britain would freeze Russian state assets if it received information that they could be used to harm British citizens. So it’s not about Navalny anymore? And what is real?

– Morton holds a ministerial post in the current British government (she is responsible for relations with the parties to Europe and America), and therefore is guided by considerations related to the financial and foreign economic interests of Great Britain. In fact, her response to the demands of opposition deputies means that the government is not considering the possibility of imposing personal sanctions against Russian entrepreneurs.

“SP”: – What are these assets that Morton is talking about?

– I think that these are funds of financial and holding companies, which, like Millhouse Capital, belong to immigrants from Russia who continue to maintain close ties with the Russian authorities. But, perhaps, we are talking about financial companies, which accumulate funds of Russian corporations.

“SP”: What kind of response can we take? Let’s stop selling gas, by the way, they buy a lot of it from us. Shall we block their state assets with us? Do they exist? There are assets of private companies, but they are unlikely to go for it …

– London is the largest financial and trading center in the world, so modern Russia, whose economy depends on the export of raw materials, cannot inflict any noticeable economic damage on the UK without restricting the activities of its own corporations and not prohibiting them from investing part of the proceeds from exports in foreign assets.

But the introduction of such restrictions and prohibitions will require a radical change in the current economic course and decisive actions aimed at changing the existing economic structure. As we have seen more than once, the current Russian leadership is incapable of taking such measures.

“SP”: And how will Abramovich and others behave if their assets are frozen? Will the British achieve their goals?

– I think that in the same way as Deripaska, Vekselberg and Timchenko behaved: they will sell part of their share in those companies that are associated with production and export in order to free them from sanctions. Deripaska, as you know, also had to transfer the controlling stake of corporations belonging to him under the control of the US Treasury Department. True, the sanctions that the UK government may impose will be aimed primarily at achieving political goals. Perhaps they will help accelerate political change, but they certainly will not become any significant factor in this process.

According to political scientist Andrei Milyuk, in the West for a couple of years now they have been running around with the idea of ​​”pinching” the Russian oligarchs under the pretext of fighting for democracy in our country.

– So far, they have not decided on any serious actions in this direction. Why they do not dare is understandable.

Having earned or stolen his first million dollars, the Russian businessman and official seeks to withdraw him and all subsequent millions abroad – to build himself a “reserve airfield” in case of claims from law enforcement agencies. It always turns out to be some kind of vulgar kitsch in the style of “expensive-bohato”: castles in gold, yachts the size of a small aircraft carrier etc.

The West is quite happy with this: first, the raw materials are pumped out of the country, and then the money received for it is withdrawn. Intervene in this process, and money will settle in the Russian economy or be invested in the same luxury, but already, say, in China. And who needs it? Russia must remain a gas station country with some problems with freedom of speech, so that there is always a reason to scold the Kremlin.

At the same time, world capitalism is now not in the best position. The coronavirus and the economic crisis can “shoot” at any moment, and many, many national economies will crumble from an insignificant reason. Everyone wants to have some kind of airbag.

Of course, from a purely human point of view, many of our fellow citizens would be pleased to see how an odious oligarch is left “without pants” or – even better – escorted in handcuffs to a prison, even a British one. But I think the issue with Abramovich and other Russian oligarchs who have assets abroad will be resolved amicably. They will be offered to pay some compensation according to their places of stay, and the struggle for the freedom of Alexei Navalny will be over in the West. If in the coming months we hear that Abramovich has decided to suddenly invest in British companies or build a new hospital for coronavirus victims in the suburbs of London, know that Roman Arkadyevich is doing well.

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