June 23, 2023

Frozen Fortunes


Frozen Fortunes
Roman Abramovich. John Dobson, Wikimedia Commons.

Roman Abramovich, a Russian-born oligarch and politician, wants to donate £2.3bn (approximately $3bn) to war-affected Russian citizens. 

In March 2022, Roman Abramovich revealed plans to sell his British football club, Chelsea, and relinquish control to the board of trustees. Shortly before his decision, the European Union introduced its fourth round of sanctions, which encompassed Abramovich. Subsequently, Canada, Great Britain, and other nations imposed similar restrictions on the oligarch.

Abramovich eventually sold the football club one year ago for £2.3bn. During the sale, Abramovich's spokesperson stated he “wanted the proceeds to be transferred to a charitable foundation for the needs of the victims on both sides of the conflict between Russia and Ukraine.” However, due to existing sanctions against Russia for its aggression toward Ukraine, both the British government and the European Commission oppose this proposal.

The £2.3bn remains in a frozen UK bank account owned by Fordstam, a company under Abramovich's control, pending approval from the Foreign Office for its transfer. Strict regulations dictate that the funds can only be allocated to Ukrainian humanitarian purposes. Confirmed by sources within the UK Foreign Office, Secretary of State James Cleverly expressed uncertainty regarding the clearance of funds before the government's summer recess next month. Ministers are scheduled to resume in September.

“We want to make sure that the money that is released goes exclusively to the recipients it is aimed at. I need full reassurance that is the case," Cleverly said.
 

You Might Also Like

Patching the Holes
  • July 15, 2022

Patching the Holes

Russian lawmakers have been vigorously adding new laws in response to political and cultural developments and public protests, rather than due to pressure from the public or practical necessity.
Keep Your Taxes to Yourself
  • January 29, 2023

Keep Your Taxes to Yourself

The Russian parliament passed a bill that allows legislators to not disclose their tax returns to the public.  
Like this post? Get a weekly email digest + member-only deals

Some of Our Books

Turgenev Bilingual

Turgenev Bilingual

A sampling of Ivan Turgenev's masterful short stories, plays, novellas and novels. Bilingual, with English and accented Russian texts running side by side on adjoining pages.
The Latchkey Murders

The Latchkey Murders

Senior Lieutenant Pavel Matyushkin is back on the case in this prequel to the popular mystery Murder at the Dacha, in which a serial killer is on the loose in Khrushchev’s Moscow...
A Taste of Chekhov

A Taste of Chekhov

This compact volume is an introduction to the works of Chekhov the master storyteller, via nine stories spanning the last twenty years of his life.
The Little Golden Calf

The Little Golden Calf

Our edition of The Little Golden Calf, one of the greatest Russian satires ever, is the first new translation of this classic novel in nearly fifty years. It is also the first unabridged, uncensored English translation ever, and is 100% true to the original 1931 serial publication in the Russian journal 30 Dnei. Anne O. Fisher’s translation is copiously annotated, and includes an introduction by Alexandra Ilf, the daughter of one of the book’s two co-authors.
Driving Down Russia's Spine

Driving Down Russia's Spine

The story of the epic Spine of Russia trip, intertwining fascinating subject profiles with digressions into historical and cultural themes relevant to understanding modern Russia. 
Marooned in Moscow

Marooned in Moscow

This gripping autobiography plays out against the backdrop of Russia's bloody Civil War, and was one of the first Western eyewitness accounts of life in post-revolutionary Russia. Marooned in Moscow provides a fascinating account of one woman's entry into war-torn Russia in early 1920, first-person impressions of many in the top Soviet leadership, and accounts of the author's increasingly dangerous work as a journalist and spy, to say nothing of her work on behalf of prisoners, her two arrests, and her eventual ten-month-long imprisonment, including in the infamous Lubyanka prison. It is a veritable encyclopedia of life in Russia in the early 1920s.
Steppe / Степь (bilingual)

Steppe / Степь (bilingual)

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.
The Frogs Who Begged for a Tsar (bilingual)

The Frogs Who Begged for a Tsar (bilingual)

The fables of Ivan Krylov are rich fonts of Russian cultural wisdom and experience – reading and understanding them is vital to grasping the Russian worldview. This new edition of 62 of Krylov’s tales presents them side-by-side in English and Russian. The wonderfully lyrical translations by Lydia Razran Stone are accompanied by original, whimsical color illustrations by Katya Korobkina.
Survival Russian

Survival Russian

Survival Russian is an intensely practical guide to conversational, colloquial and culture-rich Russian. It uses humor, current events and thematically-driven essays to deepen readers’ understanding of Russian language and culture. This enlarged Second Edition of Survival Russian includes over 90 essays and illuminates over 2000 invaluable Russian phrases and words.
Woe From Wit (bilingual)

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.
Fish: A History of One Migration

Fish: A History of One Migration

This mesmerizing novel from one of Russia’s most important modern authors traces the life journey of a selfless Russian everywoman. In the wake of the Soviet breakup, inexorable forces drag Vera across the breadth of the Russian empire. Facing a relentless onslaught of human and social trials, she swims against the current of life, countering adversity and pain with compassion and hope, in many ways personifying Mother Russia’s torment and resilience amid the Soviet disintegration.
Maria's War: A Soldier's Autobiography

Maria's War: A Soldier's Autobiography

This astonishingly gripping autobiography by the founder of the Russian Women’s Death Battallion in World War I is an eye-opening documentary of life before, during and after the Bolshevik Revolution.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955