Portugal has frozen Roman Abramovich's $10 million property he tried to sell before the invasion, report says

The property of Roman Abramovich was frozen by Portuguese authorities after he tried to sell it.

Publico reported the story.

The 533-foot Eclipse worth $700 million and the

The European Union, United Kingdom, Canada, Australia, and Switzerland have all imposed sanctions on him.

There is a $10 million property in the Algarve region of southern Portugal.

Portugal has taken time to determine the owner of the property because governments have faced challenges in determining what Russian assets are owned by.

The Public report states that a shell company set up on behalf of the Russian tycoon is owned by an investment holding company.

According to the report, the company tried to sell the property about two weeks before Putin ordered the invasion of Ukraine. The property was frozen by the Portuguese Ministry of Foreign Affairs.

A Jersey court froze $7 billion of his assets. According to Forbes, he is still worth almost $9 billion, despite retaining stakes in two Russian companies.

Todd Boehly, an American businessman, investor, and philanthropist, recently agreed to sell the football club to the former owner, who claims all the net proceeds will go to Ukraine.