The Wall Street Journal reported that one of Roman Abramovich's business associates took control of the investment company on the day Russia invaded Ukraine.
David Davidovich, who has frequently invested in companies with Abramovich, was the new owner of the company. Forbes once described Davidovich asAbramovich's much lower-profile right-hand man.
Multiple sources have linked a man to a woman. According to a 2020 filing by London-listed AFC Energy, the billionaire is one of its shareholders.
Corporate disclosures dating back several years show that Abramovich is in control of the company.
A person close to Davidovich told the newspaper that he had taken control of the business, but that the previous owner was not identified.
The request for comment was sent via Millhouse, an investment firm he founded.
The UK, EU, and US are trying to seize the assets of people with ties to the Kremlin. The UK and the European Union imposed sanctions on Russian businessman Roman Abramovich after Russia invaded Ukraine.
After the invasion, Roman Abramovich put his London mansion and soccer club up for sale.
The richest person in Russia isAbramovich, with a net worth of $13.7 billion. He is the largest shareholder of the steelmaker. The sale of Russian state-owned assets after the fall of the Soviet Union made up a large part of his fortune.
Forbes estimated Davidovich's wealth to be $1.6 billion in 2011.
Intricate webs of offshore and onshore companies are often used by billionaires to hide their wealth, complicating attempts to seize their assets.
The British Virgin Islands is a British overseas territory that is often used by wealthy individuals to create offshore companies.
Tracking data shows that since the invasion began, Abramovich has moved his private jets around the world.
His private jet flew from Israel to Istanbul. It landed in Moscow early on Tuesday.
The two super-yachts started moving eastwards last week after the UK imposed sanctions on him. It was not clear where they were going.
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