Russian oligarch Roman Abramovich has $7 billion in assets frozen in Jersey in latest Ukraine fallout

Chelsea owner Roman Abramovich looks on after their 3-1 win in the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England.

The island country of Jerse y froze assets valued at more than $7 billion that are suspected to be connected to Roman Abramovich, the latest financial blow to the Russian tycoon as a result of the Ukraine war.

The Law Officer's Department in that country said that the States of Jersey Police executed search warrants at locations in Jersey suspected to be connected to the business activities of Abramovich.

Queen Elizabeth II of Great Britain is the head of state on Jersey, part of the Channel Islands located off the coast of Normandy, France. The island is protected by the United Kingdom.

The UK imposed financial sanctions on Russian billionaire Roman Abramovich for his close relationship with Russian President Vladimir Putin.

On the heels of the unprovoked war, Abramovich announced that he would sell the renowned London soccer club.

On the same day that Russia invaded Ukraine, the owner of a superyacht shifted his ownership to a company in Jersey controlled by an associate of David Davidovich, according to a report by the Guardian.

It was not clear if the 50-meter-long Aquamarine is one of the assets frozen by Jersey authorities.

The Royal Court imposed a formal freezing order on April 12th over assets believed to be worth in excess of US$7 billion, which are either located in Jersey or owned by Jersey.

The Financial Times reported that a number of his investments have been moved from the British Virgin Islands to Jersey. The newspaper noted that there were a number of helicopter and superyachts.

After the poisoning of the former Russian military officer Sergei Skripal and his daughter in the English, the renewal of his UK visa was delayed and that did not allow him to move to Jersey in 2018, as reported by the Jersey edition of the Bailiwick Express.

The assets of five Russian banks and three billionaires were ordered to be frozen by Jersey and the U.K. for protection after Putin ordered Russian troops into eastern Ukraine.

The island would take further measures that were in line with the actions of the UK, according to the minister.

Officers continue to work closely with UK counterparts, and we are ready to take further measures to ensure Jersey's response is in line with the international community.