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BREAKING
Al Mayadeen's correspondent in South Lebanon: An Israeli airstrike targeted the town of Arabsalim
Putin on new sanctions against Russia: Russia's energy sector remains confident, though some losses are expected
Putin calls talk of supplying Tomahawk missiles to Kyiv an attempt at escalation
Putin says he discussed with Trump the impact of the situation with Russian oil supplies on global prices, including in the United States
Dialogue is always better than confrontation, disputes, or continued war: Putin
The global energy balance has been established, and disrupting it is not in the interests of the countries attempting to do so: Putin
Russia's contribution to the global energy balance is very significant: Putin
No self-respecting country does anything under pressure: Putin
New US sanctions are an attempt to pressure Russia: Putin
Israeli media: The West Bank 'annexation' law has been suspended under Netanyahu's directives until further notice

Roman Abramovich disqualified as Chelsea FC director

  • By Al Mayadeen net
  • Source: Agencies + Al Mayadeen Net
  • 12 Mar 2022 16:22
2 Min Read

Seven billionaires have been sanctioned by the United Kingdom in response to Russia's military operation in Ukraine.

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  • Roman Abramovich disqualified as Chelsea FC director
    Roman Abramovich (IMAGO)

The Premier League board of directors has removed Russian billionaire Roman Abramovich from his position as director of Chelsea.

The league released a statement saying that the board's decision "does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a license issued by the Government which expires on 31 May 2022."

The board also stated that its decision will have no impact on the sale of Chelsea FC, which is likely to take place under government approval.

Last week, Roman Abramovich declared his intention to sell the club, stating that the decision is "is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners".

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EU weighs risky plan to fund Ukraine using frozen Russian assets: NYT

The Russian entrepreneur stated that he would donate all revenues to victims of Ukraine's crisis. This involves giving crucial cash for victims' immediate and urgent needs, as well as helping long-term healing efforts.

According to UK media, Abramovich was selling the club as well as other properties in the country to avoid penalties related to Russia's military operation in Ukraine.

The Western world has unleashed a campaign of sanctions against Moscow, with restrictions encompassing everything from media outlets, cats, banks, to even a Canadian french fry dish. 

Germany’s Deutsche Bank Ltd., contrary to corporations following the trend of distancing themselves from Russia, has opted to continue its business in the country.

The bank’s CFO told CNBC that the decision stemmed from Deutsche Bank’s duty to care for its clients that still operate in the country. Meanwhile, Goldman Sachs said on Thursday that it would limit its business in Russia, and HSBC told its staff on Monday to stop dealing with Russian banks.

  • Russia
  • Chelsea
  • Sanctions on Russia
  • chelsea FC
  • United Kingdom
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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