The businessman has been trying to sell his shares in several American investment funds since the end of February this year.

The deposits of Russian businessman Roman Abramovich in American hedge funds were blocked after the British government imposed sanctions against him. This statement was made by The Wall Street Journal newspaper, citing sources.

The publication claims that the businessman has been trying to sell his shares in several American investment funds on the secondary market since the end of February this year. However, after Abramovich was included in the UK government’s sanctions list, they were instructed to freeze the deposits of the Russian entrepreneur.

The newspaper cites the text of a notice that one of the firms allegedly financed by Abramovich received from the SS&C Globe Op company, which administers investment funds. It states that “at the moment the accounts associated with Roman Abramovich are blocked,” their use in transactions is prohibited. Sources of The Wall Street Journal claim that a number of other hedge funds received a similar notification.

The United Kingdom on Thursday expanded the sanctions imposed against Russia, blacklisting seven more Russians, including the owner of the London football club Chelsea Abramovich. Persons who have fallen under restrictions are prohibited from entering the territory of the United Kingdom; their assets in the country are subject to freezing. They are also prohibited from making transactions with British individuals and legal entities, which could significantly complicate the sale of Chelsea football club for Abramovich.