The oligarch and ally of Russian President Vladimir Putin has been thrust into the spotlight over the past few weeks following the British government’s March 10 announcement of sanctions against him over his close ties to the Kremlin.
spotted at talks Abramovich’s British assets were frozen, which led the Premier League board tothat Abramovich and others had suffered symptoms of suspected poisoning after attending peace talks between Ukraine and Russia in Kyiv on March 3. It is not clear who may have conducted the alleged attack. The Journal reported that “people familiar with the matter blamed the suspected attack on hard-liners in Moscow who they said wanted to sabotage talks to end the war.
But who is this businessman and why is he suddenly at the center of diplomacy between warring nations? Here’s a rundown of his story. Roman Abramovich at the peace talks between delegations from Russia and Ukraine in Istanbul on Tuesday. after selling his majority stake in a Russian oil firm to the government, from which he had bought it a decade earlier at a much lower price. After losing both parents by the age of 3, Abramovich was raised by relatives in the northern Russian region of Komi. He left school at 16 and served in the Red Army before selling toys in Russia’s capital, Moscow.
In his late 20s, Abramovich came into good fortune following the fall of the Soviet Union. According to, he seized the oil company Sibneft from the Russian government in a rigged auction in 1995. He won the bid for around $250 million and sold it back to the state-owned fossil fuel company Gazprom for $13 billion. Abramovich’s lawyers stated that there was no basis for alleging he amassed his wealth through criminality.
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