Roman Abramovich’s lawyer threatens legal action over hidden oligarch assets

A billionaire’s hidden wealth sparks a legal showdown. Can the EU crack down on oligarchs dodging sanctions through shadowy trusts?

, and Administrator

2025 November 9 . 5:15 PM

1 min read

In this image there are few ships in the water, few houses, trees, poles, cables and the sky.

Roman Abramovich’s lawyer threatens legal action over hidden oligarch assets

The Left Party has received a legal letter from Roman Abramovich's lawyer, challenging their reporting on the billionaire's assets. The party believes Abramovich is concealing wealth to avoid EU sanctions, raising questions about the EU's strategy in targeting oligarchs and their families.

The Left Party has been investigating Abramovich's assets, including the 162.5-meter yacht Eclipse. Dozens of reputable sources attribute the yacht to Abramovich, who made his fortune in Russian oil. However, Abramovich's lawyer denies ownership, claiming it belongs to a trust from which Abramovich occasionally rents it.

The Eclipse has not been seen in EU waters since Abramovich was sanctioned in 2022. It is currently in Turkey for refitting. The party believes Abramovich is concealing and denying ownership of assets he fears losing due to sanctions.

The party's article raises questions about the EU's strategy in determining which oligarchs to sanction and potentially strip of wealth to help rebuild Ukraine. It also asks whether the EU should consider the families of these oligarchs.

The Left Party stands by its reporting on Abramovich's assets. Abramovich's lawyer has demanded a declaration to stop publishing certain information about the oligarch and his wealth, threatening a five-figure fine. The party continues to investigate and report on the matter, highlighting the importance of transparency and accountability in the face of legal pressure.