A court in Jersey froze $ 7 billion (5.4 billion British pounds) in assets related to Russian billionaire Roman Abramovich.
The assets being targeted are either located on the island or are owned by legal entities based in Jersey, the Jersey law firm said.
Police searched addresses suspected of being related to Mr Abramovich’s business activities on Tuesday.
Jersey Island is a well-known tax haven.
Mr Abramovich was among a number of Russian oligarchs sanctioned by the United Kingdom and the EU in response to Russia’s invasion of Ukraine.
An ally of Russian President Vladimir Putin, he has taken an informal role in the Ukraine-Russia peace talks.
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Roman Abramovich at the peace talks in Ukraine
He is best known as the owner of the Chelsea Premier League club. The club is now up for sale after the British government blacklisted his finances, which were used to fund the team’s triumphs on the pitch.
The 55-year-old’s superyachts have also docked in southwestern Turkey, where they will not face sanctions.
Countries such as Antigua and Barbuda have agreed to help Britain seize yachts owned by the businessman.
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