Safe haven to sanctions: how Jersey sheltered Roman Abramovich’s billions
NegativeWorld Affairs

- Jersey has been identified as a tax haven that facilitated the movement of wealth from oligarchs like Roman Abramovich into the West, with the UK government's tacit approval prior to Russia's invasion of Ukraine. Court documents reveal that the island's financial secrecy has played a significant role in attracting these individuals over decades.
- This situation raises concerns about the implications of financial secrecy and the role of jurisdictions like Jersey in global wealth management, particularly regarding the accountability of the UK government in overseeing such practices and their potential impact on international sanctions.
— via World Pulse Now AI Editorial System



