Russia: Secret $40 million deal links Abramovich to Putin’s “wallets”

Source: BBC News [UK state media]

“Leaked documents reveal a money trail linking oligarch Roman Abramovich to two men dubbed ‘wallets’ of President Vladimir Putin. The former Chelsea Football Club owner has been sanctioned by the UK and EU but has previously denied any financial relationship with the Russian leader. Now, leaked documents from Cyprus reveal new evidence linking him to a secret $40m (£26m) deal in 2010. Mr Abramovich has not responded to requests for comment from the BBC. The secret deal transferred shares in a highly profitable Russian advertising company, Video International — for less than they appeared to be worth — from companies ultimately owned by a trust connected with Mr Abramovich, to two members of Putin’s inner circle. They in turn received millions of dollars in dividends.” (11/14/23)