A court in Jersey has frozen $7bn (£5.4bn) in assets linked to Russian billionaire Roman Abramovich.

The assets being targeted are either located in the island, or owned by Jersey-incorporated entities, the Law Offices Department of Jersey said.

Police searched addresses suspected of being connected to Mr Abramovich’s business activities on Tuesday.

The island of Jersey is a well-known tax haven.

Mr Abramovich was among a number of Russian oligarchs sanctioned by the UK and the EU in response to Russia’s invasion of Ukraine.

An ally of Russian President Vladimir Putin, he has assumed an unofficial role in peace talks between Ukraine and Russia.

Please use Chrome browser for a more accessible video player

He is best known as the owner of Premier League club Chelsea. The club is now up for sale after the British government blacklisted his finances, which were used to help fund the team’s triumphs on the pitch.

Chelsea FC sale: Terry’s True Blues consortium in ‘positive’ talks over purchase of stake

Roman Abramovich peace talks: Just how involved is the Chelsea owner in Ukraine-Russia negotiations?

Roman Abramovich and Ukrainian peace negotiators were reportedly victims of poisoning – but US casts doubt

Superyachts linked to the 55-year-old have also been docked in southwest Turkey, where they would not face sanctions.

Nations like Antigua and Barbuda have agreed to help Britain seize yachts owned by the businessman.

Related posts:

First guests from high-risk countries check into quarantine hotels Visa to hike fees for UK customers in post-Brexit move Northern Ireland post-Brexit trade arrangements have created ‘a perfect storm’ Naked Wines sinks to annual loss despite lockdown sales surge Ryanair to hire 2,000 pilots as it takes delivery of new fleet of aircraft Train and bus operators will no longer enforce mask wearing in England from 19 July One in five hospitality and retail workers self-isolating, MPs told Purplebricks to set aside millions to cover blunder affecting lettings business landlords All countries on red list to be removed as ‘less effective’ in slowing Omicron Why Lloyd’s could be saying farewell to the iconic HQ designed to bring people together Surging inflation could dwarf other issues in the political landscape as households feel the strain PlayStation maker Sony in shares slump after Microsoft’s Activision Blizzard swoop