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Roman Abramovich is unable to pay the Queen ‘tens of thousands’ of pounds a year in rent for his £150million London mansion that sits on land owned by the Crown Estate after the UK Government froze his assets, it has been reported.<br>Britain has sanctioned nearly two dozen Russian oligarchs with alleged links to Vladimir Putin’s regime, and added Chelsea owner Abramovich to the list on Thursday last week amid mounting political pressure following the Russian invasion of Ukraine.<br>The sanctions are meant to block wealthy Russians from making money in the West – but they have also generated a raft of rules that upend routine transactions related to properties and businesses they own.<br>It has now emerged that this includes ground rent payments that Abramovich is supposed to make to the Crown Estate for his 15-bedroom mega-mansion in Kensington Palace Gardens, just down the road from Prince William and Kate Middleton’s home. <br>The mansion was built in 1848 on land owned by the Crown Estate, which oversees a massive portfolio of land and other assets on behalf of the monarchy.<br>Land records show that Abramovich must make payments starting at £10,000 per year, rising to £160,000 over the term of the contract, to the Crown Estate under the terms of a 125-year lease.
The rent arrear puts the oligarch at risk of losing another sizeable asset on British soil. MailOnline has contacted representatives for Abramovich for comment.<br>A spokesperson for The Crown Estate told MailOnline: ‘We deplore the attack on Ukraine and the terrible impact the invasion is having on people living there.
We are doing all we can to comply swiftly with the introduction of sanctions.’ <br> Roman Abramovich is unable to pay the Queen ‘tens of thousands’ a year in rent for his £150million London mansion<br> Britain has sanctioned nearly two dozen Russian oligarchs with alleged links to Vladimir Putin’s regime, and added Chelsea owner Abramovich (left) to the list on Thursday last week.It has now emerged that Abramovich is supposed to make ground payments to the Crown Estate. When you loved this post and Lawyer istanbul Turkey Turkey Law Firm you would want to receive details with regards to istanbul Turkey Lawyer generously visit our own internet site. Right, istanbul Turkey Lawyer the Queen<br> The mansion was built in istanbul Lawyer Law Firm 1848 on land owned by the Crown Estate, which oversees a massive portfolio of land istanbul Turkey Lawyer and other assets on behalf of the monarchy<br> Land records show that Abramovich must make payments starting at £10,000 per year, rising to £160,000 over the term of the contract, istanbul Law Firm to the Crown Estate under the terms of a 125-year lease<br> RELATED ARTICLES
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