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Roman Abramovich ‘one in all UK’s best taxpayers’ as legal professionals combat EU extensive sanctions

Roman Abramovich has paid £1.75 billion in tax in the United Kingdom during the last twenty years, his legal professionals declare.

Representatives of the previous proprietor of Chelsea soccer membership say he and his companies paid greater than £41 million in 2019-20 by myself in company tax, stamp accountability and employer’s nationwide insurance coverage contributions.

“This puts Abramovich a number of the best 25 tax members in that yr,” they argue.

The revelations seem in prison submissions to the EU during which the Russian oligarch, 55, claims sanctions in opposition to him are discriminatory, disproportionate and in response to false allegations about his closeness to President Putin. It’s concept equivalent submissions had been made to the United Kingdom executive.

Abramovich argues that he will pay extra tax in Britain and the EU than he does in Russia and that he must now not be thought to be a number one contributor to the Russian state or a supporter of Putin’s coverage in Ukraine.

The billionaire’s Belgian legal professionals say that he has invested £2 billion of personal budget in Britain, that his circle of relatives administrative center is in London and that he used to make use of virtually 1,000 other people at Chelsea FC and different companies.

Robert Watts, compiler of The Sunday Instances Tax Checklist, stated: “Those numbers would position him firmly at the checklist of the highest 50 taxpayers, however we’ve by no means had this type of transparency from him earlier than.”

Abramovich’s fortune has halved — from an estimated £12 billion to £6 billion — because the invasion of Ukraine, particularly on account of the autumn in worth of the steelmaker Evraz, during which he’s the most important shareholder.

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Brussels imposed sanctions at the oligarch in March, pronouncing he had “lengthy and shut ties to Vladimir Putin” and “privileged get right of entry to to the president”.

It stated his reference to Putin “helped him to handle his substantial wealth” and his companies benefited from Russian aggression and had been a large income for the Kremlin. However the oligarch’s legal professionals say the EU is depending on “false and unfounded declarations” in its description of his courting with Putin.

The papers upload: “Mr Abramovich does now not have a privileged courting with President Putin to be able to handle his wealth and does now not have the benefit of Russian decision-makers chargeable for the annexation of Crimea or the destabilisation of Ukraine.

“To the contrary, Mr Abramovich bought his wealth previous to Vladimir Putin turning into president and has denied and contested false allegations on the subject of having monetary hyperlinks to the Russian executive earlier than courts.”

Abramovich says he hasn’t ever expressed fortify for Putin’s coverage against Ukraine.

His submission is accompanied by means of a letter from the chief of the Ukrainian peace talks delegation praising the oligarch’s “sure function”.

David Arakhamia stated that with Abramovich’s help agreements had been reached that helped to ascertain “humanitarian corridors by which greater than 400,000 civilians had been evacuated”.

The Ukrainian MP added: “His efforts have additionally resulted in different exchanges of prisoners of warfare by which a number of loads had been launched … Abramovich continues to actively take part within the negotiation procedure in addition to supporting humanitarian efforts.”

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The billionaire’s legal professionals argue that sanctions have limited his skill to participate within the peace negotiations and humanitarian paintings as a result of prison companies and experts had been unsure about enticing with him and he has been not able to shuttle as freely.

Sanctions additionally affected the worth of Chelsea at a time when Abramovich had pledged to donate the proceeds of the membership’s sale to humanitarian reasons. His possession of the membership has, the submission states, been characterized by means of large funding now not handiest within the first staff however within the Chelsea ladies’s staff and the early life academy, together with the construction of world-class coaching amenities at Cobham in Surrey.

It provides: “Abramovich has additionally directed Chelsea to take the lead on … preventing antisemitism and racism.”