Safe haven to sanctions: how Jersey sheltered Roman Abramovich’s billions
Court papers show the island cautiously welcomed the oligarch – with London’s approval – before Russia’s invasion of UkraineFor decades the Channel Islands tax haven of Jersey has played a big role in moving fortunes made in some of the world’s most despotic countries into the west,...
<p>Court papers show the island cautiously<strong> </strong>welcomed the oligarch – with London’s approval – before Russia’s invasion of Ukraine</p><p>For decades the Channel Islands tax haven of Jersey has played a big role in moving fortunes made in some of the world’s most despotic countries into the west, attracting overseas oligarchs with a mix of low tax and high levels of financial secrecy.</p><p>It is a secrecy that extends to Jersey’s relationship with the UK government. As a crown dependency, Jersey has its own parliament, but belongs to the king. The relationship between the two jurisdictions remains something of a black box, with very little public information on how the big decisions are made, or to what extent Westminster is consulted.</p> <a href="https://www.theguardian.com/world/2025/nov/23/jersey-london-safe-haven-sanctions-roman-abramovich-billions">Continue reading...</a>
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