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Roman Abramovich is unable to pay the Queen 'tens of thousands' a year in rent for £150m mansion

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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.

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.

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.

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. 

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.

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.

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.’  

Roman Abramovich is unable to pay the Queen ¿tens of thousands¿ a year in rent for his £150million London mansion

Roman Abramovich is unable to pay the Queen ‘tens of thousands’ a year in rent for his £150million London mansion

Roman Abramovich

The Queen

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. Right, the Queen

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

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

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

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

What exactly is the Crown Estate? Who owns it?

The Crown Estate is a collection of lands and holdings belonging to the British monarch as a corporation sole, making it ‘the sovereign’s public estate’.

Created by Parliament in 1760, the independent commercial business has a diverse portfolio of UK buildings, shoreline, seabed, forestry, agriculture and common land.

Among its assets include:

  • The Savoy;
  • Historic Castles;
  • Sandringham House;
  • Balmoral Castle;
  • Ascot Racecourse;
  • Regent Street and St James’ Market in London;
  • Around 263,000 acres of farmland; 
  • Fishing rights in Scotland;
  • Windsor Castle and Great Park;
  • Around 27,000 acres of forestry in areas in Berkshire, Somerset and Cairngorms.

It generates valuable revenue for the Government and over the last ten years has contributed £2.6billion to the Consolidated Fund.

However, the Crown Estate does not belong to the Government, and is not the private property of the Queen. The royal family is also not involved in its governance.

According to Forbes, Abramovich also owns a £22million West London penthouse, and more than £1.2billion of yachts, private jets, helicopters and supercars based in Britain and around the world.

Abramovich now cannot sell any of his UK assets including Chelsea without a special licence that can only be granted by ministers and the Office of Financial Sanctions Implementation (OFSI). Any cash he holds in the UK are now frozen in accounts if he has not been able to transfer funds abroad, while his shares on the London Stock Exchange cannot be sold and will pay no dividends.

But despite these serious allegations, the law doesn’t allow ministers to take away Chelsea, properties, yachts, planes, shares and cash. 

Currently the Government has powers to freeze UK assets like houses, but it cannot seize them and put them to a different use. 

The rules in place prevent oligarchs from renting out or selling property they own, hiring someone to clean it or even paying a power company to connect it to the electricity supply or pay a bill.

In London, over the past fortnight Abramovich’s staff are said to have been ready for viewings at his 15-bedroom mansion at Kensington Palace Gardens, and a three-storey penthouse at Chelsea Waterfront.

His two superyachts may already be out of reach. £430million Solaris was moored in Barcelona a week ago but is now off the Sicily coast, believed to be heading to Israel, where he holds citizenship. The £540million Eclipse is currently in open sea off the coast of the British Virgin Islands in the Caribbean.

The billionaire recently bought a £264million Boeing 787-8 Dreamliner jet. The 50-seater aircraft is the world’s most expensive private jet with a base cost of £188million and a rumoured £76million of additional equipment to the billionaire’s taste, Forbes reported, citing industry sources.

He also owns a fleet of supercars valued at more than £16million, believed to be in the UK. Among the high end vehicles are a Porsche 911 GT1 Evo, a Ferrari FXX, a Aston Martin Vulcan and a Maserati MC12 Corsa. 

The fleet also includes a Pagani Zonda R, of which only 15 have ever been produced and come with a price tag of £2.5million.

Abramovich has seven children from two of his ex-wives. The eldest, Anna, 29, is a Columbia University philosophy graduate who lives in New York, while Arkadiy, 27, is an industrial tycoon with substantial oil and gas investments.

Sofia, 26, who lives in London and the ‘wild child’ of the family, recently posted a message on Instagram attacking Putin for his invasion of Ukraine. Less is known about Arina, 20, and Ilya, 18, or Aaron, 11 and Leah Lou, 7, who were both born in New York to his third wife, Dasha.

On Saturday, the UK Government threw Chelsea FC a life line after agreeing it could be sold by Abramovich.

Tough restrictions were eased to allow the sale to go through after the 55-year-old oligarch reportedly agreed that he would not receive any proceeds from the £3billion deal. Abramovich was also said to have agreed to write off £1.5billion debt he is owed by Chelsea, which he bought in 2003.

Chelsea will also be allowed to spend up to £900,000 per home match at Stamford Bridge to cover costs such as paying stadium staff and catering

Chelsea will also be allowed to spend up to £900,000 per home match at Stamford Bridge to cover costs such as paying stadium staff and catering

Abramovich (pictured) was said to have agreed to write off £1.5 billion debt he is owed by Chelsea, which he bought in 2003.

Abramovich (pictured) was said to have agreed to write off £1.5 billion debt he is owed by Chelsea, which he bought in 2003.

Chelsea sources had warned the club was two weeks away from bankruptcy after Ministers hit Abramovich with sanctions due to his alleged close ties with Putin – allegations which he has denied.

There was alarm from fans that the sanctions imposed on Friday would mean Abramovich could not sell the club, leaving it paralysed. The club’s bank accounts were frozen by Barclays.

But following crisis talks, the Government eased the terms of a ‘special licence’ to allow Chelsea to carry on trading in a limited capacity.

A spokesman said: ‘We have said all along that we would engage with Chelsea to understand what is needed to allow upcoming games to be played to minimise the impact on the leagues, football pyramid and fans.’

Sources said the new terms will allow the club to use payments due from broadcasting companies and any prize money earned to meet its outgoings. That should see the £28million monthly wage bill covered for the rest of the season.

Chelsea will also be allowed to spend up to £900,000 per home match at Stamford Bridge to cover costs such as paying stadium staff and catering. Discussions were ongoing about whether Chelsea can sell match tickets in addition to the season tickets already sold.

However, the club will be limited to £20,000 to spend on travel to and from fixtures. It means the first-team squad may have to swap luxury hotels and first-class travel for budget options as it competes for European silverware in the Champions League.

Abramovich has appointed the New York Merchant Bank Raine Group to sell Chelsea for £3 billion.

More than 300 parties are said to have expressed an interest, including US billionaire Todd Boehly, British property magnate Nick Candy and Turkish tycoon Muhsin Bayrak, but problems were mounting for Abramovich.

Car maker Hyundai became the latest firm to ditch Chelsea, axing its £10million-a-year deal to sponsor the players’ shirt sleeves. It came after mobile phone firm Three suspended its shirt sponsorship, thought to be worth £40million a year.

WHAT ASSETS DOES ABRAMOVICH HAVE IN THE UK?

Chelsea FC: £3bn

The West London club is the jewel of Abramovich’s empire, so his decision to put it up for sale for a reported £3bn – as revealed today – must have been personally painful. 

Now that is impossible due to the sanctions. 

It is understood that the Russian was targeting American buyers as investment from China, the Far East and Eastern Europe has dried up for clear political reasons, although there are major doubts that any potential buyer will meet his ambitious valuation. 

American bank Raine Group is overseeing the sale, with prospective buyers given until just Friday to file ‘indicative bids’, the NY Times reported – suggesting Abramovich is keen to seal a quick deal. 

Raine Group first acted for Chelsea in 2018 after talks with US private equity firm Silverlake and British billionaire Jim Ratcliffe broke up without reaching an agreement. 

The Russian tycoon regularly took his family along to watch Chelsea matches, and is pictured here with his third wife, Dasha Zhukova

The club has effectively been for sale ever since due to Abramovich’s conflict with the UK government after the Home Office declined to issue him a visa, with Russia’s invasion of Ukraine giving him fresh impetus to sell. 

Abramovich’s £16m fleet of motors (including one of just 15 Pagani Zonda supercars ever produced)   

Pagani Zonda R – £2.5million

Porsche 911 GT1 Evo – £1.7m

Ferrari FXX – £1.6m

Bugatti Veyron – £1.5m

Aston Martin Vulcan – £1.2m

Maserati MC12 Corsa – £1.1m

Mercedes-Benz CLK GTR – £1m

2 x Maybach 62 Limousines – £1m each  

Ferrari 488 GT3 – £675,000

Porsche Carrera GT – £650,000

Rolls-Royce Corniche- £600,000 (inc. £500,000 ‘VIP 1’ number plate)

Mercedes-Benz AMG GT3 – £300,000

Ferrari 360 – £120,000

Tesla Model S – £100,000

Lamborghini Reventon – £840,000 

TOTAL: £16m

Abramovich wants a minimum of £3bn to sell Chelsea as he invites bids for the club. But there are emerging doubts that the Russian oligarch will receive anywhere near that mark.

There is a sense that securing an American buyer, potentially through a hedge fund, might be the best route towards a sale. 

But Abramovich’s links with a Russian regime that has caused so much destruction in Ukraine could lead to reluctance from interested parties to deal with Chelsea.

Swiss billionaire Hansjorg Wyss, worth £4.3bn, claims he has been approached to consider buying Chelsea, potentially as part of a consortium.

‘Abramovich is trying to sell all his villas in England, he also wants to get rid of Chelsea quickly,’ Wyss told Swiss newspaper Blick.

‘I and three other people received an offer on Tuesday to buy Chelsea from Abramovich. I have to wait four to five days now. 

‘Abramovich is currently asking far too much. You know, Chelsea owe him £2 billion. But Chelsea has no money. As of today, we don’t know the exact selling price.’

However, there is doubt whether a consortium style takeover would have longevity given the huge financial demands expected at a club the size of Chelsea. 

The Russian oligarch has spent time in the United Arab Emirates in recent weeks with a view to transferring part of his wealth there, Sportsmail understands.  

Sources claim Abramovich believes Chelsea is worth north of £3bn – as much as £4bn – but selling it is now impossible.

It seems inevitable that the Russian businessman will have to lower his expectations, but whether anyone is willing to offer as high as the £3bn that he would consider is unclear.

Abramovich attempted to step back from the daily running of Chelsea on Saturday, in the wake of Russia’s invasion of Ukraine.

The oligarch has already tried to hand the ‘stewardship and care’ of Chelsea to the club’s charitable foundation trustees. 

London property empire: £200m +

Chris Bryant claim in the Commons that Abramovich had been looking to sell ‘his home and a flat’ is thought to refer to his 15-bedroom mansion at Kensington Palace Gardens, valued at more than £150m, and a three-storey penthouse at Chelsea Waterfront, worth an estimated £22m. 

Staff at his Kensington property, which is on the same road as several high-security embassies, were told to expect viewings, according to The Times. It is not clear yet if he managed it, but lawyers have said this would be unlikely.

Chinese buyers are said to have been interested in the mansion, but a sale could be a drawn out protracted affair given the cost and due diligence agents would have to carry out.

Abramovich has become a less frequent visitor to London in recent years following issues with his entrepreneurial visa. He has Israeli and Portuguese citizenship on top of being a Russian national.

His whereabouts are not known after he was reported to be in Belarus to assist as an unlikely broker in peace talks between Russia and Ukraine on Monday.

Abramovich is said to be looking to offload his 15-bedroom mansion at Kensington Palace Gardens, valued at more than £150m

Abramovich is said to be looking to offload his 15-bedroom mansion at Kensington Palace Gardens, valued at more than £150m 

The tycoon also owns a three-storey penthouse at Chelsea Waterfront, worth an estimated £22m

The tycoon also owns a three-storey penthouse at Chelsea Waterfront, worth an estimated £22m 

Abramovich’s London property portfolio is also said to include a flat in Cheyne Terrace, Chelsea, which was purchased for £8.75million in 2017 and includes a high-tech temperature-controlled wine cellar.

It is close to three other properties that overlook the Thames, bought for £25million, that he had once intended to knock together and turn into a £100million super-home.

However Abramovich, who made his money selling assets acquired from the state following the fall of the Soviet Union, scrapped the plan and sold up after he relented to local uproar.

Abramovich became an Israeli citizen in 2018 after his British visa expired and reportedly owns most of the properties through a holding company called Fordstam

And land registry records show that since the expiration of his visa he transferred 11 properties to the business.

Sofia Abramovich, one of his daughters with second wife Irina. She recently posted an anti-Putin meme on Instagram, calling for an end to the war with Ukraine

Sofia regularly shares envy-inducing snaps on social media, which reflect her love of horses, champagne and exotic holidays

Sofia regularly shares envy-inducing snaps on social media, which reflect her love of horses, champagne and exotic holidays

Sofia joined a chorus of other wealthy Russian who have expressed their disgust at Putin's actions

Her Instagram post

With her Instagram post earlier this week (right), 27-year-old Sofia joined a chorus of other wealthy Russian who have expressed their disgust at Putin’s actions 

Abramovich has gone through three divorces. He is pictured with his first wife, Olga, who he met when he was 20 and she was a 23-year-old daughter of a high-ranking government diplomat

Abramovich has gone through three divorces. He is pictured with his first wife, Olga, who he met when he was 20 and she was a 23-year-old daughter of a high-ranking government diplomat

Abramovich's second wife, Irina, a London-based former Aeroflot stewardess who wed the Russian tycoon in 1991. She is seen cheering on Chelsea against Tottenham in 2005

Abramovich’s second wife, Irina, a London-based former Aeroflot stewardess who wed the Russian tycoon in 1991. She is seen cheering on Chelsea against Tottenham in 2005 

His third wife was the magazine editor Dasha Zhukova, who he was with between 2008 and 2017. They had seven children

More recently he has been romantically linked to ballerina Diana Vishneva (pictured on stage as Juliet in Romeo and Juliet Kirov Ballet at the Coliseum)

The tycoon’s third wife was the magazine editor Dasha Zhukova (left), who he was with between 2008 and 2017. They had seven children More recently he has been romantically linked to ballerina Diana Vishneva, seen on stage as Juliet in Romeo and Juliet Kirov Ballet at the Coliseum

Abramovich's eldest daughter, Anna, 29, is a Columbia University philosophy graduate who lives in New York. She is seen at the Chinawhite Evening Party during Cartier International Polo Day 2011 in Surrey

Abramovich’s eldest daughter, Anna, 29, is a Columbia University philosophy graduate who lives in New York. She is seen at the Chinawhite Evening Party during Cartier International Polo Day 2011 in Surrey 

His Kensington Gardens mansion, which originally cost him £90m, is close to the homes of steel magnate Lakshmi Mitta and billionaire business magnate Wang Jianlin.

Abramovich also owns homes in Russia, Sardinia, France, the West Indies and the US.  

He lost a number of properties during his 2007 divorce from his second wife Irina, with whom he has five children, including a £30m home on the Riviera called Chateau de la Croe, as well as an estate in Sussex called Fyning Hill, which he had bought for £18million.     

OTHER ASSETS 

Yachts, jets and cars: £1.26bn + 

Despite being highly secretive and preferring a life out of the spotlight, Abramovich has still led a glitzy lifestyle, with two superyachts worth £930m, £16m worth of luxury cars and private planes aplenty. 

The billionaire recently bought a £264m Boeing 787-8 Dreamliner jet. 

The 50-seater aircraft is the world’s most expensive private jet with a base cost of £188m and a rumoured £76m of additional equipment to the billionaire’s taste, Forbes reported, citing industry sources.

According to flight tracking websites, the plane was flown from Monaco to Moscow on Thursday, amid heightened speculation Abramovich was due to face sanctions. It is unclear if he was actually on board. 

Meanwhile, his £50m Gulfstream G650ER jet – registration LX-Ray – took off today from Turkey headed for an unknown destination, according to unconfirmed reports from Twitter account @RuOligarchJets, run by amateur flight tracker Jack Sweeney. 

In August, the Chelsea FC owner's new £430million superyacht the Solaris was spotted for the first time at sea, off the billionaire's playground of Antibes on the French Riviera. It is now moored in Barcelona

In August, the Chelsea FC owner’s new £430million superyacht the Solaris was spotted for the first time at sea, off the billionaire’s playground of Antibes on the French Riviera. It is now moored in Barcelona 

Roman Abramovich's Yacht'Eclipse' - which has two helipads, a submarine and three landing craft, two swimming pools and a dance floor - is pictured off Portofino in Italy on September 2, 2013

Roman Abramovich’s Yacht ‘Eclipse’ – which has two helipads, a submarine and three landing craft, two swimming pools and a dance floor – is pictured off Portofino in Italy on September 2, 2013

The Solaris is not as large as the Eclipse, a 533ft vessel. He has previously owned at least five other colossal yachts, with 162ft Sussurro the most recent to change hands around 2017

The Solaris is not as large as the Eclipse, a 533ft vessel. He has previously owned at least five other colossal yachts, with 162ft Sussurro the most recent to change hands around 2017

Eclipse 

Value: £540m

Length: 533ft

Tonnage: 13,000

Top speed: 22 knots (25mph)

Cabins: At least 24 guest cabins, but dozens more for the crew

Decks: 9 

Guests: 62

Crew: 70 

Engines: Four MTU 20V 1163 TB93 diesel engines

Extras: Two helipads, a submarine and three landing craft, two swimming pools and a dance floor 

Solaris 

 Value: £430m

Length: 460ft

Tonnage: 11,000

Top speed: 18 knots (20mph)

Cabins: 48

Decks: 8

Guests: 36

Crew: 60

Engines: Two Azipod electrical propellers

Extras: Helipad, swimming pool, beach club area, jacuzzi and spa 

Abramovich recently bought a £264m Boeing 787-8 Dreamliner jet to add to his £930million superyacht collection and £16million worth of cars

Abramovich recently bought a £264m Boeing 787-8 Dreamliner jet to add to his £930million superyacht collection and £16million worth of cars

The oligarch also owns a £50m Gulfstream G650ER jet - registration LX-Ray - which reportedly took off today from Turkey headed for an unknown destination. This is a stock picture of the same model

The oligarch also owns a £50m Gulfstream G650ER jet – registration LX-Ray – which reportedly took off today from Turkey headed for an unknown destination. This is a stock picture of the same model 

Abramovich has three Eurocopter helicopters, two of them that were based in England, which meant he could avoid congestion in London (seen here is a file photo of a Eurocopter)

Abramovich has three Eurocopter helicopters, two of them that were based in England, which meant he could avoid congestion in London (seen here is a file photo of a Eurocopter) 

His new Boeing 787-8 Dreamliner is understood to have been built in 2015 for PrivatAir, a Swiss airline operator, but was never handed over to the company as it filed for bankruptcy in 2018.

The plane – which replaces his Boeing 767-33AER which was valued at £128m and is currently on the market – is one of only 250 such aircraft in the world and is primarily owned and operated by major airlines. 

The 787-8 is 187 feet in length, and commercial models are able to carry 223 passengers.

For those who do not own their own Boeing 787 Dreamliner like Mr Abramovich, but still wish to charter one for a flight, they can expect to pay around £56,000 ($74,000) per hour – meaning an eight-four flight from London to New York could cost around £450,000 ($600,000).

Only two such planes are thought to be privately owned – one used by Mexico’s leader as his presidential plane and the other used by UAS International Trip Support, which operates global luxury charter jet service ‘Dream Jet’.

A spokesman for Millhouse, the company that manages the 55-year-old Abramovich’s assets, declined to comment on his purchase of the Boeing 787 when contacted by MailOnline in December. 

Abramovich’s jets, which have two pilots reportedly on £160,000 a year, are personalised inside with a study and supposedly a bedroom with a mirror on the ceiling.

The interior of a private Boeing 787 Dreamliner, similar to the model reportedly ordered by Roman Abramovich

The interior of a private Boeing 787 Dreamliner, similar to the model reportedly ordered by Roman Abramovich

A computer-graphic image of the interior of a private Boeing 787 Dreamliner - released by the manufacturer - shows a lounge space on the plane

A computer-graphic image of the interior of a private Boeing 787 Dreamliner – released by the manufacturer – shows a lounge space on the plane

The master bedroom of a Boeing 787 Dreamliner that is designed for private charter. The room features a king-sized bed and an in-built television. The bedroom also features an en-suite bathroom and a walk-in closet

The master bedroom of a Boeing 787 Dreamliner that is designed for private charter. The room features a king-sized bed and an in-built television. The bedroom also features an en-suite bathroom and a walk-in closet

The private charter Boeing 787 Drealiner's en-suite bathroom. The 787-8 model has 2,300-square-foot of space

The private charter Boeing 787 Drealiner’s en-suite bathroom. The 787-8 model has 2,300-square-foot of space

For those who do not own their own Boeing 787 Dreamliner like Mr Abramovich, but still wish to charter one for individual flights, they can expect to pay around £56,000 ($74,000) per hour - meaning an eight-four flight from London to New York could cost around £450,000 ($600,000)

For those who do not own their own Boeing 787 Dreamliner like Mr Abramovich, but still wish to charter one for individual flights, they can expect to pay around £56,000 ($74,000) per hour – meaning an eight-four flight from London to New York could cost around £450,000 ($600,000)

Once asked if the mirror helped improve his sex life, Abramovich replied: ‘No, but it does allow me to shave in bed.’

He also had three Eurocopter helicopters, two of them that were based in England, which meant he could avoid congestion in London. The helicopter pilots were also reportedly paid around £90,000 per year.

Meanwhile, the Chelsea FC owner’s new £430m superyacht Solaris is currently moored in Barcelona’s marina. The 460ft vessel is the most costly custom-made superyacht ever built, with 48 cabins across eight decks, a crew of 60 and space for 36 guests.

Built in Bremerhaven, Germany, Solaris recently completed sea trials and was briefly berthed in Barcelona before moving across to Cape D’Ail near Monaco, and then Antibes.

It is thought to be his second superyacht after the Eclipse, a slightly longer boat which has been valued at £500m. All his guests can be accommodated in luxurious state rooms and travel between the boat’s eight decks by lift.

As well as a gym, sauna, Jacuzzi and at least one swimming pool come as standard on boats such as these and, if the Solaris is anything like the 530ft Eclipse, it will also have a beauty salon, complete with beautician and hairdresser.

In 2016, the billionaire showed off his stunning collection of cars during a public appearance at the Nurburgring race track in Germany. Pictured: A £1.6m Ferrari FXX

In 2016, the billionaire showed off his stunning collection of cars during a public appearance at the Nurburgring race track in Germany. Pictured: A £1.6m Ferrari FXX

The second Ferrari 488 GT3 (worth at least £675,000) that is part of the Russian's car collection. It is not known if he still owns all the cars

The second Ferrari 488 GT3 (worth at least £675,000) that is part of the Russian’s car collection. It is not known if he still owns all the cars 

He also showed off a rare Pagani Zonda R, of which only 15 have ever been produced and come with a price tag of £2.5million

He also showed off a rare Pagani Zonda R, of which only 15 have ever been produced and come with a price tag of £2.5million

A Mercedes-Benz AMG GT3, worth at least £175,000, and possibly far more depending on any upgrades

A Mercedes-Benz AMG GT3, worth at least £175,000, and possibly far more depending on any upgrades 

A £1.5m Bugatti Veyron, which was also part of Mr Abramovich's car collection in 2016. The German race track was closed to the public while he used it

A £1.5m Bugatti Veyron, which was also part of Mr Abramovich’s car collection in 2016. The German race track was closed to the public while he used it

Eclipse has a night club with a dance floor but Solaris instead has an outdoor ‘beach club’ at the aft section of the upper deck.

Solaris has a flotilla of 20 high-speed jet-skis and at least one helicopter to ferry guests from ship to shore. And it’s expected that Abramovich will also invest in a personal submarine. 

Abramovich also owns a fleet of supercars valued at more than £16million. Among the high end vehicles are a Porsche 911 GT1 Evo, a Ferrari FXX, a Aston Martin Vulcan and a Maserati MC12 Corsa.

The fleet also includes a Pagani Zonda R, of which only 15 have ever been produced and come with a price tag of £2.5m.

The incredible car collection was first shown off by Abramovich while driving with his friends at the Nurburgring race track in Germany in 2016.

Business interests: Several billion pounds 

Roman Abramovich has a large shareholding in the Russian steelmaking firm whose materials experts say are used to make the military tanks which are invading Ukraine.

The Chelsea owner transferred his shares in Evraz, the London-listed Russian steelmaking giant, directly to himself from an offshore company on February 16, eight days before Vladimir Putin ordered the Ukraine invasion.

Analysts have told Sportsmail that the transfer of the 28.64% shareholding, from Virgin Islands-registered Greenleas International Holdings Ltd, could make it less vulnerable to the sanctions which have followed the invasion.

It could also make the shareholding easier to sell. The value of the shares have plummeted since Putin’s forces attacked Ukraine.

The Russian tycoon owns just under 30% of Evraz, the London-listed Russian steelmaking giant whose shares have been hammered in recent days

The Russian tycoon owns just under 30% of Evraz, the London-listed Russian steelmaking giant whose shares have been hammered in recent days 

Greggory Kuczyński, director of the Eurasia Program at the Warsaw Institute, told Sportsmail: ‘There was a risk that this offshore company would become a subject of sanctions. Evraz steel is used to build tanks, amongst other things. 

‘The company is important for the Russian arms industry, in this sense. It is important for Russia’s war plans, including with regard to Ukraine.’

A spokesperson for Abramovich said Evraz in Russia only produced steel for ‘rail and construction.’ 

In a 2017 document produced by Evraz as part of an investigation into steel importation in the US, Evraz said its Chicago operations produced ‘several products critical to US National Security… such as armoured plate for the US military.’

Evraz could not be reached for comment by Sportsmail.

Experts have said steel produced by Evraz has been used to make the military tanks which are invading Ukraine

Experts have said steel produced by Evraz has been used to make the military tanks which are invading Ukraine

The Warsaw Institute, an international relations think tank specializing in Eastern Europe, is uncertain whether Abramovich also owns shares in the Russian oil giant Rosneft, having invested nearly £225million in shares when it floated in 2006. 

Rosneft is one of Russia’s largest producers of crude oil and another major supplier of its military. The Rosneft website, which includes company details, was not accessible from the UK on Tuesday.

It is understood that Abramovich has used Jewish connections in Ukraine to attempt to broker peace discussions between Russia and the country it has invaded. 

Abramovich has substantial business interests in Ukraine, with an Evraz plant in the Donbass area of the country since 2010.

Abramovich can ill afford a prolonged war and sanctions designed to strangle and collapse the entire Russian economy, because he has so much invested in it.

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